Don't Retire...Graduate!

Welcome back to Don’t Retire… Graduate! In today’s Diary of a Financial Advisor entry, we dive into the journey of a dedicated financial professional who rose from humble beginnings to making impactful strides in the financial services industry. Joining us on the podcast is Shakkirah Clarke-Gunther, a Client Service Associate at BFG Financial Advisors. Shakkirah brings over thirteen years of experience to the table, possessing a passion for uplifting her clients from financial literacy to financial freedom. As an individual hailing from a challenging upbringing in Camden, New Jersey, she has become a beacon of motivation for her community and family, striving to break the chains of poverty with her expertise and empathy. In our conversation, Shakkirah candidly shared her life story, providing insights into her journey from an urban setting defined by scarcity, to becoming an integral part of a firm that values a familial workplace culture. She discussed her commitment to not only growing within her career but also contributing to the growth of others by sharing the knowledge she accumulated through her personal and professional experiences. From overcoming shyness to stepping into the financial spotlight, Shakkirah’s tale is one of resilience and transformation. We explored her evolving relationship with money—how she transitioned from living paycheck-to-paycheck to prioritizing long-term planning. Shakkirah emphasized the importance of having a supportive network, citing how her current role at BFG offers the environment she needs to thrive and expand her horizons. 5 Key Takeaways: Valuing a Family Environment: Shakkirah highlighted how the sense of belonging and support at BFG Financial Advisors has been instrumental in her professional satisfaction, allowing her to overcome personal barriers and focus on growth. From Scarcity to Strategic Planning: Growing up in poverty-stricken Camden, Shakkirah has shifted her financial mindset from one of immediate survival to embracing long-term strategic planning for her future. Embracing Growth Opportunities: Despite her admitted shyness, Shakkirah underscores the significance of stepping out of comfort zones and seizing opportunities for personal and professional development, such as being involved in podcasts and other innovative platforms. Community Impact: Shakkirah is driven by a desire to be a pillar in her community, acting as a role model and resource for younger generations, showing them the potential that exists beyond their immediate circumstances. Money Mindset Evolution: Shakkirah’s journey reflects a transition from viewing money as a finite resource to understanding its potential to work sustainably for her, encapsulated in her goal to ensure her money is working towards her future independence. Join us for this inspiring episode as we follow Shakkirah’s path toward financial empowerment and learn how she leverages her experience to impact her life and the lives of others positively. Don’t forget to subscribe, rate, and share this episode to inspire those around you! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don’t Retire… Graduate! In today’s Diary of a Financial Advisor entry, we're diving into the insightful journey of financial advisor Beth Nori, a Certified Financial Planner™ practitioner with over eight years under her belt at BFG. Beth isn't your typical advisor who is often the face of meetings; instead, she plays a crucial behind-the-scenes role, ensuring everything is meticulously prepared before clients walk through the door. In our discussion, Beth shared her path from starting in a large financial firm in the DC area to finding a home with BFG in Baltimore, where the focus on financial planning became her passion. We discuss what drew her to the financial industry and her unique trajectory at BFG, where she handles a lot of the preparatory legwork that many advisors might shy away from. Her attention to detail and affinity for working with numbers naturally aligned with her gravitation toward tax planning, a crucial area for many clients. Beth is currently expanding her expertise by pursuing a new designation, the Tax Planning Certified Professional. Together, we explored her commitment to transforming technical planning into more human, client-centered advice and the satisfaction of helping clients minimize tax liabilities. Beth also shared her aspirations, which remarkably revolve around growing in her current role, enjoying BFG’s family-like culture, and seeing where her path continues to take her. 5 Key Takeaways: Behind-the-Scenes Expertise: Beth’s role emphasizes the importance of the preparatory work that sets the stage for successful client interactions, highlighting the need for detailed-oriented advisors in financial firms. Importance of Company Culture: Beth values the smaller, family-like culture at BFG, which allows her to make a meaningful impact and foster closer relationships within the company. Tax Planning as a Niche: Despite the technical challenges and common intimidation of tax planning, Beth's enthusiasm for numbers has led her to pursue specialized qualifications in this area, emphasizing its importance for client financial success. The Role of Continued Education: Beth's pursuit of the Tax Planning Certified Professional designation demonstrates the value of continued learning and specialization in adapting to the evolving needs of clients. Personal Career Satisfaction: Beth’s contentment in her current role showcases the importance of aligning personal interests with career paths and finding fulfillment in contributing to a larger team effort rather than seeking traditional leadership roles. Join us as we continue to inspire and educate you on your journey toward financial freedom and a purpose-filled future. Don’t forget to subscribe, rate, and share this episode with those eager to transform their financial outlook! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don’t Retire… Graduate! In today's episode, I'm excited to dive deep into the world of real estate with our special guest, Nick Aufenkamp. Nick is a real estate agent who's embarked on a unique path, teaching homebuyers how to navigate the buying process without a buyer's agent, aiming to save them significant money. With a background in pastoral ministry and extensive experience in real estate, Nick joins us to share his insights on the DIY home buying process and the changing landscape of the real estate industry. During our conversation, Nick and I discussed the potential pitfalls of traditional buyer's agency, highlighting the inherent conflict of interest when agents are incentivized for higher purchase prices. We explored the innovative DIY Homebuyer Academy that Nick has developed, which offers tools, community support, and coaching to empower buyers to self-represent during their purchase. Nick candidly shared the challenges within the industry, the resistance to change from traditional realtors, and the real-world impact of recent legal shifts affecting buyer representation. We also touched on the crucial aspects of the closing process, emphasizing the importance of understanding agreements before signing and considering a real estate attorney’s help when needed. 5 Key Takeaways: DIY Homebuyer Academy: Nick's program offers a comprehensive approach for homebuyers to self-represent and potentially save thousands on commissions, utilizing a blend of community support, online courses, and individualized coaching. Conflict in Traditional Buyer Agency: The episode highlighted the misalignment in incentives between buyers and traditional agents, where agents profit more when buyers spend more, alongside the pressure to close deals swiftly. Resistance from Real Estate Industry: Nick shared insights on the industry's resistance to the DIY model, owing to the entrenched interests and systems built around traditional commission structures. Navigating the Closing Process: We discussed the daunting closing process, emphasizing the importance of understanding all legal documents before signing and the potential need for a real estate attorney. Empowering Buyers: The conversation focused on empowering buyers with knowledge and control over their transactions, advocating for transparency and education in what is often the most significant financial transaction of one's life.  Join us as we explore new ways to empower yourself in real estate and strive for a purpose-filled financial future. Don't forget to subscribe, rate, and share this episode with those eager to take control of their home-buying journey! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to another Diary of a Financial Advisor segment of Don't Retire... Graduate! . Our special guest is Kirby Ososki, a remarkable individual with 18 years of experience in the financial industry, currently working at BFG—not as a financial advisor, but as a Registered Client Service Associate. Kirby brings a distinct perspective to our industry, one that underscores the critical roles beyond advising that make substantial impacts on client satisfaction and financial success. In our conversation, Kirby and I discussed her unconventional path into the financial industry and the evolution of her career. She shared how her journey began unexpectedly at a jewelry store and led her to an influential role within the firm. As someone not initially trained as a financial advisor, she offers a fascinating insight into how teamwork and meticulous operational support are essential to the success of financial advisers and, ultimately, to the clients they serve. Kirby detailed her day-to-day responsibilities, emphasizing the operational execution of opening accounts, transferring funds, and completing trades. Although not directly involved in the advisory process, Kirby showed how significant her role is in delivering client confidence and satisfaction, a testament to the importance of effective communication and operational precision in financial planning. Her passion extends beyond her current role; with aspirations of becoming a Peloton instructor, she embodies the spirit of not retiring but constantly evolving. 5 Key Takeaways: Non-Traditional Career Path: Kirby's entry into the financial industry illustrates how diverse experiences and backgrounds can lead to impactful roles in financial services, beyond the advisory functions. The Role of Registered Client Service Associates: Kirby explained the critical operational tasks that support client success, highlighting how precision and efficiency build client trust and satisfaction. Importance of Teamwork: Her experience at BFG showcases the power of collaboration in boutique firms, where personalized attention and consistent teamwork enhance service delivery. Joy in Supporting Roles: Kirby derives immense satisfaction from her work when she receives positive feedback from both colleagues and clients, manifesting the often-unseen impact of behind-the-scenes efforts. Evolving with Purpose: Kirby's aspirations of becoming a Peloton instructor illustrate a continuous journey of growth and self-discovery, echoing the ethos of never truly retiring, but graduating to new adventures. Join us as we explore Kirby's story and learn how different roles within the financial sector contribute to creating a more secure and confident future for clients. As always, don't forget to subscribe, rate, and share this episode with anyone embarking on their financial journey! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don't Retire... Graduate! On today’s episode, we’re returning to a topic we began discussed earlier in the season: planning for families with special needs. I am thrilled to be joined by DJ Jeyaram, a dedicated attorney whose personal journey into this field was profoundly influenced by his own family's experiences. DJ shifted his law firm's focus towards helping families with special needs issues in 2009 after his son was diagnosed with a rare genetic condition. Now, he's an expert in special needs trusts, wills, guardianships, conservatorships, and more. During our conversation, DJ shared his personal story about navigating the emotional and practical challenges of parenting a child with special needs. He explained how his own journey led him to transition from a healthcare corporate and regulatory practice to a special needs estate planning practice. Our discussion highlighted the importance of understanding the tools available for legal estate planning to help safeguard benefits for special needs individuals. We dove into the complexities of government programs like the NOW and COMP waivers, and how they provide essential services beyond healthcare, such as transportation and housing. We also tackled the intricacies of financial planning for special needs individuals, including the role of ABLE accounts in empowering these individuals to save money without jeopardizing their government benefits. DJ offered insights on involving family members in the planning process to ensure that they contribute beneficially without disrupting existing benefit programs. Finally, we explored the emotional side of caregiving, discussing the importance of support networks and community resources for families navigating these challenges. 5 Key Takeaways: Legal and Financial Understanding: DJ stressed the need for families to fully understand the legal documents available to them, ensuring these documents reflect their true intentions for their special needs child’s future, rather than following a generic template. The Role of ABLE Accounts: These accounts are pivotal for allowing special needs individuals to work and save without losing access to critical government benefits, encouraging financial independence and providing an incentivized work-lifestyle balance. Trustee and Beneficiary Planning: It's vital to carefully choose trustees for special needs trusts, balancing the familiarity of family with the expertise of professionals to properly manage resources and ensure the continued receipt of benefits. Community and Emotional Support: DJ underscored the importance of social connections and the availability of support groups at both local and national levels, which provide vital resources and emotional support for families. Navigating Education Systems: Families must advocate for their children’s right to a fair and appropriate education, utilizing resources like special education grants or public school IEPs to support both educational and life skill development. Join us in this enlightening episode as we uncover strategies to build a more secure future for families with special needs. Don’t forget to subscribe, rate, and share this episode with anyone who may benefit from these insights. Your journey toward a future filled with purpose and financial security matters, and we're here to help guide you every step of the way! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to another Diary of a Financial Advisor segment of "Don't Retire... Graduate!" Joining Eric today is Akram Ibrahim, who brings a unique perspective to his role as the firm's lead trader. His journey at BFG didn't start from a calculated career plan but rather from a serendipitous encounter at a career fair during his time at Stevenson University. Throughout our conversation, Akram and I discussed his unconventional path into the financial industry, where pure luck and an eagerness to learn fueled his growth. He shared how his role as Lead Trader involves handling thousands of transactions a year, rebalancing portfolios, and conducting in-depth research to identify the best investment opportunities. We also explored Akram's educational journey, which includes an Accredited Portfolio Management Advisor designation and a Master's in Financial Services, which distinguishes him from typical financial advisors. Akram shared his passion for serving his community and helping others succeed, emphasizing his mission to create efficiencies within the firm and better serve clients. His dedication to both personal growth and professional excellence shines through, as does his aspiration to enhance the lives of those around him. 5 Key Takeaways: A Serendipitous Start: Akram's journey into the financial industry began unexpectedly at a college career fair, leading to a fulfilling 12-year career dedicated to learning and serving at BFG. Unique Role as Lead Trader: Akram stands out in his role as the lead trader and research specialist, handling thousands of trades annually and overseeing significant financial responsibilities. Commitment to Service: Service is at the heart of Akram’s mission, focusing on bettering the firm, community, and personal circles, emphasizing a servant leadership approach. Educational Distinction: Akram holds a Master's in Financial Services and an accredited portfolio management advisor designation, setting him apart and equipping him with diverse expertise. Future Goals: Akram aims to create efficiencies within the firm, ensuring growth and progression. His professional and personal aspirations align closely with his dedication to becoming an expert and serving the broader community effectively. Thanks for joining us! If you enjoyed the show, please subscribe, leave a rating on your favorite podcast platform, and share it with your friends and family. We want to hear from you, so send your ideas for future topics to our Facebook page or tweet us at Brotman Planning. Stay tuned for more engaging guests and financial advice. Until next time, remember: don't retire, graduate! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don't Retire... Graduate! In today’s episode, we're focusing on a specific group of people: HENRYs, or High Earners, Not Rich Yet. Joining us on the podcast today is Jude Wilson, Chief Financial Strategist at Centrist Financial Strategies. With over 25 years of experience, he specializes in retirement income planning and tax reduction strategies for baby boomers and retirees. Jude holds a bachelor's degree in marketing and finance, as well as an MBA, and is affectionately known as “the Roth guy.” In our discussion, Jude and I explored the intricacies of Roth IRAs and the strategic importance of tax planning for financial independence. We discuss the concept of HENRYs and how proper planning can help them build wealth and achieve financial goals. We tackled the myths surrounding Roth conversions, discussing why this strategy makes sense even for high-income earners. Jude shared insights into the changing landscape of taxation, especially with the Secure Act 2.0, and the potential impact on inheritance planning. He also shared his personal journey and emphasized the significance of having the right money mindset, health, and happiness to lead a fulfilling life. Together, we explored the concept of financial independence, addressing the essential role of diversified buckets in retirement portfolios. 5 Key Takeaways: Roth Conversion Strategy: Jude emphasized the importance of considering Roth conversions as a strategic move to optimize tax-sheltered savings, noting how future tax implications can significantly impact overall wealth. Understanding "Henry's": The episode highlighted the unique challenges faced by "High Earners, Not Rich Yet" and the essential financial planning needed to convert their high incomes into sustainable wealth. Impact of Secure Act 2.0: Jude discussed how the elimination of the Stretch IRA might affect heirs and why forward-thinking tax strategies are imperative to managing future tax liabilities. Money Mindset and Health: Jude shared his personal story, underscoring the importance of a balanced approach to health, wealth, and happiness, advocating for a mindset that welcomes financial planning as a tool for overall well-being. Retirement Income Buckets: We explored using diversified buckets for retirement savings to ensure stability during market fluctuations, enabling retirees to maintain their lifestyle seamlessly. Join us as we inspire and educate you on your journey toward financial freedom and a purpose-filled future. Don't forget to subscribe, rate, and share this episode with those eager to transform their financial outlook! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to another episode of "Don't Retire... Graduate!" where I, Eric Brotman, explore the unique journeys of financial advisors and how they help others achieve financial independence. In today's Diary of a Financial Advisor segment, I had the pleasure of speaking with Andrew Harrell, a dedicated financial advisor at BFG Financial Advisors. Andrew shares his journey in the financial advising field, his passion for helping clients with retirement and income planning, and the insights he's gained along the way. In our conversation, Andrew shared his journey to becoming a financial advisor, highlighting how he has only known BFG Financial Advisors as his professional home. We discussed the intricacies of retirement and income planning, emphasizing the importance of planning early and the different strategies available depending on an individual's needs. Andrew highlighted the various factors retirees must consider, such as the sustainability of withdrawal rates, tax implications, and how assets like home equity can play a part in their retirement plan. We also explored the generational differences in retirement planning and how advisors like Andrew navigate conversations about aging and financial security with clients much older than themselves. Additionally, we dove into the emotional and lifestyle aspects of retirement and how finding purpose and passion post-retirement is key to a fulfilling life. 5 Key Takeaways: Early Career Development: Andrew Harrell's career began with BFG right after college. Working closely with experienced advisors like Eric Brotman has shaped his understanding and approach to financial advising, particularly in retirement and income planning. Retirement and Income Planning: Andrew emphasizes the importance of starting retirement planning early. He discusses withdrawal rate strategies, tax implications, and the use of various financial products to ensure a sustainable retirement income. Navigating Emotional and Lifestyle Aspects: Retirement is not just a financial transition but also a lifestyle change. Andrew discusses the importance of finding activities that bring fulfillment and purpose post-retirement to avoid stagnation and to enjoy a more fruitful life. Generational Differences in Planning: There are noticeable differences in how baby boomers, Gen Xers, and millennials approach retirement planning, largely due to changes in the availability of pensions, reliance on social security, and economic conditions. Continuous Learning and Client Engagement: Andrew's commitment to his clients is evident in his willingness to learn and adapt. He values transparency and honesty with clients, embracing the learning opportunities that come with each unique financial situation. Thank you for tuning in to this insightful episode with Andrew Harrell. If you enjoyed our discussion, please subscribe, leave a rating, and share our podcast with friends and family. Stay connected with us on our social media platforms for more updates and episodes. Remember, Don't Retire... Graduate! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to "Don't Retire... Graduate!" Today, we’re talking about a topic that impacts many families and is often overlooked in financial planning—preparing for special needs children and aging parents' care. These stages of life present unique challenges that require careful planning and expert guidance to ensure both financial stability and familial harmony. In this episode, I am pleased to be joined by Nicole Hewitt, an experienced attorney specializing in estate planning, elder law, special needs planning, business planning, and real estate transactions. With her extensive background working with individuals and families dealing with estate and tax-related matters, Nicole offers invaluable insights and strategies to help navigate these complex situations. During our conversation, Nicole and I explore the intricacies of planning for families with special needs children and for those dealing with aging parents. We start with the challenges pre-retirees face when trying to save for their own retirement while also providing for a special needs child. Nicole highlights the importance of early and ongoing communication with family members and financial advisors to create effective plans.  We also touch on the critical role of life insurance and special needs trusts in ensuring the financial security of special needs individuals. Shifting gears, we address the pressures on adult children who are managing the care of aging parents, emphasizing the necessity of honest family discussions and legal planning to mitigate future financial and emotional strain. Finally, we tackle the sensitive issue of driving and independence for elderly parents and offer guidance on how to manage this challenging transition. Key Takeaways: Two-Track Planning: Families with special needs children must navigate both personal retirement planning and long-term care planning for their dependent. Early planning and the use of vehicles like life insurance and special needs trusts can help balance these responsibilities. Conversations are Crucial: Engaging in open discussions with family members about estate plans, potential inheritances, and responsibilities ensures smoother transitions and alignment on future care strategies. Prepare for Aging Parents: Observing and discussing your parents' aging process while they’re still competent encourages proactive measures and legal planning, thereby reducing stress and preserving family relationships. Professional Guidance is Key: Consulting with a financial advisor and attorney who specialize in special needs and elder law is crucial in creating and executing effective estate plans to better ensure compliance with laws and optimize financial outcomes. Facing the Independence Issue: When the time comes to address an elderly parent's capability to drive, children often need to take on a parental role for the safety of their loved one and others, despite the discomfort it may cause. For more details, or to start your planning process, reach out to Nicole Hewitt through the HWK Law Group. And don’t miss our upcoming webinar on the Tax Cuts and Job Act of 2017 in March 2025 for further advice and insights. Join us next week and continue the journey of turning retirement into a commencement. As always, remember: Don’t retire, graduate! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to another episode of "Don't Retire... Graduate!" I'm your host, Eric Brotman. In our "Diary of a Financial Advisor" segment, we introduce you to financial advisors and explore their professional journeys and their dedication to helping clients achieve financial success. Today, I'm delighted to have Dan Halla, a valuable member of our BFG team, join me. Dan is our go-to specialist in long-term care insurance, bringing both his professional expertise and personal passion to the table. We'll dive into what inspired Dan's career path, his philosophy on the importance of risk management, and what's on the horizon for the field of long-term care insurance. In this episode, I sat down with Dan Halla to discuss long-term care, a topic that many shy away from but one that Dan passionately champions due to personal experiences with his grandmother. We explored his journey to BFG, which started at a luncheon where his potential was spotted immediately. Dan shared how his dedication to long-term care was ignited by witnessing his grandmother's needs as she aged, steering him towards a career where he could make a significant difference in others' lives. Dan brings a human touch to financial advising, focusing less on numbers and more on the personal stories of our clients. We dove into how the long-term care insurance market has evolved, with fewer companies offering traditional policies. Dan explained how hybrid policies cater to clients' desires for a more tangible benefit, such as a death benefit or cash value. A theme throughout our conversation was trust—trust clients must have in us as advisors, even as we recommend planning for eventualities they would rather not contemplate. Dan's commitment to building personal relationships ensures our clients feel supported, especially when making claims in times of hardship. 5 Key Takeaways: Personal Motivation: Dan's passion for long-term care insurance was inspired by personal experiences with his grandmother, underscoring the importance of real-world experiences in shaping career paths. Changing Insurance Landscape: The traditional long-term care insurance market is shrinking, with more carriers offering hybrid policies that provide clients with more immediate, tangible benefits. Building Trust: Dan emphasizes the significance of developing close, trusted relationships with clients, assuring them of support when they need it most. Professional Philosophy: Rather than solely focusing on investment figures, Dan focuses on understanding clients' personal stories to guide them toward better financial decisions. Future Aspirations: Dan's goals revolve around being a trusted professional and an excellent future parent, with the guidance and confidence instilled by his wife and teammates. Thank you for tuning into this insightful episode with Dan Halla. Make sure to subscribe, rate, and share with friends and family. As always, if you have ideas or topics for future episodes, reach out to us on Facebook. Remember, don't retire, graduate! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to "Don't Retire... Graduate!" On this episode, we're thrilled to welcome Jasper Smith, a dedicated financial educator and visionary behind the Build Wealth Movement. With over 15 years of experience in the financial services industry, Jasper is on a mission to disrupt generational poverty and help families create sustainable wealth. Jasper Smith is a trailblazer in the financial services sector, with a deep-seated curiosity about money that has driven his career. As the founder of the Build Wealth Movement, Jasper tirelessly works to empower individuals and communities to overcome financial challenges and embrace prosperity. His commitment to financial education and his innovative approach to wealth-building strategies are transforming lives. In this episode, Jasper Smith and I dove into the intricacies of financial education, the importance of breaking generational poverty cycles, and the strategies that can lead to financial independence. Jasper shared his personal journey into the financial world, driven by a curiosity about money sparked by the daily stock market updates he saw on TV and a lack of open conversations about finances in his community. We explored the taboos surrounding money, different family dynamics, and how early financial habits impact lifelong prosperity. We also discussed the significance of educating children about money, emphasizing the need to start as early as possible, even if it begins with simple concepts like savings and earning money. Jasper highlighted the role of curiosity in understanding financial systems and the necessity of learning the rules to play the money game effectively. We touched on the challenges and opportunities presented by gamifying financial education and the importance of making informed decisions. As our conversation unfolded, we tackled the delicate balance of managing personal and family finances, the role of expectations in building generational wealth, and how societal changes have influenced today's financial landscape. Together, we unpacked the strategies that families can use to achieve financial success, including the importance of seeking external assistance and being receptive to guidance. Key Takeaways: Curiosity as a Catalyst: Curiosity about money and how it functions can be a powerful motivator. It leads to asking pertinent questions and seeking knowledge, which are essential for understanding financial systems. Start Financial Education Early: Introducing children to financial concepts at a young age, even if it starts with basic ideas like savings, can lay a strong foundation for their financial literacy and decision-making skills. Breaking Generational Poverty: Disrupting the cycle of generational poverty requires intentional actions, setting higher expectations for future generations, and educating oneself about sound financial practices. Balancing Family and Personal Financial Goals: It's crucial to ensure your financial stability while planning for your children's future. Effective conversations and planning can help achieve a balance that secures retirement without compromising children's educational and life goals. Openness to External Guidance: Being open to accepting guidance, assistance, or advocacy can be transformative in achieving financial aspirations. Identifying a trusted advisor to help navigate complex financial decisions is invaluable. Thank you for joining us in this engaging conversation with Jasper Smith. Be sure to subscribe to "Don't Retire... Graduate!" for more insightful episodes. If you have topics or ideas you’d like us to explore, connect with us on Facebook or Twitter @BrotmanPlanning. Remember, the journey to financial freedom is one of learning and growth, so don't retire... graduate! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don't Retire... Graduate!: the podcast that invites you to rethink what retirement really means. In our Diary of a Financial Advisor segment, I, Eric Brotman, interview financial advisors about their professional journeys and their dedication to aiding others in their financial success. Today, we are lucky enough to be joined by BFG's own Cody Niedermeier before he begins his paternity leave. In this episode, Cody and I explore the various considerations involved in planning for a family from the perspective of a financial advisor. Cody opens up about his own journey, sharing that he and his wife are expecting their first child. We discuss the practical changes needed in the home and adjustments to the family budget, emphasizing the costly nature of raising children. Cody provides insights into how his professional life has equipped him to tackle personal financial planning for his growing family. We also touch on the importance of life insurance, estate planning, and the possible choices between public and private schooling. Cody reflects on how being a financial advisor has prepared him for fatherhood and anticipates how fatherhood will, in turn, deepen his connection with clients. 5 Key Takeaways: Early Conversations and Planning: Cody stresses the importance of early and honest discussions about family planning even during the dating phase. Knowing each other’s desires about having children can shape the future and pinpoint readiness for starting a family. Financial Preparation and Adjustments: Financial planning for a new baby involves reassessments of budgets, exploring the costs of daycare, making necessary home adjustments, and ramping up that emergency fund. Cody shares the humorous reality of exceeding budget plans with frequent trips to places like Target. Healthcare, Childcare, and Education: Conversations around adjusting work schedules, weighing daycare options, and considering the pros and cons of public versus private education are crucial. Cody highlights the life-changing expenses associated with raising a child and how to plan for them effectively. Importance of Life Insurance and Estate Planning: Essential aspects of family planning include ensuring there is adequate life insurance and that estate documents are in order. Cody notes how these steps, though centered around dire scenarios, are fundamental in securing the family's future. Balancing Professional and Personal Life: Cody articulates how being a financial advisor has uniquely equipped him to plan for his family and posits that becoming a parent will help him relate even more profoundly with his clients. He emphasizes the need for drawing upon available resources, supporting his wife, and maintaining a balance between professional and personal demands. Cody's journey is a testament to the power of early planning and the perpetual balancing act of professional and personal life. Don't forget to subscribe and share this episode with anyone who might benefit from Cody's valuable insights. Remember, if you have any topics or ideas you'd like us to discuss in a future episode of "Don't Retire... Graduate!", please reach out on social media. Stay tuned for our next episode, and until then, don't retire… graduate! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don't Retire... Graduate!: the podcast that invites you to rethink what retirement really means. In today's episode, we're taking a look at college admissions and financial aid with our special guest, Dr. Kuni Beasley. With over 40 years of experience in helping students and their families navigate the complexities of getting into college and securing financial aid, Dr. Beasley brings a wealth of knowledge and practical advice that could save you thousands of dollars while helping your children achieve their academic dreams. In this episode, I sit down with Dr. Beasley to discuss his unique approach to navigating the often daunting landscape of college admissions and financial aid. We explore his strategies, which have helped countless families secure significant scholarships and grants, minimizing the out-of-pocket costs for higher education. Dr. Beasley shares insights into the different types of financial aid available, including merit-based, need-based, and entitlement aid, and explains the crucial steps families need to take as early as the 9th grade to maximize their opportunities. We also tackle the importance of standardized testing, building strong resumes, and understanding lesser-known ways to finance college education. Dr. Beasley emphasizes that no college is worth dipping into retirement funds and offers practical advice on maintaining financial health while supporting educational aspirations. 5 Key Takeaways: Types of Financial Aid (MONEY Acronym): Dr. Beasley introduces the acronym MONEY to describe the five types of financial aid: Merit-based, Opportunity-based, Need-based, Entitlement, and Your Own Money. Understanding each type is crucial to navigating college costs effectively. Early Planning is Essential: Starting from the 9th grade, families should begin planning and preparing for college applications and financial aid opportunities. Dr. Beasley stresses that delaying this process can result in missed financial opportunities, costing families dearly. Maximize Standardized Testing: Despite the rise of test-optional policies, standardized test scores like the SAT and ACT remain critical for scholarship opportunities and college admissions. Dr. Beasley recommends taking tests early and often to achieve the best possible scores. Build a Strong Resume: Students should engage in activities that enhance their resumes, such as earning the Presidential Volunteer Service Award and participating in programs like Boys State and Girls State. Such accolades can significantly impress admissions officers and improve scholarship chances. Financial Aid Strategies: Correctly filling out the FAFSA is critical, as mistakes can cost families tens of thousands of dollars. Dr. Beasley also highlights strategies like leveraging ROTC scholarships and understanding institutional aid policies to reduce reliance on personal funds. For those interested in diving deeper into Dr. Beasley's methods and potentially saving thousands on college costs, more information can be found at Beasley College Prep. Tune in next time for another inspiring episode of "Don't Retire... Graduate!" If you enjoyed our show, please subscribe, leave a rating on your favorite podcast platform, and share it with your friends and family so they can join you on your journey to financial freedom. Feel free to send us a topic or idea you'd like to discuss in a future episode by posting it on our Facebook page or tweeting us at @BrotmanPlanning. Until next time, don't retire... graduate! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to another episode of "Don't Retire... Graduate!" I'm your host, Eric Brotman. Our podcast aims to guide you to a fulfilling and passionate retirement by asking you the important question: "What do you want to be when you grow up?" In our "Diary of a Financial Advisor" segment, we interview financial advisors about their unique journeys and their dedication to helping others succeed financially. Today, I'm thrilled to introduce Claudia Glover, a chair of our investment committee and a highly credentialed CFP, who will share her professional and personal journey with us. Claudia has a wide array of experiences in the financial industry. Originally inspired by her father, who immigrated with their family and taught her the values of discipline and saving, Claudia embarked on a path in finance that has led her to become a trusted advisor and the chair of our investment committee at BFG. In this episode, Claudia shares her inspiring journey into the world of finance, which began by watching her father's disciplined financial management. After graduating from college, Claudia knew she wanted to enter the finance field. Her career has been non-linear, starting as an associate, moving onto a fixed income trading desk, and eventually managing a growth and income SMA at Wells Fargo. Transitioning from the large corporate environment of Wells Fargo to the more intimate setting of BFG was a culture shock, but one she has embraced wholeheartedly. Claudia talks about her "why"—helping clients reach milestones—and how this drives her every day. We also discuss Claudia's accountability partnership within BFG and how it has benefitted both her and me. Finally, we explore the impact of financial wellness programs on both Claudia's career and the lives of the clients she serves. 5 Key Takeaways: Claudia’s Inspirational Journey: Claudia was moved to enter finance by observing her father’s disciplined financial habits. This demonstrates the significant impact parents can have on their children's financial literacy and career choices. Career Path & Experience: Claudia’s career has been diverse, ranging from assisting a team of advisors to managing a growth and income SMA. Her varied experiences have equipped her with the knowledge and skills to effectively support her clients. Transition from Large to Small Firms: Moving from Wells Fargo's massive organization to the more personal environment at BFG was a notable shift. However, it offered Claudia the opportunity to engage more deeply with her clients and understand their financial situations on a personal level. Importance of Accountability: The concept of having an accountability partner at BFG has been a significant factor in personal and professional growth for Claudia. Monthly meetings to discuss goals have helped her maintain focus and drive. Financial Wellness Programs: These programs allow financial advisors like Claudia to reach a broader audience, offering personalized financial advice and guidance. These programs can profoundly affect the financial health and understanding of participants. I hope you find this episode not only informative but also inspirational. Claudia's journey is a testament to how diverse experiences and a heartfelt commitment to helping others can lead to a fulfilling career in financial services. Join us next week for another engaging episode, and in two weeks, meet another advisor in our "Diary of a Financial Advisor" series. If you enjoyed our show, please subscribe and leave a rating on your favorite podcast platform. Share this episode with friends and family so they, too, can join the journey to financial freedom. Have a topic or idea you’d or idea you’d like us to explore? Post it on our Facebook page or tweet us at Brotman Planning. Until next time, remember: Don't retire, graduate! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the premiere of the sixth season of "Don't Retire... Graduate!" I'm your host, Eric Brotman, and I'm thrilled to be back after a year-long hiatus. Our mission remains the same: to provide you with the insights and tools you need to achieve financial independence and live the life you’ve always dreamed of. Today, our guest is a DRG regular, the incomparable Joe Saul-Sehy. Joe is an esteemed financial expert and the creator and co-host of the "Stacking Benjamins" podcast network. Joe is also a former financial advisor, a board member of the Plutus Foundation, and an author. With such a wealth of experience, he's the perfect guest to kick off our new season. In this episode, Joe and I take a look at the intersections of politics, investments, and financial planning. With the recent election, we discuss the impact it will have on tax policy, the economy, and interest rates. Joe emphasizes the importance of personal accountability and taking action based on current realities rather than political outcomes. We discuss economic volatility, current stock market trends, and the significant influence of the Federal Reserve compared to political administrations. Joe provides valuable investment strategies, stressing the impracticality of market timing and advocating for a long-term perspective. We also share personal anecdotes, including Joe’s new venture, "Stacking Adventures," a travel blog and podcast. The conversation concludes with a discussion about the importance of enjoying life experiences early, leveraging personal hobbies, and maintaining quality family time. 5 Key Takeaways: Personal Accountability Over Politics: Joe emphasizes that regardless of recent election outcomes or political affiliations, personal accountability and action based on current facts are crucial for financial success. Quoting Jack Welch, Joe highlights the importance of accepting reality as it is, not how we wish it to be. Investment Strategy: Joe argues that successful investing requires comfort with uncertainty and avoiding market timing. He gives an example of a friend who took advantage of a market drop to invest more, advocating for a long-term perspective. Federal Reserve’s Influence: The discussion reveals that the Federal Reserve has more short-term economic influence than the presidency. This insight challenges the common perception that political changes drastically affect personal financial strategies. Enjoying Life Experiences: Joe and I stress the importance of not waiting until old age to enjoy meaningful experiences due to potential health issues. Experiencing life now, rather than delaying gratification, is crucial for overall well-being. Community and Family Time: Personal hobbies and shared experiences, such as building Lego sets or playing board games, can provide significant non-material value. These activities help build strong relationships and create lasting memories, emphasizing that finance is not just about money but about what it enables people to do. I want to thank Joe Saul-Sehy for joining us today. Don't forget to check out his projects like "Stacked" and "Stacking Benjamins." As we move forward, stay tuned for more interviews and our new segment, "Diary of a Financial Advisor," every Thursday. Remember to subscribe, leave ratings, and share the podcast with your friends. Let's keep the conversation going and achieve financial graduation together! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to Don’t Retire… Graduate!—the podcast that’s here to challenge the way you think about retirement. I’m your host, Eric Brotman, Certified Financial Planner Practitioner, and I’m excited to guide you in transforming retirement from a final destination into a new beginning—a graduation into the next great chapter of your life. Retirement isn’t just about stepping away from a career; it’s about stepping into a life that’s filled with purpose, joy, and fulfillment. Whether you’re counting down the days to retirement or just starting to plan, we’re here to help you not just survive, but thrive in your post-career years. In every episode, we’ll explore how you can make the most of this exciting time by setting new goals, pursuing passions that light you up, and building a legacy that truly reflects who you are. You’ll hear from award-winning authors, financial experts, influencers, and everyday people with inspiring stories. Together, we’ll uncover strategies for achieving financial independence, managing your wealth, and making decisions that support your dreams. We’ll cover everything from personal finance and investing to retirement readiness, taxes, and more. And it’s not just about the money—we’ll dive deep into the emotional and psychological aspects of retirement too. How do you maintain your mental and physical health, nurture relationships, and stay connected to your community? We’re here to help you design a lifestyle that keeps you engaged, curious, and excited about the future. And don’t forget to check out our bonus content every other week, where you’ll get to meet the incredible team of financial advisors at BFG Financial Advisors. We’ll share real stories from the frontlines of financial planning and give you insider tips on how to make your retirement dreams a reality. Retirement is not the absence of work—it’s the absence of needing to work. So, why not graduate into a life of purpose, passion, and financial freedom? Tune in to Don’t Retire… Graduate! and let’s make these years the best ones of your life. Subscribe now on your favorite podcast app and join us as we turn the page on traditional retirement and step into a life of limitless possibilities. I’m Eric Brotman—let’s get you graduated. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to a very special episode of Don't Retire... Graduate!: our finale. After five seasons, we're graduating from the podcast in order to take financial literacy education into a new format, with a new edition of the Don't Retire... Graduate! book releasing soon and our new financial wellness program taking off. Rounding out the show with a bang, we have Cara Macksoud of Money Habitudes here to talk about her journey from Wall Street trader to leading a company that helps people identify their financial biases and make positive changes in their habits. We'll explore the importance of being open-minded and empathetic towards clients with different attitudes and behaviors, as well as the gradual nature of habit change. Key takeaways: Financial security is important for a comfortable retirement transition. It involves having a certain level of income and assets to maintain a desired lifestyle. It's crucial to understand your money habits and attitudes, as they play a significant role in your financial decision-making. The Money Habitudes assessment helps individuals gauge where they fall along six domains and identify biases or areas for improvement. Money is relational and tied to associations such as family, culture, and community. Understanding the non-verbal messages and influences around money can help shape healthy money habits and attitudes. Giving and philanthropy can bring joy and satisfaction, and it's important to align your philanthropic efforts with your values and passions. Incorporating philanthropy into your financial plan can bring both status and personal fulfillment. Thank you to everyone who has supported this show over the last five years and allowed us to be part of your personal finance journey. Also, a special thank you to our executive producer Sara Lohse and our audio engineer Russ Riba for making this podcast happen. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s Office Hours, Eric answers Noah's question: “What can you tell someone in their 20s who is already worried about not being able to retire in the future?” This is a lot of stress to put on yourself so early in your life and career, but there are a few pieces of advice that Eric can share for you. Have a question? Tweet it to us at @BrotmanPlanning or post it on our Facebook and it may be used in a future episode of Office Hours! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don’t Retire… Graduate! On today's episode, we're getting personal and bringing in a member of the BFG family. Financial advisor Cody Niedermeier recently got married and is sharing his experience and advice for handling financial conversations before and after saying "I do." Even as a financial advisor, it can be hard to handle conversations around money within a relationship. Cody talks about dropping a whopping $15 on her plastic engagement ring (on top of the diamond one, of course), how he proposed, and the plans they have for the future. Communication and transparency are key when it comes to financial planning for couples. It is important to have open conversations about joint accounts, bill payments, and beneficiary designations to ensure that both partners are on the same page and have a clear understanding of their financial goals. When planning a wedding, it is advisable to save for the engagement ring rather than borrowing money. Using a credit card to purchase the ring means that the spouse is essentially paying for it, leading to unnecessary debt. The cost of weddings can vary greatly. It is crucial for couples to financially plan for their wedding and manage expectations. By understanding their budget and prioritizing expenses, couples can prevent financial strain and focus on what matters most to them. Geography plays a significant role in financial and legal matters. Couples should ensure that their estate planning documents are done in the state they are living in, as state laws differ. It is also important to consider insurance policies and beneficiary designations, especially when moving between different states. The importance of comprehensive financial planning cannot be overstated. From consolidating old retirement accounts to adjusting employee benefits, couples should seek guidance from financial advisors to help them navigate this complex process. This includes finding professionals for tax planning, legal matters, and other important areas to ensure a solid financial foundation for their marriage. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s Office Hours, Eric answers Olivia's question: “What advice would you give today that you wouldn't have expected to 10 years ago?” The advice does change over time, but with 30 years of experience as a financial advisor, it's clear that some of the basic fundamentals don't: paying yourself first and avoiding adverse debt. But economic conditions and products do change and there are things that we wouldn't have recommended a decade or even 5 years ago. Have a question? Tweet it to us at @BrotmanPlanning or post it on our Facebook and it may be used in a future episode of Office Hours! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don’t Retire… Graduate! On this episode we’re joined by Hassan Thomas, the creator of the FYI FLI (For Your Information Financial Literacy and Investing) app and host of the FYI FLI podcast.  He is here to share his story of beginning his entrepreneurial journey during a global recession, having to pivot a future after an injury, and growing a brand focused on teaching personal finance.  In this episode we’ll talk about: • Understanding your goals and finding someone who can help you achieve them is crucial. • Building a comfortable and goal-oriented working relationship with a coach is essential. • The internet has made information more accessible, allowing for self-education and learning new skills. • During times of economic uncertainty, having multiple income sources and financial literacy is important. • The current generation faces more financial challenges, with the need for multiple jobs and side hustles to support a family. • Financial education and applying knowledge can have an immediate and positive impact on personal finances. • Establishing an emergency fund (or peace of mind fund) in a high-yield savings account is an excellent starting point for financial stability. • Continual learning and progress in financial education can lead to life-changing opportunities and success. • Having a plan, taking action, and being prepared are key factors in progressing and achieving financial goals. • Understanding how recessions impact individuals and their finances is essential for making informed financial decisions. Visit dontretiregraduate.com for a full transcript of this episode. About Hassan Thomas: Hassan R. Thomas: the new face of emerging FinTech and the Founder of a new APP called FYI FLI (For Your Information, Financial Literacy & Investing), and the CEO of HRT Enterprises LLC.  @ceosanni @fyifli Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s Office Hours, Eric answers Charlotte's question: “What movie taught you the most about money?” Eric chose the movie The Ultimate Gift based on a book by Jim Stovall because of how it taught the value of money and how you can use it to make a difference. This is the opposite of one we often mention as more of a cautionary tale, which is Billy Madison. Have a question? Tweet it to us at @BrotmanPlanning or post it on our Facebook and it may be used in a future episode of Office Hours! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don’t Retire… Graduate! On this special 100th episode, we’re joined by Marika Stimac, a life coach dedicated to helping people improve their financial literacy and achieve their financial goals. Marika, who has written a book called "Keys to Financial Confidence: Unlock Your Best Life," shares valuable insights and actionable steps to create a positive financial legacy. Marika talks about the importance of bringing awareness to the impact of one's financial situation and shifting to a more positive mindset about money, highlighting that financial legacy is not just about leaving behind a large sum of money but also about the mindset and values that are passed down.  Join us to learn how you can be mindful about money and how your actions and words can influence others.  In this episode we’ll talk about: •Actions and words around money influence others in your life. •Shifting to a positive mindset about money can create a financial legacy. •Being mindful of how you handle money can potentially help others in their lives. •Financial legacy is not just about the amount of money one leaves behind, but also the mindset. •Leaving a financial legacy involves creating meaningful connections and thoughtful gestures. •Legacy is about leaving gifts of opportunity, experience, and influence for children, not just material possessions. •Mindset and habitual practices play a significant role in financial behaviors. •Identifying and understanding the origin of money stories can lead to healthier financial behaviors. •Overcoming money drama and reframing mindset is crucial for financial success. •Personalized investing aligned with your passions and goals can lead to meaningful financial growth. Visit dontretiregraduate.com for a full transcript of this episode. About Marika Stimac: I became a life coach with the intent of helping people unlock their best lives but quickly recognized how many people are held back by their financial insecurities. Now I am dedicated to empowering individuals to improve their financial literacy and feel confident in their ability to achieve their financial goals and live the life they desire. @thefinancialconfidencecoach  www.linkedin.com/in/marikastimac www.facebook.com/marikastimac www.pinterest.ca/thefinancialconfidencecoach/ www.thefinancialconfidencecoach.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s Office Hours, Eric answers Oliver's question: “What should I know about finances before I buy my first home?” Well done for thinking ahead! There are so many costs that go into home ownership that are different from renting, like maintenance, taxes, and furnishing. Listen to what Eric thinks is important to know before you make the purchase. Have a question? Tweet it to us at @BrotmanPlanning or post it on our Facebook and it may be used in a future episode of Office Hours! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Don’t Retire… Graduate! On this episode we’re joined by John Crane, a financial advisor and author of The One Number Budget.  In the episode, Eric and John share their dislike of traditional budgeting—which Eric less-than-affectionately calls the “B-word”—and go through John’s exercise of finding the “one number” you need for this new budgeting concept. In this episode we’ll talk about: •Budget shaming and why it’s harmful •Taking a lifetime approach to budgeting •What it means to find your number and how to do it •Importance of financially funded retirement •Avoiding financial vampires •Figuring out how to use accumulated wealth, create income, manage taxes, and avoid running out of money before running out of oxygen •The concept of human life value and why it matters •How Target has perfected the art of being a financial vampire and driving impulse purchases •spending for love and how it can hurt your finances •long term care insurance and how it can impact multigenerational planning About John Crane: Author, financial advisor, and retirement income planner John W. Crane has spent more than a decade providing personalized financial guidance to business professionals, corporate executives, and medical specialists, utilizing a comprehensive planning process to identify each client’s unique goals. He’s a member of the National Association of Insurance and Financial Advisors and has received top honors from the premier association of financial professionals, MDRT. A lifelong learner himself, John shares his expertise with students at hospitals and high schools throughout Washington, D.C. www.cranefinancial.com/ www.linkedin.com/in/johncrane/ Visit dontretiregraduate.com for a full transcript of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices