The Financially Mindful Podcast: Recent Episodes
Daniel James & Jim Grace
The Financially Mindful Podcast brings you expert insights to prepare you for life's unexpected events and planned milestones.
We aim to debunk some myths around retirement and financial planning, budgeting, long term care and other topics so you're mindful of the steps you can take to enjoy personal financial freedom.
In this episode Jim and Dan talk to mindfulness coach Derek Hagen about what mindfulness is and isn't as well as some practical ways to apply mindfulness to our financial lives.
About our Guest:
Derek Hagen, CFP®, CFA, CFT-I™, FBS®, CIPM is a certified mindfulness/meditation teacher and financial psychology expert specializing in meaning in life. He helps clients who feel stuck.
He supports financial health, mindset change, and intentional living by helping people understand their beliefs, values, and thinking patterns to help them live a life of meaning and purpose. He is a certified mindfulness and meditation teacher
He writes about the psychology of money and meaningful living using simple sketches on his Meaningful Money blog.
He has been featured in The Wall Street Journal, Nerd’s Eye View, Standard Deviations Podcast, Human Side of Money Podcast, Business Insider, and the Minneapolis Star Tribune.
Here are some links:
Website: www.meaningfulmoney.life
Mindfulness Course: www.meaningfulmoney.life/mindfulness
Blog and Newsletter: www.meaning.blog
Twitter: Silver Pine Capital, LLC. a registered investment advisory firm in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry and currently leads the firms flat fee only financial planning offering.
He most often helps busy, successful, professional couples with kids get organized, create meaningful goals and implement financial strategies designed at increasing their financial wellbeing. He is married, is a father to two young children and the son of two aging parents, and faces many of the same financial challenges that his clients and listeners do every day.
LinkedIn: James Grace
Director of Wealth Management, SilverPine Capital
Personal Blog: www.modernfinancialwellness.com
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
LinkedIn: Daniel James
Founder: CanopyLife
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode Dan and Jim talk to John Donlon owner of GoldCoast Mortgage about the current interest rate environment and whether or not now is still a good time to buy a home.
About our Guest:
John Donlon founded GoldCoast Mortgage in Beverly, MA way back in 1999. Since then he has helped thousands of individuals navigate the complex and sometimes anxiety inducing process of buying a home and obtaining a mortgage. He is a selfless resources to countless people on a regular basis who want to talk about their situation and educate themselves about the process of applying for a loan. Whether or not they are a first time home buyer or seasoned real estate investor. John is a problem solver, for those in a tough situation when a mortgage refinance or cash out might be a solution. He welcomes any opportunity to connect and chat. Links: GoldCoast MortgageCase-Shiller US National Home Price IndexDaniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital, LLC. a registered investment advisory firm in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry and currently leads Silver Pine’s financial planning and wealth management service offering. He is responsible for ensuring that the firm's clients are properly planning and have access to any and all resources and guidance available inside and outside of the organization when faced with making important financial decisions. He is married, is father to two young children and the son of two aging parents, and faces many of the same financial challenges that his clients and listeners do every day.
Stay Connected:
Daniel James
LinkedIn: Daniel James
Founder: CanopyLife
James V. Grace
LinkedIn: James Grace
Director of Wealth Management, SilverPine Capital
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode Dan and Jim talk to Financial Behavior Expert Neil Bage about how the human brain evolved to make decisions, the challenges we face as consumers in a modern world and how to eliminate some of the stress and anxiety around making financial decisions.
About our Guest:
Neil is an expert at bridging complex behavioral science with practical, tech-enabled application. He has served as a Chief Behavioral Officer for a UK-based financial planning firm and was the founder of an award-winning behavioral technology business. He has presented to thousands of business professionals around the world on human evolution, human biology, and behavioral psychology. Links:Twitter: @neilbage @shapingwealthShaping Wealth: www.shapingwealth.com Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital, LLC. a registered investment advisory firm in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry and currently leads Silver Pine’s financial planning and wealth management service offering. He is responsible for ensuring that the firm's clients are properly planning and have access to any and all resources and guidance available inside and outside of the organization when faced with making important financial decisions. He is married, is father to two young children and the son of two aging parents, and faces many of the same financial challenges that his clients and listeners do every day.
Stay Connected:
Daniel James
LinkedIn: Daniel James
Founder: CanopyLife
James V. Grace
LinkedIn: James Grace
Director of Wealth Management, SilverPine Capital
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode Dan and Jim talk to clinical psychologist Dr. Joy Lere about why money can be such an emotional subject to talk about and a few things we can all do to make it a little easier.
About our Guest:
Dr. Joy Lere is a licensed clinical psychologist and co-founder of Shaping Wealth. She has held research and clinical positions at Penn Medicine Princeton Health, Children's National Medical Center, and the Department of Defense and has served as an Assistant Clinical Professor in Clinical Psychology at George Washington University. She earned her Psy.D. at George Washington University.
Links: Substack: https://joylere.substack.com/ Twitter: @joylerepsyd Linked In: Joy Lere, Psy.D. Shaping Wealth: www.shapingwealth.com Website: www.joylere.com Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital, LLC. a registered investment advisory firm in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry and currently leads Silver Pine’s financial planning and broader wealth management service offering. He is responsible for ensuring that the firm's clients are properly planning and have access to any and all resources and guidance available inside and outside of the organization when faced with making important financial decisions. He is married, is father to two young children and the son of two aging parents, and faces many of the same financial challenges that his clients and listeners do every day.
Stay Connected:
Daniel James
LinkedIn: Daniel James
Founder: CanopyLife
James V. Grace
LinkedIn: James Grace
Director of Wealth Management, SilverPine Capital
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode Dan and Jim talk to personal finance expert Brian Portnoy about why meaning and purpose are so important to consider when planning and investing.
In this episode Dan and Jim talk with Brittany Melville about the different types of alternative investments that can be used to fund a Self Directed IRA.
In this episode Dan and Jim talk with Kate Grondin, VP of Business Development at Wayforth the nation's largest senior focused relocation company.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital, LLC. a registered investment advisory firm in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry and currently leads Silver Pine’s financial planning and broader wealth management service offering. He is responsible for ensuring that the firm's clients are properly planning and have access to any and all resources and guidance available inside and outside of the organization when faced with making important financial decisions. He is married, is father to two young children and the son of two aging parents.
About our Guest:
Kate Grondin
Kate Grondin is the VP of Business Development at Wayforth. Wayforth is the nation's largest senior-focused relocation company, serving clients with compassion & efficiency.
Stay Connected:
Wayforth:
Wayforth.com
1-844-WAYFORTH
Daniel James
LinkedIn: Daniel James
Founder: CanopyLife
James V. Grace
LinkedIn: James Grace
Director of Wealth Management, SilverPine Capital
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode Dan and Jim talk with Pat Bennett, President of Longevity Planning, about the importance of Long Term Care planning as we age. Pat helps Dan and Jim understand the long term care industry and how it has evolved over the years as well as the different types of insurance coverage available to people interested in protecting their assets should a long term care need arise.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital, LLC. a registered investment advisory firm in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry and currently leads Silver Pine’s financial planning and broader wealth management service offering. He is responsible for ensuring that the firm's clients are properly planning and have access to any and all resources and guidance available inside and outside of the organization when faced with making important financial decisions. He is married, is father to two young children and the son of two aging parents.
About our Guest:
Patricia Bennett
Patricia Bennett is President of Longevity Planning in Portsmouth, NH. Pat is a Certified Long Term Care counselor with over thirty years of experience in insurance planning and she specializes in long term care planning and design.
Her holistic approach involves working closely with legal, tax and financial advisors to tailor the most innovative, cost-effective and tax efficient plans for her clients. As someone with personal experience as a family caregiver, Pat is very aware of the emotional and financial dynamics involved in long term care planning. Her desire is to help families have access to the highest quality of care, freedom of choice and peace of mind.
Stay Connected:
Daniel James
LinkedIn: Daniel James
Founder: CanopyLife
James V. Grace
LinkedIn: James Grace
Director of Wealth Management, SilverPine Capital
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast, Pranav Khanna, VP of Product - Identity Services at Capital One, shares his experience in building products designed to protect consumers from identity theft, and the steps you can take to ensure you don't fall victim to an increasingly common crime. Pranav, Dan and Jim discuss the difference between identity theft and transaction fraud, the tools you can use to protect your personally identifiable information, and how you can ensure your vulnerable family members don't fall victim to phishing scams in this episode of The Financially Mindful Podcast.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital, LLC. a registered investment advisory firm in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry and currently leads Silver Pine’s financial planning and broader wealth management service offering. He is responsible for ensuring that the firm's clients are properly planning and have access to any and all resources and guidance available inside and outside of the organization when faced with making important financial decisions. He is married, is father to two young children and the son of two aging parents.
About our Guest:
Pranav Khanna is currently VP of Product, Identity Service at Capital One, and manages a team responsible for digital identification, enrollment and authentication for new and existing customers.He previously led the Fraud UX and ML team, and oversaw development of Capital One's CreditWise credit-monitoring product, having also worked within the credit business. Pranav is a contributor to Product Coalition, and worked for Booz Digital as a consultant after graduating from Kellogg School of Management with an MBA. He also has a BS In Chemical Engineering from IIT in Delhi.
Insight from this episode:
- What are the differences between identity theft and transaction fraud, and what should you look out for?
- What is the impact of identity theft, and how can you use a credit freeze and other tools to prevent becoming a victim?
- What steps can you take to protect yourself and vulnerable family members from phishing scams online and over the phone.
- What protection is offered by password managers and multi-factor authentication (MFA)?
- How can you be mindful of "learned helplessness" and be more proactive about protecting your identity?
- What resources are available to help you counter identity theft?
Resources
Identitytheft.gov - the official government site for identity theft resources and reporting
Stay Connected:
Daniel James
LinkedIn: Daniel James
Founder: CanopyLife
James V. Grace
LinkedIn: James Grace
Director of Wealth Management, SilverPine Capital
Pranav Khanna
LinkedIn: Pranav Khanna
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast, Mike Troxell of Modern Financial Planning shares his expertise in advising clients who have received company equity (stock options) as compensation. He describes the different types of stock options commonly awarded and how he helps clients determine what to do with them. Mike, Dan and Jim discuss not only the financial and tax implications of handling equity compensation but the psychological and emotional components of the decision making process as well. If you have equity or stock options in the company you work for you’ll benefit from listening to this episode of The Financially Mindful Podcast.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital, LLC. a registered investment advisory firm in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry and currently leads Silver Pine’s financial planning and broader wealth management service offering. He is responsible for ensuring that the firm's clients are properly planning and have access to any and all resources and guidance available inside and outside of the organization when faced with making important financial decisions. He is married, is father to two young children and the son of two aging parents.
About our Guest:
Mike Troxell is the founder of Modern Financial Planning in Oakland, CA. Modern FP is a fee only registered investment advisory firm and Mike holds a CPA designation with a background in taxation. Prior to starting his own firm he worked at a wealth management firm managing close to $5 billion, personally working with approximately $250 million. He graduated from Northeastern University with a BS in Business Administration while obtaining a dual-concentration in finance and accounting. He served on the executive board for the Financial Planning Association of San Francisco and resides in Northern California with his wife and two children.
Insight from this episode:
- What are the different types of equity compensation typically awarded to employees
- The common considerations in determining what to do with them
- What NOT to do if you have stock options
- How to handle some of the emotional aspects of making an equity compensation decision
- Tips on how to think about equity as part of your overall financial plan and “goals based” investment strategy
Stay Connected:
Daniel James
LinkedIn: Daniel James
Twitter:@DanielHJames
James V. Grace
LinkedIn: James Grace
Mike Troxell
LinkedIn: Mike Troxell
mike@modernfp.com
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast, Rick Peck, of the New Hampshire Charitable Foundation, shares his insights into the non-profit landscape. He explains the different types of nonprofit organizations and what differentiates a community based foundation like the NH Charitable Foundation. He explains what a “Donor Advised Fund” is and how to take advantage. Dan and Jim discuss with Rick non-cash assets that people can give to a non-profit that they might not be aware of. And Rick shares his thoughts on how someone might start to think about giving, what is most important to them and their legacy. If you are interested in charitable giving you’ll benefit from listening to this episode of The Financially Mindful Podcast.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital, LLC. a registered investment advisory firm in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry and currently leads Silver Pine’s financial planning and broader wealth management service offering. He is responsible for ensuring that the firm's clients are properly planning and have access to any and all resources and guidance available inside and outside of the organization when faced with making important financial decisions. He is married, is father to two young children and the son of two aging parents.
About our Guest:
Richard Peck is the VP for Development and Philanthropy Services at The New Hampshire Charitable Foundation overseeing all aspects of development, donor engagement, and donor services. NH Charitable is one of the largest community based foundations in the country. Rick is an advocate for philanthropy, charitable giving and community based foundations, not just in NH but throughout the country.
Insight from this episode:
- What are the different types of non-profit organizations and charitable foundations
- What are the different ways in which one can give to a non profit organization
- What other assets besides cash can someone gift and some of the mechanics around those transactions
- What is a donor advised fund and who may benefit
- How to start thinking about giving and aligning what means the most to you to your overall charitable plans
Quotes from the show:
- “About 50% of the new funds set up each year are donor advised funds at the foundation, 40% of our assets or so are donor advised fund assets. And about 50% of the grants to go out each year are from donor advised funds, so very much the dominant fund.” –Rick Peck The Financially Mindful Podcast Ep. #10 (19:19)
-
“Disasters do bring out the best in donors. They step forward. They say, how can I help? What can I do?” –Rick Peck The Financially Mindful Podcast Ep. #10 (26:42)
-
“I'm very passionate about saying to non-profits, look at your other options. You might be short changing yourself by only soliciting for cash gifts. I mean, there's so much opportunity there for these nonprofits to approach their top 10, top 20 donors and say what kinds of assets would you present to us or what can we help.” –Rick Peck The Financially Mindful Podcast Ep. #10 (45:05)
-
“So what we try to do with people is say, what do you want to do? What do you care about? Just take a deep breath and step back and just think about the things that mean the most to you.” –Rick Peck The Financially Mindful Podcast Ep. #10 (50:06)
-
“It's a joy of giving. It's looking at what legacy means and saying when you're not here anymore, what do you want your family to be known for? What do you want to be known for? What do you feel like is important?” -Rick Peck The Financially Mindful Podcast Ep. #10 (51:34)
Stay Connected:
Daniel James
LinkedIn: Daniel James
Twitter:@DanielHJames
James V. Grace
LinkedIn: James Grace
Rick Peck
LinkedIn: Rick Peck
rp@nhcf.org
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast, Co-Founder and CEO of Own Up, a mortgage marketplace, Patrick Boyaggi explains what consumers need to know to go into the mortgage lending process with their eyes wide open. Taking out a mortgage is a financial decision that should require thought, time, and energy. Patrick gives insider tips and information on how to educate yourself, including taking advantage of the moving parts to feel like you have a good rate and can afford your mortgage down the line, in this episode of The Financially Mindful Podcast.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry, leading Silver Pine’s financial planning and broader wealth management service offering. He has worked for MetLife and has managed for First Niagara (LPL Financial) and United Northeast Financial Advisors (Infinex Investments). He is father to two children.
About our Guest:
Patrick Boyaggi is Co-Founder and CEO of Own Up, a tech company that is changing the way consumers shop for and secure a mortgage. As a former Senior Vice President at Leader Bank, Boyaggi founded Own Up in 2016 with the belief that everyone should understand their mortgage. Own Up lets its users shop in an unbiased, simple to use, transparent marketplace of top lenders.
Insight from this episode:
- Insider information from a former loan originator that you can use to empower yourself in this huge financing decision.
- Details on the various interests and incentives that might impact your search for the best rates and terms in your mortgage search.
- Considerations outside of the interest rate that consumers should be aware of.
- Benefits of working with an independent advisor that knows your specific financial situation and you can trust.
Quotes from the show:
- “At the end of the day, lending is about fit. Not every lender is right for every borrower, and not every lender is right for every property type.” –Patrick Boyaggi The Financially Mindful Podcast Ep. #9 (11:03)
- “What this industry allows for is for consumers to get overcharged by a quarter of a percent or half a percent, and that may not seem like a lot, but when you translate that into absolute dollars, it’s really impactful to people.” –Patrick Boyaggi The Financially Mindful Podcast Ep. #9 (13:20)
- “There are about 26,000 mortgage lenders across the country. It’s really difficult to know where to even start.” –Patrick Boyaggi The Financially Mindful Podcast Ep. #9 (19:48)
- “Just because it’s a complex transaction, and just because you don’t do it very frequently, doesn’t mean you should just be apathetic though. It doesn’t mean you should just go with the very first person you get connected with.” –Patrick Boyaggi The Financially Mindful Podcast Ep. #9 (22:10)
- “The decision on whether to become a homeowner or not is much grander than just the rate.” –Patrick Boyaggi The Financially Mindful Podcast Ep. #9 (34:33)
- “The parties that have access to that information, their motivation is to not share it with you because they benefit from the asymmetry of information.” –Patrick Boyaggi The Financially Mindful Podcast Ep. #9 (44:22)
- “There’s very real dollars embedded all over the place on both sides of the transaction that we didn’t have the time to dive too deeply into… there was probably a little bit somewhere that we could’ve picked up if that had had a little more time or a little more access to better information. It’s so important that people take the time that the transaction warrants.” –Jim Grace The Financially Mindful Podcast Ep. #9 (52:21)
- “Inform yourself. Become empowered with information. Do what’s in your best interest, not what’s in the best interest of anyone else involved in this transaction.” –Patrick Boyaggi The Financially Mindful Podcast Ep. #9 (1:02:50)
Stay Connected:
Daniel James
LinkedIn: Daniel James
Twitter:@DanielHJames
James V. Grace
LinkedIn: James Grace
Patrick Boyaggi
Website: https://www.ownup.com/
LinkedIn: Patrick Boyaggi
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast learn from the playbook of Mark Pearlstein, career real estate investor and founder of Metro Realty. You’ve probably heard about the opportunities on the horizon in the real estate market. Is now the time to make your move? Get insider tips from Mark on how to make the best investment decisions, add value to your properties, and even finance your initial investment. Mark covers the risks and rewards of the market in this episode of The Financially Mindful Podcast.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry, leading Silver Pine’s financial planning and broader wealth management service offering. He has worked for MetLife and has managed for First Niagara (LPL Financial) and United Northeast Financial Advisors (Infinex Investments). He is father to two children.
About our Guest:
Mark Pearlstein is the Founder and Executive Advisor of Metro Realty, a boutique realtor of the Greater Boston area. Mark started his 30+ year career as a rental agent and went on to start Metro Realty. He owns his own rental units, which turned into investing, owning, and operating multiple multi-unit buildings throughout the country. Mark also has experience with single family homes and Airbnb vacation rentals.
Insight from this episode:
- Mark’s principles of real estate investing to earn strong returns even in the competitive market.
- Details on the impact of COVID on the real estate and rental market.
- Secrets to thinking outside the box and differentiating yourself from other buyers.
- Resources for making informed evaluations before making any real estate decisions and pitfalls new investors should avoid.
- Qualities you have to look for in a real estate broker to find the right fit.
Quotes from the show:
-
“It really takes this kind of adversity to really create opportunity. And this to me is a once-in-a-lifetime-- or will be in the next year or two-- opportunity to get into and invest in real estate.” –Mark Pearlstein The Financially Mindful Podcast Ep. #8 (13:12)
-
“The old adage: location, location, location, is the truest form… The first thing you want to do is pick the best location.” –Mark Pearlstein The Financially Mindful Podcast Ep. #8 (18:02)
-
“But the beautiful thing about property is it’s brick and mortar. It’s real. Real property, its history, its character.” –Mark Pearlstein The Financially Mindful Podcast Ep. #8 (19:55)
-
“The soundness of the association if you’re buying a condo is extremely important… You got to do your homework.” –Mark Pearlstein The Financially Mindful Podcast Ep. #8 (26:17)
-
“The owner occupancy is the number one concern I would have. I would never buy a condo in a building that was all investors unless I was going to buy most of the units in there of course.” –Mark Pearlstein The Financially Mindful Podcast Ep. #8 (28:54)
-
“When I buy something, I want to buy it based on the income value… when you go to sell, you want to sell based on a per unit basis.” –Mark Pearlstein The Financially Mindful Podcast Ep. #8 (33:24)
-
“If you wanted to buy a couple of units, you want to try to diversify just like a stock portfolio.” –Mark Pearlstein The Financially Mindful Podcast Ep. #8 (35:08)
-
“The right deal is as important... as finding a house you love… It’s more important, when things go south, that you feel that you’re in a proper investment with a piece of real estate.” –Mark Pearlstein The Financially Mindful Podcast Ep. #8 (37:47)
-
“Follow the market, so that you can walk into a property and buy this property while your competitor is sitting behind his desk with his computer trying to figure out what it’s worth.” –Mark Pearlstein The Financially Mindful Podcast Ep. #8 (43:17)
-
“Pick a location, learn the location, and save your money.” –Mark Pearlstein The Financially Mindful Podcast Ep. #8 (52:02)
Stay Connected:
Daniel James
LinkedIn: Daniel James
Website: CanopyLife
James V. Grace
LinkedIn: James Grace
Website: Silver Pine Capital
Mark Pearlstein
Website: https://www.metrorealtycorp.com/
LinkedIn: Mark Pearlstein
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast, Cathleen Toomey of the RiverWoods Group of Continuing Care Retirement Communities (CCRCs) is here to get rid of the stigma of retirement communities. Residents enter CCRCs when they are independent and can age comfortably in place. With financial benefits, like tax deductibility, along with quality of life considerations CCRCs could be a great option for aging parents or even yourself. Cathleen covers different types of CCRCs, who can join and when, what it might cost, how to start the conversation with an aging parent and more in this episode of The Financially Mindful Podcast.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry, leading Silver Pine’s financial planning and broader wealth management service offering. He has worked for MetLife and has managed for First Niagara (LPL Financial) and United Northeast Financial Advisors (Infinex Investments). He is father to two children.
About our Guest:
Cathleen Toomey is the Vice President of Marketing at the RiverWoods Group, northern New England’s largest family of Continuing Care Retirement Communities (CCRCs). Cathleen oversees the brand positioning, advertising, marketing initiatives and sales for all RiverWoods Group communities. With three separate campuses, comprising 400 homes, RiverWoods maintains high occupancy and a strong financial track record.
Insight from this episode:
- Reasons why you should consider aging in place at a CCRC, including financial and social-emotional advantages.
- Details on what life in a CCRC is really like and all the options available to you.
- Benefits for the extended family when someone transitions into a CCRC.
- The impact that the “silver tsunami” will have on the aging industry and your family.
- Reflections on independence and how the concept of independence changes as we age.
Quotes from the show:
-
“We look like a beautiful retirement community… but we’re not. We are an insurance product.” –Cathleen Toomey The Financially Mindful Podcast Ep. #7 (9:19)
-
“The government considers when you’re in a CCRC that you are pre-paying your future health care, so a portion of your monthly fee and a portion of your entrance fee is written off on your taxes.” –Cathleen Toomey The Financially Mindful Podcast Ep. #7 (12:16)
-
“The people who are coming are either, one, planners, they want to know ahead of time if I need help, I want to know who’s going to give it to me, what it’s going to cost and where I’m going to get it. Or, they’re people on the second camp that have had the experience of dealing with their parents who have become ill and moved in with them or they stepped out of their career for their parents, and they don’t want to do the same thing to their children. A lot of people describe this as this is a gift to my children.” –Cathleen Toomey The Financially Mindful Podcast Ep. #7 (15:16)
-
“The amount of time you literally talk to people at age 80 versus age 50 drops in half. Then if you live alone, it’s even more dramatic.” –Cathleen Toomey The Financially Mindful Podcast Ep. #7 (23:17)
-
“Regardless of how you cut it, it’s much more affordable than finding out that you require care and then going out later in life and trying to private pay or use long-term care insurance when you need it.” –Jim Grace The Financially Mindful Podcast Ep. #7 (37:37)
-
“It’s easy for you to put things off and ignore things until they become a crisis.” –Cathleen Toomey The Financially Mindful Podcast Ep. #7 (44:06)
-
“When you’re in your 70s or 80s, you want to decide how that next portion of your life is going to look. That’s independence. I made a plan for whatever’s going to happen.” –Cathleen Toomey The Financially Mindful Podcast Ep. #7 (48:46)
Resources Mentioned
Leading Age
Stay Connected:
Daniel James
LinkedIn: Daniel James
Website: CanopyLife
James V. Grace
LinkedIn: James Grace
Website: Silver Pine Capital
Cathleen Toomey
Website: https://www.riverwoodsgroup.org/
LinkedIn: Cathleen Toomey
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast, Todd Weaver of Strategies for College, Inc. shares his advice on the complex and sometimes overwhelming process of college planning. Todd covers financial aspects of getting ready for college, such as Expected Family Contributions and 529s, as well as the myriad of other factors that go into choosing the right college. If you have school-aged children of any age, get the maximum return on your investment into education with tips from this episode of The Financially Mindful Podcast.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry, leading Silver Pine’s financial planning and broader wealth management service offering. He has worked for MetLife and has managed for First Niagara (LPL Financial) and United Northeast Financial Advisors (Infinex Investments). He is father to two children.
About our Guest:
Todd Weaver is an Advisor and the Vice President of Business Development at Strategies for College, Inc., where he helps families discover where they are unknowingly and unnecessarily leaking money. Their goal is to provide structure and guidance by creating a “game plan” for students and families from getting into college, to paying for it and getting out on time!
Insight from this episode:
- Advice on how to best plan, save, and start the right conversations early.
- How to know if a 529 is the best option for your family and how to best leverage this investment and avoid downfalls.
- Tools to help you estimate costs of college.
- Details about the changing market of education.
- Benefits of taking a holistic view on your student’s college education and rethinking “name brand” tunnel vision.
Quotes from the show:
-
“Families just don’t know what’s out there. They don’t understand how the system works-- typically against them, sometimes for them-- but how to take advantage of all the rules and regulations that are right there.” –Todd Weaver The Financially Mindful Podcast Ep. #6 (6:45)
-
“It’s better to save for perhaps a year of college, or year and half or two, and then work with the system to build the scholarships, build the other options that families might have access to, so that they can still live their lives.” –Todd Weaver The Financially Mindful Podcast Ep. #6 (9:25)
-
“The formulas are expecting the families to go into debt, but the families can choose how much they want to go into debt. –Todd Weaver The Financially Mindful Podcast Ep. #6 (14:50)
-
“The challenge, of course, is this is such an emotional decision for so many students and families… Things are not actually the way they present in the marketing material.” –Todd Weaver The Financially Mindful Podcast Ep. #6 (21:28)
-
“You’ve got to look at education as an on-going process and part of your on-going career development.” –Dan James The Financially Mindful Podcast Ep. #6 (23:02)
-
“Most admissions people that I speak with today are looking for students who are really passionate about the things they want to do and love.” –Todd Weaver The Financially Mindful Podcast Ep. #6 (28:23)
-
“Who’s fully funded for retirement? Nobody. So you got to take care of yourselves first. You don’t want to become a financial burden on your children later in life.” –Todd Weaver The Financially Mindful Podcast Ep. #6 (32:09)
-
“When money is saved in the student’s name, it’s counted pretty heavily against them in the financial aid formulas.” –Todd Weaver The Financially Mindful Podcast Ep. #6 (33:05)
-
“In the end, it’s all about making sure your student is happy because a happy student will be a successful student no matter where they go.” –Todd Weaver The Financially Mindful Podcast Ep. #6 (49:30)
Stay Connected:
Daniel James
LinkedIn: Daniel James
Website: CanopyLife
James V. Grace
LinkedIn: James Grace
Website: Silver Pine Capital
Todd Weaver
Website: https://www.strategiesforcollege.com/
LinkedIn: Todd Weaver
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast, entrepreneurs and small business owners get expert advice from TPA Valerie McClendon of FuturePlan on how you can become more conscious of your retirement plan options and how to maximize your benefits in compliance with IRS laws. Valerie offers new ways to think about options including SEPs, SIMPLEs, 401(k)s, Solo 401(k)s, and Defined Benefit Plans. If you are doing well as a small business owner or as a self-employed individual with 1099 income, review your current retirement plan and consider some of the more advanced strategies discussed in this episode of The Financially Mindful Podcast.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry, leading Silver Pine’s financial planning and broader wealth management service offering. He has worked for MetLife and has managed for First Niagara (LPL Financial) and United Northeast Financial Advisors (Infinex Investments). He is father to two children.
About our Guest:
Valerie McClendon is a qualified plan design and IRS compliance expert with QBI Ascensus FuturePlan. FuturePlan is the largest third party administration provider, where Valerie works with employers to set up and administer 401(k), 403(b), Profit Sharing, Cash Balance, and Solo Defined Benefit plans in compliance with all IRS and Department of Labor rules and regulations. She has over 20 years experience in retirement plan consulting.
Insight from this episode:
- Tips to boost your retirement with details on different tiers of retirement plans and the benefit and drawbacks of each.
- Valerie’s recommendations for the best retirement options for a variety of scenarios.
- Strategies for weighing the costs of various retirement plans and how to maximize your cost efficiency.
- Tax savings strategies and the factors that impact what an employer needs to contribute to employees’ 401(k)s.
Quotes from the show:
-
“Knowledge is power, so understand what your options are because it’s not just about the tax deductions, it’s also about that retirement security… it’s important not to lose sight of contributing to that retirement part even as you think you’re investing in the business.” –Dan James The Financially Mindful Podcast Ep. #5 (11:35)
-
“As income grows, and as the business grows, you want to maximize what it is you’re doing for your own retirement as the business owner, but you also have these other considerations. So we need to take care of our employees-- what does that mean for you?” –Jim Grace The Financially Mindful Podcast Ep. #5 (16:25)
-
“So many employers just want to select a plan and don’t want to think about it, and they do not realize that their demographics [age and income of the employee base and employer] play a huge role in picking the right type of plan for them.” –Valerie McClendon The Financially Mindful Podcast Ep. #5 (20:43)
-
“There’s so many tools that the IRS gives us, and it’s having these conversations to get employers to realize what is available to them.” –Valerie McClendon The Financially Mindful Podcast Ep. #5 (25:43)
-
“SEPs and SIMPLEs are very straightforward. They don’t take that time [until retirement] into consideration. They don’t take the concept of compounding years until retirement into consideration [like qualified retirement plans, like 401(k)s, do]. –Valerie McClendon The Financially Mindful Podcast Ep. #5 (27:07)
-
“If you pay some over here to your employees and the administration-- if the numbers work-- you’re going to far outweigh with the benefit for yourself for your own retirement and a reduction in your own taxes.” –Jim Grace The Financially Mindful Podcast Ep. #5 (30:50)
-
“Maxing out in a 401(k) means getting all the way up to that $57,000 limit, or $63,500 if they’re over 50.” –Valerie McClendon The Financially Mindful Podcast Ep. #5 (35:00)
Stay Connected:
Daniel James
LinkedIn: Daniel James
Website: CanopyLife
James V. Grace
LinkedIn: James Grace
Website: Silver Pine Capital
Valerie McClendon
Website: Valerie McClendon
Email: valerie.mcclendon@ascensus.com
Phone: 978-906-5180
LinkedIn: Valerie McClendon
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast, Eric Lazzari of Baystate Fiduciary Advisors joins Dan and Jim to cover the often overlooked ins and outs of what might be your largest asset: your 401(k). Eric shares what employees need to know about enrollment, savings rates, allocations, target date funds, 401(k) loans, and more. If you have your 401(k) on “set and forget” mode, this episode of The Financially Mindful Podcast might have you reconsider!
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry, leading Silver Pine’s financial planning and broader wealth management service offering. He has worked for MetLife and has managed for First Niagara (LPL Financial) and United Northeast Financial Advisors (Infinex Investments). He is father to two children.
About our Guest:
Eric Lazzari is Accredited Investment Fiduciary at Baystate Fiduciary Advisors, where he assists plan sponsors in the implementation of fiduciary best practices in 401(k) and 403(b) plans. With over 20 years in the business, Eric works with businesses to make sure they have the right types of plans in place and to help employees enroll and make investment decisions.
Insight from this episode:
- Best practices of 401(k) investing at any age or risk tolerance.
- Strategies on setting up an initial allocation strategy, including details to help you understand target date retirement funds.
- Tips if you are thinking of actively managing your 401(k) and how to know if this is the right path for you.
- How to advocate for yourself to get the best 401(k) plan options from your employer.
- The Dos and Don'ts of taking out a loan from your 401(k).
Quotes from the show:
-
“Where am I on my path, my journey, to becoming financially secure, and am I taking full advantage of this plan that’s available to me and saving enough to get me to where I want to go?” –Eric Lazzari The Financially Mindful Podcast Ep. #4 (6:00)
-
“3% is not enough for anyone to retire. We want participants to save for 10% for at least 25 years, and you’re going to be in good shape.” –Eric Lazzari The Financially Mindful Podcast Ep. #4 (7:57)
-
“Am I on track to where the rule of thumb says I’m supposed to be? If I’m not, you need to start doing more. You need to save more. You can be a little more aggressive. You can change your target date from the year you turn 65 to the year you turn 70.. There’s certain steps you can take to get back on track but not get discouraged.” –Eric Lazzari The Financially Mindful Podcast Ep. #4 (10:00)
-
“20 years ago, we didn’t realize we needed to save this much in our 401(k) plans, so people are behind the 8 ball if you’re in your 40s, 50s, 60s.” –Eric Lazzari The Financially Mindful Podcast Ep. #4 (10:25)
-
“The more you can get involved in something, the better… You don’t have to take what you have and just deal with it. They can become advocates for themselves as well.” –Eric Lazzari The Financially Mindful Podcast Ep. #4 (29:24)
-
On 401(k) loans: “If they put the terms and conditions into it like they do a retail loan, you’d probably not agree to it.” –Eric Lazzari The Financially Mindful Podcast Ep. #4 (35:26)
-
“When it comes to finances, people say I’ll do it myself… It’s one of the few areas that people skimp and save, and yet there’s a reason there are people who are experts in this space, there’s a reason why it’s actually sometimes worth paying a little bit more to get access to that expertise.” –Dan James The Financially Mindful Podcast Ep. #4 (38:00)
-
“Open the statement. Take a look. Ask the questions, how am I invested? How much am I saving? It is our responsibility now to save for and plan for retirement, and this is the vehicle that all of us have to do so.” –Jim Grace The Financially Mindful Podcast Ep. #4 (39:03)
Stay Connected:
Daniel James
LinkedIn: Daniel James
Website: CanopyLife
James V. Grace
LinkedIn: James Grace
Website: Silver Pine Capital
Eric Lazzari
Website: https://www.bfa401k.com/team/eric-lazzari
Phone: (866) 411-401k
Email: elazzari@bfa401k.com
LinkedIn: Eric Lazzari
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast, Reverend Libby Boatwright, Palliative and Outpatient Chaplain for Stanford Health Care and author of The Last Things We Talk About, shares her wealth of experience in end of life and legacy planning, touching on advanced directives, inventories, and legacy conversations. What is end of life planning? Where do I start? How can I help my family prepare financially for end of life? These questions and more are answered in this episode of The Financially Mindful Podcast.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry, leading Silver Pine’s financial planning and broader wealth management service offering. He has worked for MetLife and has managed for First Niagara (LPL Financial) and United Northeast Financial Advisors (Infinex Investments). He is father to two children.
About our Guest:
Rev. Libby Boatwright is Chaplain for Outpatient Oncology Palliative Medicine for Stanford Health Care in Palo Alto, California. With a financial planning certification, Dr. Boatwright desires to be a catalyst for fiscally responsible and sustainable change in care systems involving community, medical, and spiritual centers. She is the author of The Last Things We Talk About: Your Guide to End of Life Transitions, an upcoming book about figuring out what brings you meaning and purpose and how to plot a fiscally feasible path to get there.
Insight from this episode:
- Dr. Boatwright’s expert advice and recommendations for end of life planning, from the legal and practical to emotional and spiritual.
- Strategies to starting the end of life planning conversation with loved ones and deciding on the most appropriate plan.
- How to “have your house in order” and prepare for end of life and legacy planning before it is too late.
- Details on what needs to be taken care of first in the case of an unexpected medical event.
Quotes from the show:
-
“Let them start the conversation. Let them be the person that’s going to manage their own life. It may not be what you agree with, but let them speak anyway… The conversation is tough, but it needs to begin.” –Libby Boatwright The Financially Mindful Podcast Ep. #3 (6:33)
-
“We don’t know the time, or the day, that this will happen, so before that does happen, can we get everything in order so your family isn’t going through a treasure hunt.” –Libby Boatwright The Financially Mindful Podcast Ep. #3 (13:06)
-
“You have to ask that question, what happens if I’m not here? What would they look for?” –Libby Boatwright The Financially Mindful Podcast Ep. #3 (15:12)
- “The uncertainty of life has made it very clear that we need to plan ahead.” –Libby Boatwright The Financially Mindful Podcast Ep. #3 (16:11)
- “Once you get [your end of life plan] done, you can go on and live your life.” –Libby Boatwright The Financially Mindful Podcast Ep. #3 (22:48)
- “You have to somehow prepare yourself for the sticker shock. And my feeling is the best thing you can do is think ahead of time, this is what I will tolerate, this is what I will not do. And if going cost me this much, is my life really worth putting my family in debt or can I just say I’m done?” –Libby Boatwright The Financially Mindful Podcast Ep. #3 (31:52)
Resources Mentioned
Libby Boatwright’s The Last Things We Talk About: Your Guide to End of Life Transitions
StoryWorth
Stay Connected:
Daniel James
LinkedIn: Daniel James
Website: CanopyLife
James V. Grace
LinkedIn: James Grace
Website: Silver Pine Capital
Libby Boatwright
LinkedIn: Libby Boatwright
Facebook: Libby Boatwright
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast, Amanda Mulhall, an estate planning attorney specializing in young families, joins Dan and Jim to discuss what you need to know about estate planning and why it’s important to fight through your discomfort in order to have a proper estate plan, a true gift for your loved ones. Through the power of reframing an estate plan as “Plan B,” Amanda and our hosts will share key tips in the areas of guardianship, beneficiaries, probate court, and many more in this episode of The Financially Mindful Podcast.
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry, leading Silver Pine’s financial planning and broader wealth management service offering. He has worked for MetLife and has managed for First Niagara (LPL Financial) and United Northeast Financial Advisors (Infinex Investments). Jim graduated from Bryant University and is father to two children.
About our Guest:
Amanda Mulhall is an estate planning attorney in Natick, Massachusetts. Dubbed “The Young Family’s Estate Planner,” her practice focuses on working with families with young children and children with disabilities, as well as probate and estate administration for those families who have lost a loved one. Amanda is a graduate of Boston University and New England Law Boston.
Insight from this episode:
- Details on what exactly is an estate and an estate plan, and why every family should have one.
- Amanda’s Top 3 Estate Planning Must-haves to create an estate plan that reflects your care for your loved ones.
- Benefits of having a financial advisor, or team of advisors, to secure a proper estate plan and tips for knowing how much to spend on your estate plan.
- How to ensure, via your estate plan, that your children will be taken care of through to adulthood.
Quotes from the show:
- “When you mix grief and money, that tends to cause people to act in a way you wouldn’t necessarily expect them to.” –Amanda Mulhall The Financially Mindful Podcast Ep. #2 (5:10)
-
“When you have little kids… the issues can become a bit overwhelming and almost so dark that it becomes paralyzing.” –Amanda Mulhall The Financially Mindful Podcast Ep. #2 (6:32)
-
“No one has ever had a perfect estate plan because there’s no perfect answer to who will raise my kids for me if I can’t do that.” –Amanda Mulhall The Financially Mindful Podcast Ep. #2 (6:50)
-
“There’s nothing worse than not having a plan and letting a court and a judge decide what your plan would be and what your wishes might be with your assets.” –James V. Grace The Financially Mindful Podcast Ep. #2 (10:35)
- “[Trusts] are written in such a way that you can evolve into them.” –James V. Grace The Financially Mindful Podcast Ep. #2 (23:18)
- “Have a Plan B. There’s no harm to have it, but all the harm if you don’t.” –Daniel James The Financially Mindful Podcast Ep. #2 (35:20)
- “You’re not here to use your estate plan. It’s a gift. You’re giving this to the people you care about the most. Spend time on it. Invest in it.” –Amanda Mulhall The Financially Mindful Podcast Ep. #2 (36:58)
Stay Connected:
Daniel James
LinkedIn: Daniel James
Twitter:@DanielHJames
James V. Grace
LinkedIn: James Grace
Amanda Mulhall
Website: www.mulhallestateplanning.com
LinkedIn: Amanda Mulhall
Facebook: The Law Offices of Amanda L. Mulhall
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast
Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
In this episode of The Financially Mindful Podcast, Dan and Jim introduce themselves, and explain how their personal and professional experiences motivated them to produce this podcast, and shed light on some of the more pressing issues faces consumers that will be covered over the coming shows in this episode of The Financially Mindful Podcast.
About Your Hosts
Daniel James
Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO.
James V. Grace
Jim Grace is the Director of Wealth Management at Silver Pine Capital in Medfield, Massachusetts. Jim has more than a decade of experience in the financial services industry, leading Silver Pine’s financial planning and broader wealth management service offering. He has worked for MetLife and has managed for First Niagara (LPL Financial) and United Northeast Financial Advisors (Infinex Investments). Jim graduated from Bryant University and is father to two children.
Stay Connected:
Daniel James
LinkedIn: Daniel James
Website: CanopyLife
James V. Grace
LinkedIn: James Grace
Website: Silver Pine Capital
The Financially Mindful Podcast
Itunes: The Financially Mindful Podcast
Spotify: The Financially Mindful Podcast