Roadmap to Retirement: Recent Episodes
Ken New
If there was a missing piece of information that was costing you money now or that would cause a significant problem or cost in your future, when would you want to find out about it? Ideally, you would want to learn about it right NOW! It’s best to learn these critical facts before you make any financial decisions, because not knowing could have profound & lasting effects on your financial future. One of the best ways to make money…is to avoid losing it in the first place so we focus on all the missing facts to keep your money from falling through the cracks and we engineer tax strategies to reduce burdens on your income. Welcome to Roadmap to Retirement with Ken New from Pinnacle Financial Wealth Management. As a fiduciary advisor, Ken focuses on creating individualized holistic plans rather than cookie-cutter portfolios. Listen in as Ken and his guest experts explore key retirement and tax strategies that every pre-retiree should consider in order to reach their Pinnacle.
Do you think tax planning is just about preparing for the upcoming tax season?
Think again. The most effective tax strategies require year-round planning and can even start years in advance!
In this episode of Proactive Tax Strategies, Ken New explores advanced tax planning and financial optimization strategies with Mark Miller, business consultant to the Hilton Family Office and CEO of Hilton Tax and Wealth Advisors. Uncover strategies to mitigate tax liabilities, hear tips to help maximize your financial outcomes, and hear real life examples of their implementation.
Ken and Mark discuss:
- The focus of Mark’s books and how they can help business owners save on taxes
- The collaboration between different advisors, such as CPAs, tax mitigation specialists, and financial advisors for effective tax planning
- The benefits of incorporating formal and comprehensive tax plans into long-term financial goals
- Real-life success stories that illustrate the impact of meticulous financial planning
- And more
Resources:
- Hilton Wealth: How To Invest Like An American Dynasty by Mark Miller
- The Tax-Free Business Owner by Mark Miller
- Pinnacle Wealth Management Questionnaire
Connect with Ken New:
- Office Phone: (321) 454-3623
- Website: Pinnacle Financial Wealth Management
- Email: info@pinnaclefinancialwealthmgmt.com
- LinkedIn: Ken New
- Facebook: Ken New
- Blubrry: Proactive Tax Strategies Podcast
About the Host:
Ken New brings more than 25 years of financial industry experience and expertise. Ken began his financial career as a manager at John Hancock in 1991. Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning. Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction. Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.
Connect with Mark Miller:
- LinkedIn: Mark Miller
- Hilton Tax & Wealth Advisors
About Our Guest:
Mark Miller has spent over 30 years in the tax and financial services industry helping his clients grow and protect their wealth. He has worked with hundreds of Business Owners, Physicians, Executives and High-Net-Worth clients cutting their taxes significantly. He helps them grow and protect their business and retirement assets in good times and bad. Plus, preserve long-lasting family legacies.
Mark is also a best-selling author, having written several books on personal finance. His latest book, The Tax-Free Business Owner teaches business owners how to zero out their taxes, just like many Fortune 500 firms.
While many are aware that charitable donations can help reduce your tax bill, strategies for amplifying this technique are not so commonly talked about.
Join host Ken New as he speaks with Aleksander Dyo, Managing Director of Wealth Excel who focuses on advanced retirement plans and specifically financial charitable giving strategies. Together, they cover the world of charitable gift financing, revealing how high-earning individuals and business owners can amplify their donations, maximize tax savings, and accelerate wealth growth without compromising their financial security. Follow along to learn innovative strategies that Aleksander has used to help clients save over $60 million in taxes and how you can apply these techniques to achieve your philanthropic and financial goals.
Ken and Aleksander discuss:
- The core principles and benefits of charitable gift financing
- How high-net-worth individuals can leverage this strategy for tax savings and amplified giving
- The role of specialized third-party lending and life insurance in securing and repaying charitable donations
- Fulfilling philanthropic desires and carrying on a lasting legacy of giving without compromising financial security
- And more
Resources:
- Pinnacle Financial Wealth Management Quiz
Connect with Ken New:
- Office Phone: (321) 454-3623
- Website: Pinnacle Financial Wealth Management
- Email: info@pinnaclefinancialwealthmgmt.com
- LinkedIn: Ken New
- Facebook: https://www.facebook.com/321.KenNew
- Proactive Tax Strategies Podcast: https://roadmap-to-retirement.blubrry.net/
Connect with Aleksander Dyo:
- Wealth Excel
- LinkedIn: Aleksander Dyo
About the Host:
Ken New brings more than 25 years of financial industry experience and expertise. Ken began his financial career as a manager at John Hancock in 1991. Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning. Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction. Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.
About Our Guest:
Aleksander is renowned for his proficiency in sophisticated Qualified Plan models and Financed Charitable Gifting methodologies. Boasting a clientele of 400+ business moguls and affluent earners, he has successfully facilitated tax savings of over $60MM.
With an illustrious journey as a serial entrepreneur, a steward at a private equity fund, and an angel investor across finance, tech, and real estate sectors, Aleksander effortlessly fuses his first-hand experience into pragmatic business management and wealth multiplication strategies.
His candid demeanor, unwavering commitment to results, and ability to think beyond the conventional set him apart, paving the way for pioneering wealth generation solutions.
Looking to keep more of your hard-earned money in your pocket but don’t know what more you can do?
Explore some tax strategies you may not have heard of before this week on Proactive Tax Strategies
Join Ken New as he speaks with Roger Roundy, the CEO of Strategic Associates, LLC about finding money that’s slipping through the cracks due to over-taxation. Roger brings his extensive knowledge to the table, discussing innovative strategies that many CPAs might not be fully aware of. This conversation isn’t just about saving money through taxes; it’s about optimizing your financial future so that your legacy will be carried on. Stay tuned and you will learn the importance of timely tax planning, the power of understanding the tax code, and the impact of specialized strategies that could transform your approach to handling taxes.
Ken and Roger discuss:
- Above and below-the-line deductions: How they impact your financial planning and tax savings
- Tax strategies for business owners: Section 831(b) captive insurance plans, solar tax credits and more
- The importance of timing in tax planning: Why the last quarter of the year is crucial for making strategic decisions
- Leveraged Charitable Gifting: Increasing the value of your donations and maximizing tax benefits
- And more
Resources:
- Section 831 (b)
Connect with Ken New:
- Office Phone: (321) 454-3623
- Website: Pinnacle Financial Wealth Management
- Email: info@pinnaclefinancialwealthmgmt.com
- LinkedIn: Ken New
- Facebook: https://www.facebook.com/321.KenNew
- Proactive Tax Strategies Podcast: https://roadmap-to-retirement.blubrry.net/
About the Host:
Ken New brings more than 25 years of financial industry experience and expertise. Ken began his financial career as a manager at John Hancock in 1991. Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning. Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction. Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.
About Our Guest:
- LinkedIn: Roger Roundy
- Strategic Associates, LLC
Roger Roundy is the CEO of Strategic Associates, LLC and the Owner of The Alivint Group, LLC. His expertise lies in consulting with business owners, high-earning W-2 employees, beneficiaries of large liquidity events, and any taxpayers potentially overpaying in taxes. He firmly believes that citizens should fulfill their tax obligations to the fullest extent required by law, but not a cent more. Roger has dedicated countless hours to studying and educating taxpayers, tax preparers, advisors, and consultants on diverse tax incentives within the tax code. Whether the tax liability stems from business income, personal income (W-2), or a liquidity event (capital gains), Roger knows numerous solutions and incentives are available to assist taxpayers in retaining and utilizing more of their hard-earned money and works with clients to obtain those benefits.
Are you a small business owner, or building owner looking to mitigate taxes and boost cash flow?
Ken New and Joel Grushkin dive into the intricacies of cost segregation—a powerful tax planning tool for commercial real estate depreciation. Joel, with 40 years of executive experience and Regional Director of Cost Segregation Initiatives, shares his wealth of knowledge on optimizing tax savings for property developers, owners, and investors. Whether you’re acquiring new property or have been utilizing straight-line depreciation, this episode is rich in strategic insights catering to business and property owners, aiming for effective tax mitigation.
Ken and Joel discuss:
- The basics of cost segregation and its impact on commercial real estate depreciation
- The benefits of accelerated depreciation for business owners, including immediate cash flow improvement
- The partnership between Joel’s firm and CPAs and how cost segregation studies can significantly reduce tax liabilities
- Tips on navigating potential IRS audits and the long-term advantages of cost segregation, even upon selling the property
- And more
Resources:
- How CPAs Can Transition to Proactive Tax Strategists
- The Power of Premium Financing
- Navigating Private Securities
Connect with Ken New:
- Office Phone: (321) 454-3623
- Website: Pinnacle Financial Wealth Management
- Email: info@pinnaclefinancialwealthmgmt.com
- LinkedIn: Ken New
- Facebook: https://www.facebook.com/321.KenNew
- Proactive Tax Strategies Podcast: https://roadmap-to-retirement.blubrry.net/
Connect with Joel Grushkin:
- LinkedIn: Joel Grushkin
- Email: jgrushkin@costseganalysts.com
- FaceBook: Cost Segregation Initiatives
- Website: Cost Segregation Initiatives
About the Host:
Ken New brings more than 25 years of financial industry experience and expertise. Ken began his financial career as a manager at John Hancock in 1991. Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning. Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction. Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.
About our Guest:
Joel Grushkin is the Regional Director of Cost Segregation Initiatives. With 40 years of executive experience, his background includes eleven years with Arthur Young & Company (now Ernst & Young) as a Principal and director of the firm’s Management Services Practice. He was also a member of AY’s National Real Estate Industry Specialty Practice Group. His cost segregation experience has encompassed studies for developers and owners of commercial real estate, including but not limited to office buildings, shopping centers, manufacturing and distribution centers, specialty medical facilities, automotive dealerships, hotels, restaurants, financial institutions, multi-family residential and senior living.
Are you a business owner looking to significantly lower your bills without downgrading your services or switching providers?
Well, you have come to the right place!
In this installment of Proactive Tax Strategies, host Ken New dives deep into the world of cost remediation with Jeff Stolper, owner of iDeal Advocates Consulting Agency. Jeff shares insights into negotiating bill costs and maximizing savings for businesses. Discover how you could benefit from cost remediation services and the impact it could have on your bottom line.
Ken and Jeff discuss:
- The concept of cost remediation and how it can benefit businesses financially
- The process of bill negotiation and optimizing expenses without changing service level or provider
- Real-life examples of substantial savings achieved through cost remediation
- The tax implications associated with using a cost remediation service for business profitability and financial health
- And more
Resources:
- Facebook: iDeal Advocates
- Instagram: iDeal Advocates
- whatsyourideal.com
- paylessforyourbills.com
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Connect With Jeff Stolper:
- LinkedIn: Jeff Stolper
About Our Guest:
Jeff Stolper is the owner of iDeal Advocates Consulting Agency, specializing as a cost remediation expert. With a rich background spanning 30 years, Jeff began his career on Wall Street in 1993, quickly rising to become the top producer stockbroker at his firm by 1995. His expertise led to him being recruited to run a Wall Street firm by 1996 and co-owning an NYSE franchise brokerage firm by 1997. Transitioning his skills, Jeff founded NBP Neighborhood Business Partnership, an innovative advertising firm, which amassed over 700 business owners in NYC within its first three years alone. In 2005, he ventured into health and wellness, achieving the status of the 68th Millionaire Legacy member in Isagenix with a global organization of over 30,000 members. Notably, Jeff is well regarded as being the best bill negotiator in the world and his company iDeal Advocates, as being the premier bill negotiating company in the industry.
Are you looking for a strategy that could help you secure your legacy and set future generations up for success?
The IRA bailout plan might be right for you!
In the latest installment of Proactive Tax Strategies, Ken New speaks with Darren Sugiyama, who explains the intricacies of the IRA bailout plan. Darren sheds light on its benefits and how it can be a game-changer for high-net-worth individuals looking to optimize their financial legacy.
Ken and Darren discuss:
- The concept of the IRA bailout plan and who can benefit from this strategy
- The difference between traditional IRAs and Roth IRAs
- Profit-sharing plans and integrating a life insurance component to mitigate estate taxes
- Real-case scenarios that illustrate how the IRA bailout plan works
- And more
Resources:
- 2024 Premium Financed Life Insurance: The Key To Effective Estate Tax Planning
- The Takeo Effect: How A Billionaire Samurai Warrior Saved My Life
- The 6-Figure Retirement
- The Icon Effect
- Living Outside The Cubicle – The Ultimate Success Guide For The Aspiring Entrepreneur
- OUCH – How My Financial Advisor Lost Me $930,000 In Three Years
- The Definitive Book On Premium Financing
Connect with Ken New:
-
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Connect with Darren Sugiyama:
- LinkedIn: Darren Sugiyama
- Lionsmark Capital
About our Guest:
Darren Sugiyama is the founder & CEO of Lionsmark Capital. Prior to Lionsmark, Darren founded DaVinci Financial & Insurance Associates, a multi-office life insurance firm responsible for over 25% of Pacific Life’s policy count in Orange County, California in 2017, and 39% of Penn Mutual’s life insurance policy sales in the county in 2019.
Many affluent professionals and business owners need to catch up to the traditional wealth threshold for certain strategic tools.
One such tool, premium-financed life insurance, remains underutilized and often misunderstood.
In this episode, Ken New speaks with the Founder of Lionsmark Capital Darren Sugiyama. Together, they delve into the intricacies of premium-financed life insurance and its role in retirement and estate planning. By drawing parallels with familiar concepts like mortgages, Darren breaks down how high-income earners can leverage life insurance to their advantage, even if they don’t meet the conventional wealth benchmarks. The discussion provides clarity on the benefits of the death benefit, the tax efficiencies to be gained, and the strategic incorporation of life insurance into one’s retirement plan so you can optimize your financial strategies using premium financing.
Darren Sugiyama discusses:
- Premium financing and its role in tax strategies
- The significance of the death benefit in financial planning
- Traditional IRAs, Roth IRAs, and cash-value life insurance policies
- Working with CPAs
- And more
Resources:
- 2024 Premium Financed Life Insurance: The Key To Effective Estate Tax Planning
- How I Built A $37 Million Insurance Agency In Less Than 7 Years
- The Takeo Effect: How A Billionaire Samurai Warrior Saved My Life
Connect with Ken New:
-
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Connect with Darren Sugiyama:
- LinkedIn: Darren Sugiyama
- Email: Darren@LionsmarkCapital.com
- LionsmarkCapital.com
- DarrenSugiyama.com
About our Guest:
Darren Sugiyama is the founder of several businesses starting with his employee benefits firm, Apex, which he started in 2003.
In 2010, Darren and his wife Emilia launched Pacific Bay Insurance Group, garnering the Colonial Life Agency Of The Year Award in their second year. Expanding his business portfolio, he founded DaVinci, which played a substantial role in selling life insurance policies in Orange County.
In 2016, Darren established Lionsmark Capital, emerging as a prominent premium financing intermediary firm in the life insurance industry. Lionsmark offers distinctive lending options and proprietary 8-figure life insurance solutions to affluent clients across the nation.
Recognized as an 11-time internationally acclaimed author, motivational speaker, business coach, and mentor, Darren shares his unconventional business-building methods through live and virtual events and private coaching sessions.
Navigating the complex world of tax credits can be daunting, but it is crucial if you want to take full advantage of the opportunities available to you.
In this insightful episode, Ken New and guest Ryan Foncannon, Managing Partner @ S.W.A.N. VFO, explore the lucrative realm of tax credits with a special focus on the solar business purchase strategy. By taking advantage of green energy initiatives, such as installing solar panels on commercial properties, listeners can tap into the Investment Tax Credit (ITC) program for impressive tax credits, enhanced cash flow, and valuable depreciation deductions.
Together, they shed light on historical tax credits, the benefits they hold for real estate owners and how staying educated is the key to capitalizing on these sophisticated tax strategies.
Ken and Ryan discuss:
- Tax credits for business owners and high-earning W-2 employees
- The impact of the Investment Tax Credit (ITC) program
- Green energy initiatives
- And more
Resources:
- Capturing Tax Deductions on Money You Are Already Spending (Ep. 3)
Connect with Ken New:
-
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Connect with Ryan Foncannon:
- LinkedIn: Ryan Foncannon
- S.W.A.N. Virtual Family Office
About Our Guest:
Ryan Foncannon is a Managing Partner at S.W.A.N. Virtual Family Office (VFO), a multi-disciplinary firm that provides a family office experience for affluent clients and business owners. With over 14 years of experience in the financial services industry, he has earned the Series 65 and the National Social Security Advisor credentials, as well as the Certified Long-term Care designation. He is also an Advanced Tax Reduction Strategist at Estate Planning Team, where he helps clients implement the Deferred Sales Trust, a tax-deferral strategy for highly appreciated assets.
Ryan’s mission is to help business owners and high-income earners build wealth by repositioning what they pay to the IRS into income-producing assets, with huge upfront tax benefits. I also help them reduce their non-labor costs, insurance costs, and labor costs, and leverage 21st-century robotic automation to grow their businesses. Additionally, he offers them a Roth alternative with no income limits, and a 2:1 to 6:1+ leveraging for each dollar going into the program. This allows them to create tax-free income for retirement, as well as advanced charity and estate planning. He is passionate about delivering a wide range of state-of-the-art expertise, by structuring cohesive teams of specialists for each client and driving down costs for both him and his clients.
Have you considered adding private securities to your investment plan? How can private markets offer a mix of income and growth, higher yields, and potentially reduced market risk in your investments?
Ken New, joined by guest Alan Hardee, discusses the role of private securities in diversifying investment portfolios. Together they focus on the potential benefits of private markets, which include a mix of income and growth, potentially higher yields, and lower correlation to public markets, thus potentially reducing risk. They outline the due diligence process for selecting private investments, focusing on established companies with solid track records.
Ken and Alan discuss:
- The advantages of private securities over traditional publicly traded stocks and bonds
- What risks are associated with private investments
- How due diligence is conducted for selecting private securities for investment portfolios
- What potential benefits do private securities offer, including aspects of growth, income, and tax advantages
- And more
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Connect with Alan Hardee:
- LinkedIn: Alan Hardee
- Brookwood Wealth Management
- alan@brookwoodwealth.com
About our Guest:
Alan Hardee began his career in 1987 and has been helping others with investment and financial planning for over three decades. As the only wealth manager or investment professional in the state of Tennessee to simultaneous hold a law license, the Certified Financial Planner (CFP®) designation, and the Chartered Life Underwriter (CLU®) designation, Alan has distinguished himself from the large crowd of stock brokers, wealth managers, and other investment professionals whose scope of expertise and experience is relatively limited. Although practicing law is not his profession, his legal background serves him well in evaluating private equity investment opportunities for his clients.
Have you considered using life insurance as a tax-saving tool for the next generation? High net-worth families have been using them for years, and so could other families.
Discover premium financing, a method used to fund substantial life insurance policies for affluent individuals with Ken New and his guest Darren Sugiyama, founder and CEO of Lionsmark Capital. They shed light on how it can be leveraged to manage estate tax obligations and the significance of having liquidity.
Darren discusses:
- What is premium financing and how does it fit within estate planning
- How can life insurance provide liquidity for estate taxes
- The Bushido Code of Samurai and how it relates to his work
- His advocacy for expanding premium financing to populations beyond millionaires
- Why is it important to educate clients about the risks and benefits of premium financing
- And more
Connect with Ken New:
-
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Connect with Darren Sugiyama:
- LinkedIn: Darren Sugiyama
- Lionsmark Capital
About our Guest:
Darren Sugiyama is the founder & CEO of Lionsmark Capital. Prior to Lionsmark, Darren founded DaVinci Financial & Insurance Associates, a multi-office life insurance firm responsible for over 25% of Pacific Life’s policy count in Orange County in , California in 2017, and 39% of Penn Mutual’s life insurance policy sales in the county in 2019.
Tax planning for future income can be a great start to tax savings. But what if you could start tax planning today and save on money you are already spending?
Listen in as Ken New speaks with Ryan Foncannon, MBA, managing partner at S.W.A.N. They explore advanced tax deduction strategies focused on the money you are already spending and how to turn that spending into tax savings. They emphasize collaboration between tax professionals and financial advisors, education for clients, and the potential for significant tax savings
Ken and Ryan discuss:
- How can one capture tax deductions on money that is already being spent
- When can food and travel expenses be utilized for business purposes
- How do tax deductions differ from tax credits
- What are some examples of tax credits available for businesses and individuals
- Have you heard of the Augusta rule? Or the three martini rule?
- And more
Connect with Ryan K. Foncannon:
- LinkedIn: Ryan Foncannon
- S.W.A.N.
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
About our Guest:
Ryan Foncannon is a Managing Partner at S.W.A.N. Virtual Family Office (VFO), a multi-disciplinary firm that provides a family office experience for affluent clients and business owners. With over 14 years of experience in the financial services industry, Ryan has earned the Series 65 and the National Social Security Advisor credentials, as well as the Certified Long-term Care designation. He is also an Advanced Tax Reduction Strategist at Estate Planning Team, where he helps clients implement the Deferred Sales Trust, a tax-deferral strategy for highly appreciated assets.
Is your CPA practice ready for a transformation? What if you could elevate your role without sacrificing your current income?
Join your host Ken New and Ian Welham, a Chartered Accountant, once more as they dive into how Certified Public Accountants (CPAs) can transition from tax preparation to proactive tax strategy and financial planning. They stress the importance of understanding clients’ needs, collaborating with financial advisors, and using a team-based model.
Ken and Ian discuss:
- Why is collaboration with financial advisors and using a team-based model important
- What challenges do accounting firms face when transitioning their business model
- Why should accountants consider partnering with team-based advisors
- Why CPAs and accounts must consider the needs of their clients when considering growth transitions
- And more
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Connect with Ian Welham:
- LinkedIn: Ian Welham
- Hayden Rock Solutions
About our Guest:
After qualifying as a Chartered Accountant with Ernst & Young, Ian Welham moved out of public practice and became CFO of a Barcelona-based publicly traded company. He also held CEO and COO positions in Hong Kong, The Netherlands, Belgium and the US. His team at HaydenRock works hands-on with CPA firms to maximize their profit potential – adding value, introducing new revenue streams and helping CPAs move into high-value advisory services.
In an era where technology’s rapid advancements are reshaping industries, CPAs find themselves at a pivotal crossroads. They’re not just adapting; they’re racing to transform their practices, focusing keenly on the future needs of their clients. This shift is more than a necessity—it’s a journey into the heart of innovation and relevance, where the only constant is change itself.
In this episode, host Ken New speaks with Ian Welham, a Chartered Accountant renowned for guiding CPA firms toward peak profitability and enhanced client relevance. Welham, also the host of The Accounting Success Podcast, discusses the imperative for CPAs to transition from a compliance-centric approach to a value-oriented business model. Their discussion centers on catering to high-net-worth clients by providing proactive and comprehensive advisory services. Ian emphasizes the significance of deeply grasping client needs through targeted diagnostic questionnaires and the strategic involvement of experts as necessary.
Ian discusses:
- The challenges CPAs face in a world dominated by technology
- The importance of proactive tax planning and developing long-term strategies
- How the role of accountants is evolving with new planning approaches
- The need for accountants to recognize the value of advisory services
- And much more.
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Connect with Ian Welham:
- LinkedIn: Ian Welham
- Hayden Rock Solutions
About our Guest:
After qualifying as a Chartered Accountant with Ernst & Young, Ian Welham moved out of public practice and became CFO of a Barcelona-based publicly traded company. He also held CEO and COO positions in Hong Kong, The Netherlands, Belgium and the US. His team at HaydenRock works hands-on with CPA firms to maximize their profit potential – adding value, introducing new revenue streams and helping CPAs move into high-value advisory services.
Securities offered through Center Street Securities, Inc. (CSS), a registered Broker Dealer & member of FINRA & SIPC. Investment Advisory Services offered through Center Street Advisors (CSA), a SEC registered Investment Advisor. Pinnacle Financial Wealth Management, CSA and CSS are independent entities. This is not tax advice. Please speak with a tax professional for any of your tax questions.
Join us for part 2 of “Discovering Your Investment Risk Tolerance” as we delve deeper into how risk appetite shapes investor choices and financial strategies.
In this episode, Ken New discusses the importance of understanding risk tolerance and its impact on investment decisions. He emphasizes the need for open communication between advisors and clients to determine appropriate levels of risk.
Ken dives into the dynamics of investment: why younger investors often lean towards bolder risks for capital growth, while their older counterparts lean towards safeguarding their assets and ensuring consistent income. As we navigate the investment journey, regularly realigning our strategies with our risk appetite becomes pivotal.
Ken discusses:
- The difference between older and younger investors in terms of risk tolerance, objectives and more
- The value of regularly reviewing your portfolio & how often you should be reviewing it
- Some of the conversations you should be regularly having with your advisor about risk tolerance
- How to adjust your risk tolerance based on your unique financial objectives
- And more
Resources:
- Discovering Your Investment Risk Tolerance: Part I (Ep. 17)
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Risk tolerance isn’t merely about your present investments; it shapes your response to market volatility and ensures your portfolio aligns with your specific desires and necessities. In this episode, Ken New explores the importance of understanding risk tolerance and its impact on investment strategies and portfolio management. He shares how he helps clients identify their … Continue reading Discovering Your Investment Risk Tolerance: Part I (Ep. 17) →
Just because you are retired doesn’t mean you can’t have fun. Many retirees want to include international travel in their retirement plans, from cruises to guided tours and more. In this episode, Ken New speaks with Karen Bense, owner of Air Land and Sea Travel, on how retirees can include adventurous travels in their retirement … Continue reading Adding International Adventure to Retirement Planning with Karen Bense (Ep.16) →
As you enter retirement, your investments become the source of your income. But how can you ensure that your assets will sustain you throughout your retirement? Join Ken New as he unveils the power of portfolio diversification. In this episode you will gain a profound understanding of why diversity is a crucial element in protecting … Continue reading Creating Secure Retirement Income Through Portfolio Diversification (Ep. 15) →
Discovering the perfect home marks merely the initial hurdle on your path to selecting the ideal place to build your life. However, it doesn’t end there. Have you pondered the intricacies of insurance and its financial implications? Is the community you’re eyeing genuinely tailored to meet your unique requirements? Moreover, have you considered the financial … Continue reading The Challenges of Finding and Buying the Right Home with Bill and Val Fillmore (Ep. 14) →
Many retirees are becoming nervous about the cost of homeowners insurance and what that means for their future spending. How much protection does insurance provide and what should clients keep an eye out for when it comes to additional costs? In this episode, Ken New is joined by Frank Hanrahan, Managing Director of RISK Strategies, … Continue reading Ensure Your Home is Protected with Frank Hanrahan (Ep. 13) →
Planning for retirement means thinking about taxes, retirement income, estate planning and the lifestyle during retirement. What will that retirement look like if the pieces don’t fit together? In this episode, Ken New explores what a family office is and how he works to provide the same level of care and planning through a virtual … Continue reading Creating a Coordinated Retirement Plan Through Virtual Family Offices (Ep. 12) →
Herbal medicine has been around for centuries, with different cultures having their own cures and uses for other plants. Today, herbalism still has a place in building a healthy lifestyle.
In this episode, Ken New speaks with Christine Slotin, founder and owner of Herbal Cottage, on how she helps customers find suitable herbal remedies for their health needs and the role of herbalism even in modern medicine.
Christine discusses:
- How herbal remedies fit within a healthy lifestyle
- Why do people turn to herbal remedies
- Where she sources her herbs and what she considers when buying them
- How her education and history with herbal remedies led to her business venture
- And more
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Connect with Christina Slotin:
- Herbal Cottage
- Facebook: Herbal Cottage
About our Guest:
Christina’s Herbalism Journey
Plants have always played a role in my life, I have fond memories of grinding fresh herbs and spices on a daily basis as a child and using my mom’s herbal remedies when I was ill. My work and studies brought me close to plants as well and I received a Bachelor’s degree in Environmental Science. As an adult, I continued to use herbs to maintain my own health and resolve serious health issues. And as a mother, I have been dedicated to using herbs, food therapy, and natural remedies as my family’s primary source of healthcare for the past twenty-one years.
In 2015, I took my first herbalism course with Joanna Helms RH of Mama Jo’s Sunshine Herbals in Indialantic, FL. Although I had been learning and using herbs and natural healthcare this was the first time I had learned about the history of herbal medicine in the United States. In this class, I also learned about the AHG, Michael and Leslie Tierra, and their pioneering work in the herbal world. I was introduced to beautiful systems of herbalism including TCM and Five Element Theory, Ayurveda, Western, and Native American plant medicine. I fell in love with learning about the energetics of plants and the history of use by different cultures. This course reconnected me with my own experiences with traditional forms of herbal healing that my mom had introduced me to as a child. It really opened my heart to what I wanted to do and I decided to pursue a new career path as an herbalist. My professional studies began eight years ago when I enrolled in the East-West Professional Herbalist Course offered by Michael Tierra. I completed the coursework and since then I have attended seminars and completed extensive training, and self-study in Traditional Chinese Medicine, Ayurvedic and Western Herbalism, herbal formulation, traditional therapies, food therapy, advanced assessment, and am currently involved in a professional mentorship program.
Are you preparing for your retirement solely with financial security in mind? While money is undoubtedly important, it can only take you so far if your physical and mental health is not up to par.
In this must-listen episode, Ken New sits down with the incredible Suzanne Elliott, Principal and Superintendent of Brevard County’s largest Yoga and Pilates School, to explore the powerful connection between a healthy mind and body and a fulfilling retirement. Suzanne shares her personal journey of overcoming her family’s health struggles and how it inspired her to prioritize wellness in her own life. Get ready to be inspired to take action toward a vibrant and joyful retirement!
Suzanne discusses:
- Why she started on her health journey
- How hot yoga introduced the balance between mental health and physical health
- The five critical aspects of the mind
- The importance of being present when working on your body
- And more
Connect with Suzanne Elliott:
- LinkedIn: Suzanne Elliott
- Yoga On The Island
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
About our Guest:
Principal and Superintendent of the largest Yoga and Pilates School in Brevard County. Master Teacher of all ages and levels of Students. Yoga Sports Coach and serves as a Board Member on USA Yoga, a national non-profit and local Keep Brevard Beautiful and H.E.A.R.T. non-profit organizations. Partners with KBB in the Litter Quitter and Adopt-A-Shore programs teaching Yoga and hosting Clean-ups on Saturdays for sunrise. Known for community outreach, Suzanne works with children, teens, special needs, athletes, and retirees for rehabilitation and recovery from injuries and surgeries.
Are you curious about how the aging American population is affecting Medicaid benefits for those 18 and above?
Join Ken New and special guest Alecia Barnette, the Senior Vice President of Care Planning Solutions with the Financial Independence Group, as they explore retirement healthcare planning and share expert insights on creating a comprehensive long-term care plan for you or your loved ones. Listen in as they explore essential topics that can help you plan for a comfortable retirement and protect your family’s financial future.
Here’s what you can expect:
- An in-depth discussion on the future of Medicaid benefits as the American population ages
- Expert insights on the risk of not planning ahead and how it can impact your family
- A breakdown of different healthcare packages you should consider investing in
- Valuable advice on how to plan for the care you or your loved one would want
- And much more!
Resources:
- Roadmap To Retirement: Building Your Retirement Medical Care Income
- LongTermCare.gov
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
About Alecia Barnette:
- LinkedIn: Alecia Barnette
About our Guest:
An Appalachian State and Gardner-Webb alumna, Alecia is a national speaker with over 20 years of care planning experience, highlighted by her Certification for Long-Term Care (CLTC).
Alecia began working as the Health Marketing Director at The Insurance Center in Charlotte, NC in 1995. Three years later, The Insurance Center and Financial Independence Group, Inc. merged; overseeing the entire transition and bringing our health insurance business to unprecedented heights. Now the Senior Vice President in the Care Planning department, Alecia’s 20+ years of experience is evident to advisors across the country.
Specializing in providing asset-based LTC case designs to highly successful advisors, Alecia’s main purpose is to assist advisors in protecting their clients and their client’s families from the physical and emotional consequences of unexpected care needs.
Alecia’s use of holistic approaches and strong ethics – along with her desire to grow and solid commitment – make her an invaluable asset to any financial advisor seeking care planning assistance.
When she’s not helping advisors protect their clients, you can find Alecia running, traveling, or boating on Lake Norman.
Don’t let medical expenses eat away at your retirement savings! Aging brings several challenges, including financial ones. But, what if you could prepare for the medical side of retirement planning?
In this episode, Ken New focuses on the medical side of retirement planning. He explores different medical issues that could arise and strategies to build financial protection for future medical expenses without spending the entirety of your retirement income.
Ken discusses:
- How to start the conversation of medical care during retirement
- Three examples of using the Cares Act and the Secure Act for a desired retirement outcome
- The two main paths your money can take during retirement
- Why preparing for medical care is crucial instead of relying on family
- …and so much more!
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
How would you envision your retirement?
Would you like to travel the world, pursue your hobbies, or aim to leave an inheritance? What do you want your legacy to be?
In this episode, Ken New delves into the topic of retirement planning and highlights the similarities and differences between planning for an average-income household versus high-net-worth individuals. He explores the essential factors that apply to all retirement plans and the role of real estate assets in retirement planning.
During the episode, Ken covers the following topics:
- The four fundamental themes of retirement planning and their significance
- The impact of changes in life expectancy on retirement income planning
- Why real estate may not always be the optimal asset to include in retirement plans
- The calculation of taxes for real estate during retirement
- And much more
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Unleash the Power of Tax Planning: Ken New Takes on the Biggest Challenge for Retirees!
Ken New is on a mission to help retirees protect their hard-earned savings from the jaws of taxes. Join him as he explores the world of tax planning and demystifies the often confusing terms associated with it. Ken will also showcase real-life examples of how the strategic use of different retirement accounts can shield your retirement income from required minimum distributions. Discover how these tax-saving strategies differ from conventional methods of growing your assets.
In this episode:
- Unlock the secrets of tax planning: Master the most common terms with ease!
- Give to charity, keep more for yourself: Discover how charitable giving can save you big on taxes!
- The Roth conversion loophole: Learn how to shield your IRA assets and secure your retirement!
- Fight inflation with confidence: Find out how to ensure you have enough retirement income for daily living!
- And so much more: Get the inside scoop on all the tax planning tricks you need to know!
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Every person has been told to be cautious when it comes to sharing their personal information. With financial advisors, that personal information could be the difference between a boilerplate retirement plan and a personalized plan.
In this episode, Ken New delves into the importance of personalization in retirement planning. He explains how working closely with clients to understand their unique needs and goals can lead to the creation of a tailored and protected retirement plan. Ken shares examples of how he has helped clients align their desires with the realities of retirement living, and how he works to minimize risk and maximize financial stability. Join Ken as he discusses the challenges of sharing personal information, the devastating impact of losing money in retirement, and the strategies for reducing risk through smart asset spending.
In this episode, learn about:
- The concerns clients may have about sharing personal information and how financial advisors work to protect their client’s sensitive data
- The detrimental impact of losing money during retirement and the difficulty of earning it back, and how personalized financial planning can help mitigate this risk
- Strategies for reducing risk in retirement plans by creating a detailed timeline of asset spending, and how financial advisors can guide clients through
- The role of financial advisors in providing essential information and guidance to clients, and how they can help clients achieve their financial goals
- And more valuable insights on how to approach retirement planning in a personalized and effective way.
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
After retirement, your investments become your primary source of income. What strategies can you use to protect your retirement income without a steady paycheck?
In this episode, Ken New focuses on the endowment strategy as a way to safeguard retirement investments from taxes or market fluctuations. He offers insights on how to streamline retirement accounts and provide alternative investment options that can help weather losses.
Tune in for practical tips on protecting your retirement income.
Ken discusses:
- Strategies for minimizing taxation by dividing retirement savings rather than transferring them all at once
- The impact of a market loss on recovery efforts and how to prepare for it
- The role of real estate investments in mitigating taxation
- The shift away from traditional stocks and the reasons behind it
- And more!
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Are you on track to achieve the retirement of your dreams? Join Ken New as he uncovers the secrets to a successful retirement in the first installment of the Roadmap to Retirement series.
Learn about the 5 key fundamentals of retirement planning: Income Planning, Investment Planning, Tax Planning, Health Planning, and Legacy Planning. These fundamentals are essential to achieving the retirement and lifestyle of your dreams.
Discover the importance of income planning and learn how to evaluate all the potential sources of income for your household and maximize their potential. Plus, get tips on how to ensure you don’t run out of money in retirement.
Ken discusses:
- The number one question all baby boomers have about income planning
- How to effectively manage your biggest sources of income and expenses
- How your tax situation might change in retirement and how to plan for it
- The impact of inflation and interest rate hikes on your income plan
- How to take control of your financial future and secure the retirement you deserve
- And more
Connect with Ken New:
- (321) 454-3623
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
Are you looking for expert guidance on how to plan for your financial future and retirement?
Look no further than Pinnacle Financial Wealth Management’s latest podcast episode, where we introduce you to our team and the proven strategies and processes we use to engineer retirement plans for our clients.
Join Ken New, the Founder, and Owner of Pinnacle Financial Wealth Management, and team members Jenny Moore and Jennifer Gerrow as they dive into five financial fundamentals that are essential for your roadmap to retirement.
Meet our team as they share their expert insights and ideas on a variety of topics:
- Discover the concept of holistic planning and how it relates to financial planning
- Find out about the Pinnacle Financial Retirement Blueprint and how it can help guide your financial planning journey
- Learn about the client services offered by Pinnacle Financial Wealth Management and how they provide information to potential clients
- Explore the ways in which the Covid-19 pandemic has impacted the way advisors communicate with clients
- Plus, stay tuned for even more valuable insights and information on financial planning and retirement.
Connect with Jenny Moore:
- Jenny@pinnaclefinancialwealthmgmt.com
Connect with Jennifer Gerrow:
- LinkedIn: Jennifer Gerrow
- Jennifer@pinnaclefinancialwealthmgmt.com
- 321-454-3623
Connect with Ken New:
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
About our Guests:
Jenny Moore joined Pinnacle Financial Wealth Management in 2016. In her current role as Business Operations Manager, she directly supports our financial advisors and guides each of our clients through the processes surrounding all financial transactions from beginning to completion. Jenny has many years of professional experience in customer service and office administration. Her attention to detail and her organizational skills enable her to deliver excellent results.
Jennifer Gerrow joined the Pinnacle Wealth Team in 2020. She has experience in customer service and management and will provide our clients with personal concierge service. As Director of Client Services, Jennifer provides scheduling and customer care to all of our clients, as well as, marketing and event coordination.
When looking for the right advisor, you want someone who focuses on the person as much as they focus on the numbers.
In this inaugural episode, Ken New shares his journey to becoming the financial advisor he is today, from his first job to his current company and everything in between. Ken reveals the lessons he’s learned throughout his career and how they help guide his own personal and professional philosophies to run the successful business he has today. Ken sheds light on the values he lives by, how he carries them into his role at Pinnacle Financial, and what differentiates him from the rest.
Ken discusses:
- His personal story and lessons that have helped shape him as a person
- How he takes care of himself emotionally, physically, spiritually, and intellectually
- His definition of success in personal and professional relationships
- Activities he incorporates into his daily routine that help him unlock his highest potential
- Insight into who he is outside of work and a sneak peek into his home and travel life
- And more!
Connect with Ken New:
- LinkedIn: Ken New
- Pinnacle Financial Wealth Management
About Ken New:
Ken New is committed to helping retirees and pre-retirees understand financial strategy. Since 1997, he has spent time discovering options for income planning with a definitive strategy to reduce taxes. Ken explains options for growth to clients that will raise the probability that they will not outlive their income. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. Ken is a resident of Viera, Florida, and is happily married to his wife, Linda. He enjoys spending time with his wife, daughter, Lindsey, and granddaughter, Adalyn.