Everything Money: Recent Episodes
Stephen Rosen and Leah Jones
Hightower Bethesda helps clients optimize their wealth, protect their hard-earned legacies and pursue their passions.
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, speaks with Kate Reese about military divorce, addressing anyone who is considering or going through a divorce that includes someone who is or has been a member of the military. They discuss things to consider such as the documents and resources you’ll need to collect and how to approach the division of assets.
“You just pick your battles. Run the numbers and see what the numbers look like… It’s just a choice that you have to make. Just need to be informed and it’s got to have the tax component considered.” -Kate Reese [28:59]
What You Will Learn:
- [00:39] Meet Kate
- [02:36] Who the podcast refers to in regards to military divorce
- [05:21] Documents and resources needed to collect
- [08:53] Military pension benefits and other income considerations
- [15:59] Ways to think about dividing assets
- [23:35] Steps to finalize everything
- [26:11] Other things to know and consider
- [31:53] How to contact Kate
Our Contacts:
Website: bethesda.hightoweradvisors.com
LinkedIn: Hightower Bethesda
Facebook: HightowerBethesda
Twitter: @LeahPlans4You
Guest’s Contacts:
Website: reeselawoffice.com
Phone number: (703) 279-5140
Email: kate@reese.law
If you or your spouse were or are in the military and are considering divorce, there are several things unique to your situation that you should be aware of as they relate to divorce. Join Leah Jones as she interviews Kate Reese, a family law attorney at Reese law, about things people should know regarding military divorce. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, speaks with Mike Zoller, Senior Investment Analysis for Hightower Bethesda. Mike and Leah conduct a mid-year check in, focusing on higher economic data and provide an update on the COVID-19 pandemic, both domestically and internationally. They talk about broad macro indicators, the U.S. stimulus and international markets, and they also address the topic of inflation.
“One thing I really want to emphasize is that the recovery we’re having today is not the 2009 recovery.” -Mike Zoller [09:46]
What You Will Learn:
- [01:04] An update on the COVID-19 pandemic
- [04:22] What broad macro indicators are telling us
- [07:28] How the American consumer is doing
- [12:30] Inflation risks and Hightower’s outlook on inflation
- [19:35] How the U.S. stimulus will play out in the future
- [22:52] How international markets are and will be affected by the pandemic
Our Contacts:
Website: bethesda.hightoweradvisors.com
LinkedIn: Hightower Bethesda
Facebook: HightowerBethesda
Twitter: @LeahPlans4You
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, speaks with Mike Zoller, Senior Investment Analysis for Hightower Bethesda. Mike and Leah conduct a mid-year check in, focusing on higher economic data and provide an update on the COVID-19 pandemic, both domestically and internationally. They talk about broad macro indicators, the U.S. stimulus and international markets, and they also address the topic of inflation. “One thing I really want to emphasize is that the recovery we’re having today is not the 2009 recovery.” -Mike Zoller [09:46] What You Will Learn: [01:04] An update on the COVID-19 pandemic [04:22] What broad macro indicators are telling us [07:28] How the American consumer is doing [12:30] Inflation risks and Hightower’s outlook on inflation [19:35] How the U.S. stimulus will play out in the future [22:52] How international markets are and will be affected by the pandemic Our Contacts: Website: http://bethesda.hightoweradvisors.com/ (bethesda.hightoweradvisors.com) LinkedIn: http://linkedin.com/company/hightowerbethesda (Hightower Bethesda) Facebook: https://www.facebook.com/HightowerBethesda/ (HightowerBethesda) Twitter: https://twitter.com/LeahPlans4You (@LeahPlans4You) Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC.
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Michelle Winner, Director of Marketing for Maryland 529 plan, about using a 529 plan as a savings and investment plan for college costs specific to Maryland. They answer commonly asked questions about these types of plans.
“Adults can use the plan too. For example, maybe your child doesn’t need the money, but perhaps you want to go back to school. You could use the funds yourself to pay for your education expenses. So just something to think about too for those who are looking to maybe pursue a new career or a new trade.” -Michelle Winner [23:51]
What You Will Learn:
- [01:32] What is a 529 plan
- [02:08] The advantages of opening a 529 account vs a traditional savings account
- [05:30] Two different types of Maryland 529 plans
- [08:41] How to contact Maryland 529
- [09:23] What happens if the child choose an out-of-state school
- [14:23] What is a qualified higher education expense
- [18:44] If the funds can be used for anything other than college
- [23:37] Adults can use the Maryland 529 plan too
- [25:12] How 529 funds affects FAFSA
- [32:21] Options if the child doesn’t go to college
- [33:02] Contribution guidelines
Our Contacts:
Website: bethesda.hightoweradvisors.com
LinkedIn: Hightower Bethesda
Facebook: HightowerBethesda
Twitter: @LeahPlans4You
Guest’s Contacts:
Phone number: 888.4MD.GRAD
Meet Heather Hostetter, she is a family law attorney located in Bethesda Maryland with a long list of awards and a partner at Hostetter Strent. This is a domestic relations law that deals with divorce, property distribution, alimony, custody, and child support.
In this episode, Leah speaks with Heather about the process of property distribution during a divorce primarily with alimony and child support when the woman is the main breadwinner.
Listen in to learn the difference between alimony and child support and why they both exist. You will also learn why as a woman; you need to think hard before entering a legal marriage and what to consider before and during the marriage in terms of finances and support.
What you will learn:
- [2:28] The factors that come into play before the court awards alimony during a divorce and the types that exist.
- [6:29] She explains why it’s difficult for the fault to play part in alimony.
- [8:32] The factors that determine how the length of the marriage affects the alimony.
- [9:46] The difference between paying alimony and child support and how women breadwinners react to it.
- [20:58] She explains the legal consequences of an ending marriage and understanding them beforehand.
- [23:35] The alimony negotiations process and what the court has the power to do and not do.
- [26:04] How both women and men react to the issue of alimony during a divorce.
- [29:22] How child support is calculated and its relationship to alimony.
- [32:29] She explains how the child support money is divided to make sure it caters to children.
- [35:27] The importance of having a conversation before and during a marriage about the roles of both partners.
- [38:52] The purpose of thinking hard as a woman before getting married and understanding the consequences and whether you can live with them.
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/HighTowerBethsd
In this episode, we are going to tackle the hot topic of cryptocurrency. We’ll talk about what exactly it is, what the rational is for owning it, the differences between different types of cryptocurrencies and how they can fit into someone’s portfolio. We will also dive into why cryptocurrency is such a polarizing topic in the media and among celebrities like Elon Musk, and how a company like Grayscale does its due diligence when it comes to crypto. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Michael Sonnenshein, CEO of Grayscale Investments, the world largest digital currency asset manager. Michael oversees the strategic director and growth of the business and maintains relationships with key stakeholders. Michael talks about cryptocurrency, what it is, why it’s a polarizing topic and the rationale for owning it. He explains the differences between cryptocurrencies and how it can fit into someone’s portfolio. He also discusses how a company like Grayscale does due diligence on cryptocurrencies and how transparency and compliance come into play.
“There is very much a real world scenario where these exist side by side, both decentralized digital currencies, like BitCoin, along with a centralized digital currency like the US dollar.” -Michael Sonnenshein [23:45]
What You Will Learn:
- [02:09] What is cryptocurrency
- [04:54] Differences between the cryptocurrencies
- [06:43] How does someone evaluate a cryptocurrency
- [09:59] The lack of barriers to entry for cryptocurrency
- [16:08] How this could be implemented in the future
- [20:12] How companies can accept cryptocurrency
- [24:01] How Grayscale identify, evaluate and keep up with products
- [26:14] Transparency, compliance and taxes
- [30:19] Michael’s thoughts on Elon Musk and the media
Our Contacts:
Website: bethesda.hightoweradvisors.com
LinkedIn: Hightower Bethesda
Facebook: HightowerBethesda
Twitter: @LeahPlans4You
Guest’s Contacts:
LinkedIn: Michael Sonnenshein
Twitter: @Sonnenshein
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Jeff Vale, founding partner and chief investment officer at Infinity Capital Partners. They provide an introduction to hedge funds, what they are and how they can be incorporated into an investor’s portfolio. They also discuss the media’s portrayal of hedge funds.
“Hedge funds are actually a good thing if they’re run correctly. Due diligence is key. You definitely have to do your work and find the very top managers.” -Jeff Vale [36:06]
What You Will Learn:
- [01:12] Hedge funds 101: the basics
- [07:04] Criteria to meet from an income or asset perspective
- [09:11] Long and short positions and hedge fund fees
- [15:08] How hedge funds did in 2020
- [19:40] What is illiquidity
- [22:45] What happened with GameStop
- [29:34] What happened with Archegos Capital
Our Contacts:
Website: bethesda.hightoweradvisors.com
LinkedIn: Hightower Bethesda
Facebook: HightowerBethesda
Twitter: @LeahPlans4You
Guest’s Contacts:
Website: infinityfunds.com
LinkedIn: Jeff Vale
In this episode, we discussed everything you need to know about Hedge Funds. You will leave the conversation informed about the basics of what they are, the differences amongst them, how the media portraits these types of investments, and when it makes sense to incorporate them in your portfolio. Make sure you share the episode with those that might find it informative. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
Robin Smith discusses taking the leap of faith at 40 to start a non-profit video production company and the factors that lead her to take that chance and lessons learned on keeping a business running for 30 years. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
Leah Jones and Stephen Rosen, Managing Director and Partner of Hightower Bethesda discuss HTB's philosophy on use of alternative investments. Starting from the adoption of the philosophy, to the definition of alternatives and walking through thoughts on asset allocation and cash flow generation, incorporating the use of alternatives. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Robin Smith, founder and president of Video/Action, a non-profit dedicated to providing voices for the underserved and voiceless. Robin talks about why she started Video/Action when she was 40 years old. She shares her story, the lessons she’s learned along the way during her 30 years in business and her second act in impact producing.
“Another gift that you need to give yourself if you’re an entrepreneur is to know what are those things that you really are good at. And if it’s not something you’re good at, try to find somebody who can do it for you and bring that person in.” -Robin Smith [11:32]
What You Will Learn:
- [00:46] How Robin started Video/Action
- [04:54] How she transitioned from private sector to non-profit
- [10:37] What she’s learned along the way
- [19:43] Advice she’d give to aspiring entrepreneurs
- [23:17] Robin’s second act
Our Contacts:
Website: bethesda.hightoweradvisors.com
LinkedIn: Hightower Bethesda
Facebook: HightowerBethesda
Twitter: @LeahPlans4You
Guest’s Contacts:
Website: videoaction.org
LinkedIn: Robin Smith
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Stephen Rosen, Managing Director and Partner at Hightower Bethesda. Stephen provides perspective on the use of alternatives which he refers to as the “third leg of the stool” in addition to equity and bonds. Listen as he shares what people need to know when investing in alternatives.
“Patience is a virtue. And sometimes people are reluctant to be patient. Sometimes people are reluctant to maybe hold cash or have a liquid alternative. Looking for the right thing, you don’t always have to jump in with both feet.” -Stephen Rosen [12:01]
What You Will Learn:
- [00:44] The use of alternatives
- [03:37] What does alternatives mean
- [07:10] The dilemma of finding return asset allocation
- [11:45] How this affects Hightower Bethesda
- [14:54] Ways to generate income through alternatives
- [22:55] Hightower Bethesda’s view on alternatives
- [30:13] What to know in investing in alternatives
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Resources:
Visit our website: https://bethesda.hightoweradvisors.com
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Regina DeMeo, a family law attorney. Regina has worked with family law issues for 22 years, serving her clients to make divorce easier and more cost-effective as they work towards a resolution. She shares what an amicable divorce looks like and the difference between mediation and a collaborative approach. She also discusses how the COVID-19 pandemic has affected the process.
“If you can’t sit in that meeting and sort of have a clear mind, you shouldn’t be making legal decisions that are going to impact the rest of your life or the rest of your kids’ lives. Someone’s really got to be in a good emotional place and have a pretty good understanding of the issues that we’re about to discuss.” -Regina DeMeo [12:11]
What You Will Learn:
- [00:55] If it possible to have an amicable divorce
- [01:38] What does an amicable divorce looks like
- [05:17] Mediation vs collaborative approach
- [13:26] The difference in costs
- [18:26] How the COVID-19 pandemic affects divorce process
- [22:25] Why you should look at divorce as an investment and preversing good will
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Resources:
Visit our website: https://bethesda.hightoweradvisors.com
Visit Regina DeMeo’s website: https://www.reginademeo.com/
A conversation with Regina DeMeo about a collaborative approach to divorce, using a mediator when possible to save costs and tips for how to spend the least amount of money on attorney fees. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Louis Ruebelmann, a CPA and CFF at Mendelson & Mendelson about recent and upcoming tax changes and opportunities to help with tax planning. Louis has worked with individuals and businesses in tax planning since the 1970s. He shares guidance in regards to the Paycheck Protection Program (PPP) loan and the stimulus checks that provided financial relief during the COVID-19 pandemic. He also discusses the changes with the charitable contribution allowance and education deductions and credits.
“That payroll number is absolutely key. It must be 60%.” -Louis Ruebelmann [02:55]
What You Will Learn:
- [00:47] Louis’ guidance on the Paycheck Protection Program (PPP) loan
- [03:51] How the loan forgiveness work on a tax perspective
- [06:50] How a business owner can take a second PPP loan in 2021
- [09:38] The shift in deducting meals in 2021 and 2022
- [13:29] Things for business owners to know or think about for upcoming tax opportunities
- [15:16] What individuals should know about stimulus checks
- [18:38] The changes in the charitable contribution allowance
- [23:31] How taxes play into retirement account withdrawals for COVID-19 relief
- [26:32] The changes to education deductions and credits
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Resources:
Visit our website: https://bethesda.hightoweradvisors.com
Visit Mendelson & Mendelson website: http://www.mendelsoncpa.com/
Review some tax planning opportunities as they relate to business owners and individuals that people can do now. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
This episode was previously released in 2020, but we wanted to rerelease this episode coinciding with Jessica Markham's book release of, Representing Federal Employees and Their Spouses, a Practical Guide.
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Meet Jessica Markham, a family lawyer that practices in Maryland and Washington DC. She has many honors and awards to her and her firm’s credit including best lawyer in America and the best divorce attorney in the Bethesda area. She started her law firm about 5 years ago and is often sort after by federal employees going through a divorce.
In this episode of the Hightower Bethesda Divorce Series, Jessica joins Sarah as they scrap the surfaces of nuances of being a Federal employee going through a divorce. She’s best suited for this topic since she is in the process of publishing a 600-page book on the topic.
Listen in to learn different factors that apply when it comes to the division of pension property for federal employees during a divorce.
What you will learn:
- [2:37] Factors to consider when dividing in a divorce for federal employees.
- [4:03] What portions of the annuity is the spouse entitled to?
- [6:57] The legal formulas that are used to divide pension property- what it means and how other properties impact that.
- [9:47] Jessica explains how long a couple has to be married for the pension law to apply.
- [11:16] Why this law applies to govt employees that are living but don’t have to be working.
- [13:20] She explains in math how much a spouse or a surviving spouse gets in pension benefits.
- [17:08] How to understand and negotiate the survivor benefits and who pays the cost of it.
- [19:13] What is remarriage restructuring? How does it work in survivor benefits and pension law?
- [22:40] How different types of social securities affect the pension and why you have to keep these in mind when negotiating.
- [28:12] Why you need to think about the cost of living adjustments and supplemental annuity.
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Guest’s Contacts:
Website: https://www.markhamlegal.com/jessicamarkham
Book: https://www.representingfederalemployees.com/aboutthebook
In this episode, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Michael Zoller, Senior Investment Analyst for Hightower Bethesda, about financial projections for 2021. Every year, the company lists 10 investment themes in January. Michael shares his thoughts on these themes and his forecast of what the economic recovery will look like after a year of the COVID-19 pandemic and the 2020 Presidential election that resulted with a new administration.
“With this pent-up demand issue that I talked about earlier, Americans are going to run out and buy, buy, buy. That has the potential to lead to a spike in inflation, but that’s going to be different than a structural increase in inflation.” -Michael Zoller [16:23]
What You Will Learn:
- [01:12] Hightower Bethesda’s macro view going into 2021
- [04:26] How potential higher taxes could play into the recovery this year
- [05:41] The biggest takeaway for economy recovery
- [09:41] Forecast for the equity markets and what it mean for technology and growth
- [13:52] Projections for fixed income and bonds
- [15:46] If there's’ a risk of inflation and how home prices factors in
- [22:57] Michael’s final thoughts on small caps and emerging markets
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Resources:
Visit our website: https://bethesda.hightoweradvisors.com
A conversation with Mike Zoller, Senior Investment Analyst at HTB where we discuss Hightower Bethesda’s Investment themes for 2021. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
In this episode of the Hightower Bethesda podcast, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Philip Pirio, Senior Plan Design Consultant for Dedicated Defined Benefit Services about defined benefit plans for business owners with no employees and 1099 income. Listen to how these plans are a great way to maximize retirement savings and minimize taxes. Phil discusses these plans with real world examples, what to keep in mind when setting one up and what happens if you terminate the plan.
“The closer you are to retirement age, the fewer years you have to put into that plan to reach the goal that’s defined as the benefit. Therefore, the contributions get higher.” -Philip Pirio [10:46]
What You Will Learn:
- [01:11] Narrowing the conversation
- [03:14] What is a defined benefit plan
- [06:25] Some contribution factors
- [11:43] How this applies for someone who makes $1 million
- [13:07] How to figure out how much to stash away
- [15:48] What to think about when setting up a defined benefit plan
- [20:27] What happens if you terminate the plan
- [23:41] The maximum amount to put into a defined benefit plan
- [25:48] Some real world examples
- [32:39] Deadlines and taxes
- [37:50] Phil’s closing thoughts
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Resources:
Visit our website: https://bethesda.hightoweradvisors.com
Visit Dedicated Defined Benefit Services: https://www.dedicated-db.com/
In this episode of the Hightower Bethesda podcast, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Jeffrey Gershen, from Aronson’s Tax Services Group, about potential changes under President Joe Biden’s upcoming administration. Jeffrey is a CPA that focuses on serving business owners and specializes in tax compliance, business planning and consulting. He discusses potential changes that might be in the pipeline with Biden’s proposed plans and mentions a few concerns he’s hearing from his clients. Listen to some of the strategies he suggests to be more proactive.
“I hate to say it, but death and taxes are certain, and you can also add that changes in taxes are always certain. So it keeps us engaged, but again, at the end of the day, it’s about being proactive and planning as much as you can, but you have to be flexible too.” -Jeffrey Gershen [29:47]
What You Will Learn:
- [1:05] The most pressing tax items that could change during the next presidency
- [4:45] Top 3 concerns Jeffrey is hearing from clients
- [14:08] What could change with the estate tax exemption
- [20:27] Using Apple as an example
- [21:13] The elimination of the long-term capital gain break
- [22:09] Corporate tax rate and 1031 exchanges
- [23:56] The timeframe for the Tax Act of 2017
- [25:01] Some strategies to consider to be proactive
- [26:47] Advice regarding the Paycheck Protection Program (PPP) loan
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Resources:
Visit our website: https://bethesda.hightoweradvisors.com
Visit Aronson’s Tax Services Group: https://aronsonllc.com
On one hand, women are earning more, they’re more dominant in terms of controlling household spending, and they’re becoming more interested in finance. On the other hand, only 15% of financial advisors are women… so how do we address this gap?
In this episode of the Hightower Bethesda Podcast, Leah Jones, Director of Financial Planning at Hightower Bethesda speaks with fellow female financial advisor within the Hightower umbrella, Jordann Andrusiak. Jordann works for a team called Synergy Capital Solutions and has a wealth of experience in advising women.
Together they discuss the reasons why women are still falling behind in making money and investing, despite the progress they’ve made in education, decision-making, and their careers, as well as how women can feel more confident when dealing with finances. They speak on the common issues they’ve seen in advising female clients and the solutions that can help bridge the gaps in wealth and the financial world.
Listen in to hear powerful insights and advice that will change the way you think about your finances, your wealth, and your future.
What You Will Learn:
- [0:19] Surprising statistics about women and wealth
- [3:30] About Jordann + The topic of discussion
- [4:28] Reasons why women are still falling behind in investing and making money
- [11:58] What women can do to help them feel more financially confident
- [13:26] Common issues they have seen with her financial advising clients: Understanding your financial plan, empowered budgeting, starting with the big numbers and accomplishments, risk aversion, diversifying investments
- [21:33] Solutions for common issues in finance: Having conversations with other people, gaining fundamental knowledge, and finding a trusted advisor
- [22:42] How you can prioritize your financial health + The importance of tracking your finances and educating yourself
- [26:29] Jordann and Leah’s advice for taking control of your finances and leaving a healthy legacy of wealth for your children
- [30:47] Outro + Disclaimers
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Resources:
To learn more about Hightower Bethesda, visit their website: www.bethesda.hightoweradvisors.com
A look at the disconnect between the market and economy now and a look at what’s potentially in store for the market over the next few years.
[1:10] Why the disconnect between the stock market and the economy?
[4:29] 3 market outlooks with milestones for key factors on progress and timeframes associated with those stages, Act 1 now through the election – unlocking uncertainty
[9:57] Don’t let negative political sentiment cause you to miss out on returns
[11:14] Act 1 continued, removing uncertainty around COVID-19 through herd immunity and timeframe
[13:45] Act 2 – 4.3T in cash with potential to enter the market and historical context on this happening in past.
[15:56] Timeframe on cash getting invested in the stock market with surfing analogy
[17:12] Fear of taxes going up and realistic timeframe on changes to tax code
[19:21] Laws made in congress not the White House
[21:48] Act 3 – taxes on corporations go up and potential consequences on the stock market
[25:23] Summary of Acts
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Meet Meg McKenny, the former founding partner of Delaney McKinney and recently founded McKinney Figini. She has over 27 years of experience practicing family law and is sought after for her negotiations, trial skills, and has made integrity and reliability central facets of her legal practice.
In this episode, Leah is joined by Meg McKinney as she explores the topic of financial literacy and transparency in marriage and divorce. She dives deep into the process she as a family lawyer takes couples through to educate them on how to manage their financial situations.
Listen in to learn the importance of having an open mind when considering a prenup agreement before marriage. You will also learn how divorce law works in the state of Maryland.
What you will learn:
- [1:30] How she helps couples understand their financial situation during a divorce process- how the now and the future looks like for their finances.
- [3:13] How a client’s tax return shows their financial situation and the process that follows after examining it.
- [5:39] She describes the interview she conducts with clients to determine their financial literacy and why they need to get their own credit report.
- [7:04] The red flags that show a lack of financial transparency with a client.
- [9:47] The importance of financial literacy in marriage and ways in which people hide money with or without leaving footprints.
- [11:56] The difficulty of splitting income when supporting two households.
- [14:48] The importance of understanding your partner’s financial goals and expectations in marriage through a prenup- making sure you’re reading on the same page.
- [18:58] Divorce law in Maryland- understanding how credit card debt and business ownership works.
- [26:00] Meg shares her two favorite books that offer help with marriage and relationship management.
Books Mentioned:
- The Seven Principles for Making Marriage Work- John M. Gottman
- Marriageology: The Art and Science of Staying Together- Belinda Luscombe
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Relevant Links:
Website: https://www.mckinneyfigini.com/
LinkedIn: https://www.linkedin.com/in/margaret-mckinney-26111813/
Meet Jessica Markham, a family lawyer that practices in Maryland and Washington DC. She has many honors and awards to her and her firm’s credit including best lawyer in America and the best divorce attorney in the Bethesda area. She started her law firm about 5 years ago and is often sort after by federal employees going through a divorce.
In this episode of the Hightower Bethesda Divorce Series, Jessica joins Sarah as they scrap the surfaces of nuances of being a Federal employee going through a divorce. She’s best suited for this topic since she is in the process of publishing a 600-page book on the topic.
Listen in to learn different factors that apply when it comes to the division of pension property for federal employees during a divorce.
What you will learn:
- [2:37] Factors to consider when dividing in a divorce for federal employees.
- [4:03] What portions of the annuity is the spouse entitled to?
- [6:57] The legal formulas that are used to divide pension property- what it means and how other properties impact that.
- [9:47] Jessica explains how long a couple has to be married for the pension law to apply.
- [11:16] Why this law applies to govt employees that are living but don’t have to be working.
- [13:20] She explains in math how much a spouse or a surviving spouse gets in pension benefits.
- [17:08] How to understand and negotiate the survivor benefits and who pays the cost of it.
- [19:13] What is remarriage restructuring? How does it work in survivor benefits and pension law?
- [22:40] How different types of social securities affect the pension and why you have to keep these in mind when negotiating.
- [28:12] Why you need to think about the cost of living adjustments and supplemental annuity.
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Guest’s Contacts:
Website: https://www.markhamlegal.com/jessicamarkham
Book: https://www.representingfederalemployees.com/aboutthebook
Meet Jessica Markham, the managing attorney at Markham law, a law firm based in Bethesda. She started her business in 2015 as a solo practitioner and now has 7 attorneys on staff. Both she and her firm have been named best lawyers in America.
In this episode of the Women Business Owner Series, Leah speaks with Jessica as she shares her journey from an employee to a law firm business owner.
Listen in to learn how Jessica runs her business with a passion and creating an environment where the staff and the clients are happy.
“If you can leave for a month and everything runs smoothly, then that’s a business”- Jessica Markham
What you will learn:
- [1:30] How Jessica was inspired by an on-sale office space to start her new space.
- [4:35] Learning to run her law firm as a business- taking care of the law side of things as well as the business side of things.
- [7:48] Starting the business without any prior experience and how she has learned to be financially oriented.
- [10:40] Did she have a business plan? And how she balanced starting a business and being a mother at the same time.
- [12:30] The importance of creating a business that can operate without you being there.
- [16:18] She describes the culture she has built for her staff to fulfill their goals and be happy at the workplace.
- [18:51] What does her brand represent and how did she go about it?
- [22:38] How is it like being a woman business owner?
- [27:33] Questions you need to ask yourself before starting a business.
- [32:43] The importance of finding pacesetters in your industry that will guide you through your career even if you don’t know them.
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Guest’s Contacts:
Jessica’s Website: https://www.markhamlegal.com/jessicamarkham
Meet Erin Kopelman, a principal at Lerch, Early & Brewer in Bethesda Maryland. She overall deals with domestic relations and family law.
In this episode, Leah speaks with Erin on the effects of the COVID-19 on divorce processes both in and out of court.
Listen in to learn what factors you should consider before filing for a divorce if you had planned to. You will also learn how you can ensure the safety of your children to keep in line with the court’s guidelines while working as both parents.
What you will learn:
- How the COVID-19 is affecting the divorce rate and cases.
- How people are becoming more flexible with working virtually and delivering the same amount of productivity.
- The benefit of courts jumping up technology which they have been reluctant of doing for years.
- Factors that are going to affect the divorce processes due to the Coronavirus.
- How the Coronavirus is affecting those receiving alimony and child support due to economic fluctuation.
- The importance of sharing and gathering information with your ex-spouse in case of salary reduction or termination.
- Issues related to custody during this Coronavirus period and how they should be handled.
- How parents should try to find common grounds when it comes to protecting their children from the Coronavirus.
- She explains how she thinks this will affect the divorce lawyers and divorce agreements going forward.
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/LeahPlans4You
Guest’s Contacts:
LinkedIn: https://www.linkedin.com/in/erinkopelman/
Meet Heather Hostetter, she is a family law attorney located in Bethesda Maryland with a long list of awards and a partner at Hostetter Strent. This is a domestic relations law that deals with divorce, property distribution, alimony, custody, and child support.
In this episode, Leah speaks with Heather about the process of property distribution during a divorce primarily with alimony and child support when the woman is the main breadwinner.
Listen in to learn the difference between alimony and child support and why they both exist. You will also learn why as a woman; you need to think hard before entering a legal marriage and what to consider before and during the marriage in terms of finances and support.
What you will learn:
- [2:28] The factors that come into play before the court awards alimony during a divorce and the types that exist.
- [6:29] She explains why it’s difficult for the fault to play part in alimony.
- [8:32] The factors that determine how the length of the marriage affects the alimony.
- [9:46] The difference between paying alimony and child support and how women breadwinners react to it.
- [20:58] She explains the legal consequences of an ending marriage and understanding them beforehand.
- [23:35] The alimony negotiations process and what the court has the power to do and not do.
- [26:04] How both women and men react to the issue of alimony during a divorce.
- [29:22] How child support is calculated and its relationship to alimony.
- [32:29] She explains how the child support money is divided to make sure it caters to children.
- [35:27] The importance of having a conversation before and during a marriage about the roles of both partners.
- [38:52] The purpose of thinking hard as a woman before getting married and understanding the consequences and whether you can live with them.
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/HighTowerBethsd
Guest’s Contacts:
Website: https://www.hostetterstrent.com/
In this episode of the Women Business Owner Series, Leah speaks with Sarah Djamshidi, the president and managing partner at Speedshift Advisors. She has already advised more than 30 lower-to-middle market companies and tech startups within her firm.
Sarah shares how her passion for helping business owners strategize their exit led her to start her own business. Listen in to hear tips that Sarah gives to women who want to take that rip of faith and start their own business.
“You do need a passion, you do need a course, you need to have something that excites you to get up in the morning to try to go tackle everything.”- Sarah Djamshidi
What you will learn:
- [1:55] How recognizing a problem drove Sarah to start her own business and stop being an employee.
- [4:51] Having the passion to provide solutions in a problem she had recognized.
- [7:45] Why Sarah acknowledges that starting and running a company is not easy and it’s not for everyone.
- [8:37] What challenges does she face as both a business owner and a woman in business. Turning challenges to opportunities.
- [11:48] Why successful women are building funds to help women in business.
- [12:35] How to get certified and pursue some opportunities available like sponsorships in both public and private entities.
- [14:52] Why Sarah believes there’s no balance between work and life. The importance of keeping your business afloat but still putting some parameters in place so you’re not always working.
- [19:11] What advice does she have for anyone wanting to start a business.
Our Contacts:
Website: http://bethesda.hightoweradvisors.com/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Facebook: https://www.facebook.com/HightowerBethesda/
Twitter: https://twitter.com/HighTowerBethsd
Guest’s Contacts:
Website: https://speedshiftadvisors.com/team/sarah-djamshidi/
LinkedIn: https://www.linkedin.com/in/djamshidi
Meet Brian LoDestro, the senior portfolio strategist at Prudential Investment Management. He has 27 years of experience as an investment professional.
In this episode, Stephen talks with Brian on how the recent COVID-19 pandemic has affected the fixed income world. He shares how different financial sectors are going to change in the coming months or years as compared to how they were in the last few years.
“Interest rates are simply the price of money when you have more borrowers than lenders the price goes up, and when you have more lenders than borrowers the price goes down.”- Brian LoDestro
What you will learn:
- [0:15] Intro
- [1:37] How the COVID-19 has caused an engineered recession and the expected worsening of things.
- [4:48] Why the lack of liquidity has caused the treasuries to break.
- [11:39] The financial predictions that were made for this year- what was right and what was wrong.
- [20:36] Why Brian believes that the economy will go back to what it was with the question being when? There is a need to diversify by mitigating volatility.
- [26:47] The anomalies in the financial world created by the Coronavirus crisis and how they’re going to affect the interest rates.
- [32:52] How the fixed income world is relying on the Fed’s research to determine companies that are going be in better shape after COVID-19 and concentrating less on the emerging markets debts.
- [39:16] The two factors that the Fed Buying provides. A prediction on what the Fed buying is going to be buying and not buying in the coming times.
Relevant Links:
Website: Hightower Bethesda
Facebook: Hightower Bethesda - Home
LinkedIn:https://www.linkedin.com/company/hightowerbethesda/
Twitter: Hightower Bethesda (@HighTowerBethsd)
Meet Sarah Djamshidi, the owner of Speedshift Advisors. She is an exit strategy advisor and licensed banker who works with clients to obtain a successful exit strategy as defined by what’s really important to them. She has been doing this for over 2 decades and has worked with over 200 companies and has even testified in the US senate over small business issues.
In this episode, Leah speaks with Sarah on the importance of business owners having an exit plan in place.
Listen in to learn why you should target a successful exit from your business from the very beginning.
What you will learn:
- [1:34] Why you should think about the exit strategy as a business owner.
- [4:11] The importance of having a succession plan and a road map in your business to ensure things still work smoothly in case you pass on.
- [7:52] How to have a successful exit plan. What have others done previously?
- [12:39] Why you should start planning your exit from the beginning by doing things strategically for a happy post-exit.
- [17:26] Sarah shares how her company tackles the things that bring unhappiness and a sense of loss when exiting a business.
- [21:50] Ways in which you can still impact the industry you’re in even after selling your business.
- [22:42] Why an exit plan is a process and the questions you need to ask yourself before targeting for liquidity.
- [23:29] The importance of building things outside of your business that you can fall onto if things don’t work out in liquidating your business.
Relevant Links:
Website: Hightower Bethesda
Facebook: https://www.facebook.com/HightowerBethesda/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Twitter: https://twitter.com/HighTowerBethsd
Meet Stephen Rosen the managing director and founding partner and Leah Jones, the director of financial planning at HighTower Bethesda.
In this premiere episode, Leah and Stephen explain who HighTower Bethesda is, what they do, and the purpose of starting two podcasts. They share what is to be expected in the podcasts going forward.
“Our goal with this podcast is to provide insightful content and make an impact in people’s lives through relevant content.”- Leah Jones
Key points:
- Get to know HighTower Bethesda, their team, and what they do.
- What are the main objectives of this podcast?
- Leah talks about her experience, personal life, and what you should expect from her.
- Topics to be discussed in the two podcasts that they’re going to produce.
- Stephen shares his experience in the financial industry and his contribution to the podcast
- Leah will be looking towards the business owner’s standpoint and helping people going through a divorce.
- Stephen will be focusing on the investments side of things and what is going on in the world.
Contact Information:
Website: http://bethesda.hightoweradvisors.com/
Facebook: https://www.facebook.com/HightowerBethesda/
LinkedIn: https://www.linkedin.com/company/hightowerbethesda/
Leah Jones and Phil Pirio discuss the details of setting up a Defined Benefit Plan for business owners with no employees and 1099 income. A great way to maximize retirement savings and minimize taxes. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
In this episode of the Hightower Bethesda podcast, Leah Jones, Director of Financial Planning for Hightower Bethesda, talks to Jeffrey Gershen, from Aronson’s Tax Services Group, about potential changes under President Joe Biden’s upcoming administration. Jeffrey is a CPA that focuses on serving business owners and specializes in tax compliance, business planning and consulting. He discusses potential changes that might be in the pipeline with Biden’s proposed plans and mentions a few concerns he’s hearing from his clients. Listen to some of the strategies he suggests to be more proactive. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
In this episode, Leah Jones is joined by Josh Feuerman as they look at the disconnect between the market and economy now, and what’s potentially in store for the market over the next few years. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
In this episode, Leah speaks with Heather about the process of property distribution during a divorce primarily with alimony and child support when the woman is the main breadwinner. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
In this episode, Stephen talks with Brian on how the recent COVID-19 pandemic has affected the fixed income world. He shares how different financial sectors are going to change in the coming months or years as compared to how they were in the last few years. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
Meet Sarah Djamshidi, the owner of Speedshift Advisors. She is an exit strategy advisor and licensed banker who works with clients to obtain a successful exit strategy as defined by what’s really important to them. She has been doing this for over 2 decades and has worked with over 200 companies and has even testified in the US senate over small business issues. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.
In this premiere episode, Leah and Stephen explain who Hightower Bethesda is, what they do, and the purpose of starting two podcasts. They share what is to be expected in the podcasts going forward. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.