Baltimore Washington Financial Advisors Podcasts: Recent Episodes
BWFA
HOW CONSERVATIVE SHOULD
YOUR RETIREMENT PORTFOLIO BE?
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| Tyler Cunningham,CFP®, CEPS, CDFA®Financial Planner | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Can being too conservative with your investments create risks of its own?
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Financial Planner Tyler Cunningham about balancing stability and growth throughout retirement. Tyler explains why moving too heavily into cash and bonds may reduce market volatility but can also limit long-term growth and purchasing power.
They also discuss how cash, fixed income, and growth-oriented investments can serve different purposes within a retirement portfolio. Ultimately, the right balance depends on your income needs, financial situation, risk tolerance, and long-term goals.
Explore how BWFA can help you build a financial plan designed around your retirement goals by visiting our Financial Planning page.
What You’ll LearnHow conservative should your retirement portfolio be?A retirement portfolio should balance stability with enough growth to support the investor’s long-term needs. Holding too much in cash and bonds may reduce market volatility, but it can also limit growth and expose retirees to purchasing power risk. Because retirement may last decades, the appropriate balance should reflect longevity, income needs, risk tolerance and the investor’s broader financial plan.
Should retirees still invest in stocks during retirement?Stocks may continue to play an important role in a retirement portfolio, depending on the investor’s circumstances. BWFA Financial Planner Tyler Cunningham notes that even a 75-year-old retiree could have another 20 years to plan for. Maintaining some growth-oriented investments may help a portfolio keep pace with inflation and support financial needs later in retirement.
How can retirees manage market volatility without becoming too conservative?Retirees may be able to manage volatility by maintaining cash and fixed income investments for near-term expenses while allowing growth-oriented investments time to recover. Tyler discusses keeping different levels of risk within a retirement portfolio. Having more conservative assets available for withdrawals may reduce the need to sell stocks during a market downturn.
Should your investment strategy change as you get older?Age alone should not determine a retiree’s investment strategy. Income, expenses, pensions, risk tolerance, future needs and the intended purpose of the assets should also be considered. For example, assets intended for future generations may be invested differently from money needed for current living expenses. Ultimately, portfolio decisions should be evaluated within the retiree’s broader retirement plan.
More from the Investing In Your Retirement Series
Episode 1: Could Your Withdrawal Strategy Hurt Your Retirement?.
Episode 2: How Much Cash Should You Keep in Retirement?
Episode 3: How Conservative Should Your Retirement Portfolio Be?
HOW MUCH CASH SHOULD YOU
KEEP IN RETIREMENT?
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| Tyler Cunningham,CFP®, CEPS, CDFA®Financial Planner | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Many retirees believe holding more cash is the safest way to protect their savings. However, keeping too much money on the sidelines can create a different kind of risk.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Financial Planner Tyler Cunningham about how much cash retirees should keep on hand and why purchasing power matters. Tyler explains how inflation can quietly reduce the value of cash over time, even when account balances appear unchanged. He also discusses how a properly structured portfolio can provide liquidity while allowing long-term investments to continue growing.
To learn more about BWFA’s Financial Planning services, visit our Financial Planning page.
Read Full DescriptionHolding cash can provide peace of mind. However, keeping too much cash in retirement may limit your portfolio’s ability to grow. Over time, inflation can reduce purchasing power, even when your account balance appears unchanged.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Financial Planner Tyler Cunningham about finding the right balance between accessibility and long-term growth. Tyler explains why retirees often need less cash in the bank than they expect. Instead, a well-structured portfolio can provide income while helping investments continue working toward future goals.
The conversation also explores retirement income “buckets,” including cash reserves and fixed income investments. Tyler explains how these strategies may help retirees cover unexpected expenses without selling stocks during periods of market volatility. In addition, he discusses why purchasing power risk deserves as much attention as market risk when planning for retirement.
Topics include:
- How much cash retirees should keep
- Purchasing power risk
- Inflation and retirement
- Cash reserves versus emergency funds
- Retirement income buckets
- Managing market volatility
Whether you’re preparing for retirement or already retired, understanding the role cash plays within your financial plan can help you make more informed decisions about your long-term financial future.
More from the Investing In Your Retirement Series
Episode 1: Could Your Withdrawal Strategy Hurt Your Retirement?.
Episode 2: How Much Cash Should You Keep in Retirement?
MORE THAN A RIDE: HOW NEIGHBOR RIDE HELPS SENIORS STAY CONNECTED
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| Sandy Hornor | CEPSManaging Director, Wealth Management & Executive Manager | Bruce FultonExecutive DirectorNeighbor Ride | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Transportation is about more than getting from one place to another. For many older adults, it helps maintain independence, build social connections, and support a higher quality of life.
In this episode of Healthy, Wealthy & Wise, Tessa Hall and Sandy Hornor are joined by Bruce Fulton, Executive Director of Neighbor Ride. They discuss how the Howard County nonprofit connects adults aged 60 and older with volunteer drivers. Together, they explore how the organization helps riders reach medical appointments, grocery stores, social activities, and other important destinations.
The conversation also highlights the value of volunteerism and the importance of staying connected during retirement. In addition, Bruce explains how community partnerships strengthen Neighbor Ride’s mission. BWFA is proud to sponsor Neighbor Ride’s volunteer driver program and support its commitment to neighbors helping neighbors.
Learn more about Neighbor Ride by visiting https://neighborride.org/.
Read Full DescriptionRetirement is about more than financial security. It also means maintaining your independence, staying socially connected, and continuing to enjoy the activities that make life meaningful.
In this episode of Healthy, Wealthy & Wise, Tessa Hall and Sandy Hornor welcome Bruce Fulton, Executive Director of Neighbor Ride. The Howard County nonprofit connects adults age 60 and older with volunteer drivers who provide transportation to medical appointments, grocery stores, social events, and other important destinations. As a result, older adults can remain active and engaged in their communities.
Bruce explains how Neighbor Ride grew from a small community initiative into one of the region’s leading volunteer transportation programs. Today, hundreds of volunteer drivers provide thousands of rides each year while building meaningful relationships with the people they serve. The conversations that happen during each ride often become just as valuable as the transportation itself.
The discussion also highlights the importance of community, volunteerism, and planning for life beyond finances. Sandy shares why BWFA is proud to sponsor Neighbor Ride’s volunteer driver program and support an organization that helps older adults remain connected, independent, and engaged throughout retirement.
To learn more about Neighbor Ride, request transportation services, or become a volunteer driver, visit https://neighborride.org/.
COULD YOUR WITHDRAWAL STRATEGY
HURT YOUR RETIREMENT?
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| Tyler Cunningham,CFP®, CEPS, CDFA®Financial Planner | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Could your retirement withdrawal strategy have a greater impact than your investment returns?
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Financial Planner Tyler Cunningham about sequence of returns risk and why the timing of withdrawals can significantly influence retirement outcomes. Although two retirees may earn the same average rate of return, the order in which those returns occur can produce very different long-term results.
Tyler explains why creating cash reserves, strategically structuring retirement income, and understanding distribution options can help reduce unnecessary risk. He also discusses when rolling assets from an employer-sponsored retirement plan to an IRA may provide greater flexibility for managing retirement income.
To learn more about BWFA’s Financial Planning services, visit our Financial Planning page.
Read Full DescriptionTwo retirees can have nearly identical portfolios and earn the same average rate of return. Yet one may reach a very different financial outcome than the other. One reason is sequence of returns risk, which refers to the order in which investment gains and losses occur after retirement.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Financial Planner Tyler Cunningham about why withdrawal timing matters. Tyler explains how taking retirement distributions during a market decline can permanently reduce a portfolio’s value. He also discusses why preparing before retirement is just as important as selecting the right investments.
The conversation explores practical strategies that may help reduce sequence of returns risk. Tyler explains why maintaining cash reserves or fixed income investments can help retirees avoid selling investments during market downturns. He also discusses how creating separate income “buckets” may improve long-term retirement outcomes.
The episode also examines the differences between employer-sponsored retirement plans and IRAs. Tyler explains why IRAs often provide greater flexibility when selecting which investments to sell for retirement income. In addition, he discusses common withdrawal mistakes and why distribution planning should consider both investment performance and taxes.
ARE YOU MISSING TAX BENEFITS WHEN YOU GIVE TO CHARITY?
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| Sandy Hornor | CEPSManaging Director, Wealth Management & Executive Manager | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Giving to charity is about more than choosing the organizations you want to support. The way you give can also affect your taxes and your overall financial plan.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with Sandy Hornor about charitable giving tax strategies, including donor-advised funds, qualified charitable distributions (QCDs), and bunching charitable contributions. They explain how these strategies may help eligible individuals maximize tax benefits while supporting the causes that matter most.
To learn more about tax-efficient financial planning services, visit our Tax Planning page.
Read Full DescriptionAmericans donate hundreds of billions of dollars to charity each year. However, many people overlook opportunities to make those gifts more tax-efficient. Understanding how you give can be just as important as deciding where you give.
In this episode of Healthy, Wealthy & Wise, Tessa Hall sits down with Sandy Hornor to discuss charitable giving tax strategies. Together, they explore ways individuals and families may maximize the impact of their donations while potentially reducing their tax burden.
The conversation examines donor-advised funds and how they work. Sandy explains the flexibility they offer and why they can be an effective tool for long-term charitable giving. He also discusses qualified charitable distributions (QCDs), how they interact with required minimum distributions (RMDs), and why they may be an important strategy for charitably inclined IRA owners.
Next, the episode introduces the concept of bunching charitable contributions. This strategy allows some donors to combine several years of planned giving into a single tax year. As a result, they may increase available tax deductions. Throughout the discussion, Sandy emphasizes the value of thoughtful planning. He also explains how customized investment strategies and professional guidance can help align charitable goals with a broader financial plan.
Topics include:* What a donor-advised fund is * DIY versus advisor-managed donor-advised funds * Giving appreciated securities * Qualified charitable distributions (QCDs) * Required minimum distributions (RMDs) * Bunching charitable contributions * Tax-efficient charitable giving * Building a charitable legacy
Whether you’re already giving to charity or looking for more tax-efficient ways to support the causes you care about, this episode provides practical insights into charitable giving strategies that may fit within your overall financial plan.
STIFF AND SORE NO MORE
NATURAL REMEDIES FOR CHRONIC ACHES AND PAINS
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| Tessa HallMedia and CommunicationsSpecialist | Emily Telfair, NDNaturopathic Doctor |
About This Episode
Tessa Hall speaks with naturopathic doctor Dr. Emily Telfair about natural approaches to managing chronic aches and pains. They discuss inflammation, nutrition, herbal therapies, topical remedies, movement, and mindfulness techniques that may help improve mobility and quality of life.
The conversation also explores how chronic pain affects both physical and emotional well-being while highlighting practical, low-risk strategies that may complement traditional medical care.
Read Full DescriptionChronic aches and pains can affect much more than physical comfort. They can limit mobility, interrupt daily activities, reduce quality of life, and even impact emotional well-being. While medications may provide relief for some people, many individuals are interested in exploring additional ways to manage pain through nutrition, lifestyle changes, and natural therapies.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with naturopathic doctor Dr. Emily Telfair about a holistic approach to managing chronic pain. Dr. Telfair explains the role inflammation plays in the body and why understanding the underlying cause of pain is often just as important as treating the symptoms themselves. She also discusses the differences between acute and chronic pain, how inflammation develops, and why pain can affect both physical and emotional health.
The conversation discusses various natural methods that may help manage pain, including anti-inflammatory nutrition, herbal therapies, hydrotherapy, topical treatments, and movement. Dr. Telfair shares research on ingredients like turmeric, boswellia, ginger, and bromelain, explaining how these approaches can help reduce inflammation. She also talks about practical remedies such as arnica, castor oil, Epsom salt baths, contrast hydrotherapy, and even the unexpected use of cabbage leaves as a traditional remedy for certain joint discomforts.
In addition to physical treatments, Dr. Telfair explains why stress management, mindfulness, and maintaining regular movement can be important components of long-term wellness. She discusses yoga, tai chi, massage therapy, craniosacral therapy, walking, and other techniques that may help improve flexibility, mobility, and overall quality of life. Throughout the conversation, she emphasizes working alongside healthcare professionals before making changes to medications or treatment plans and encourages listeners to view natural therapies as complementary tools that may support overall health and well-being.
TOP RETIREMENT MISTAKES
WILL YOU SPEND TOO MUCH IN RETIREMENT?
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| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner | Tessa HallMedia and Communications Specialist |
About This Episode
Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about retirement spending and why many people underestimate the income they will need in retirement. They discuss spending habits, budgeting assumptions, and practical planning strategies that can help support long-term financial goals.
This episode is part three of BWFA’s Top Retirement Mistakes series, which explores common retirement planning mistakes and strategies to help avoid them.
To learn more about retirement planning, visit our Financial Planning page.
Read Full DescriptionMany retirees assume their expenses will decline once they stop working. In reality, spending often increases during the early years of retirement.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about retirement spending and why accurately estimating expenses is essential to a successful financial plan.
They discuss the “go-go, slow-go, no-go” years of retirement, common budgeting mistakes, and BWFA’s approach to estimating retirement expenses. Thad also explains why reviewing spending assumptions regularly can help retirees stay on track as goals and lifestyles evolve.
This episode is part three of BWFA’s Top Retirement Mistakes series.
Top Retirement Mistakes Series
Episode 1: Why You Need an Estate Plan
Episode 2: Why Beneficiary Designations Matter
Episode 3: Will You Spend Too Much in Retirement?
Episode 4: The Retirement Risk Most People Miss
Episode 5: RMD Mistakes That Can Cost You
Episode 6: Why Retirement Planning Matters
TOP RETIREMENT MISTAKES
WHY YOU NEED AN ESTATE PLAN
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| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner | Tessa HallMedia and Communications Specialist |
About This Episode
Tessa speaks with BWFA Senior Financial Planner Thad Ismart about one of the most common retirement planning mistakes: not having an estate plan. They discuss wills, revocable living trusts, beneficiary designations, probate, powers of attorney, health care directives, and other documents that can help protect your wishes and make things easier for your loved ones.
This episode is the first in BWFA’s Top Retirement Mistakes series, which explores common retirement planning mistakes and the strategies that can help you avoid them.
To learn more about retirement planning, visit our Financial Planning page.
Read Full DescriptionEstate planning is about more than deciding who receives your assets. It is an important part of protecting your family, communicating your wishes, and preparing for the unexpected.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about why every retirement plan should include estate planning.
They discuss wills, revocable living trusts, beneficiary designations, probate, financial powers of attorney, health care directives, and letters of instruction. Thad explains how each document serves a different purpose and why relying on state law alone may not reflect your wishes.
The conversation also explores common misconceptions about probate, how jointly owned assets and beneficiary designations affect estate transfers, and why planning ahead can make things easier for loved ones during difficult times.
Whether you are preparing for retirement or updating existing documents, understanding the fundamentals of estate planning can help provide greater confidence for you and your family.
Top Retirement Mistakes Series
Episode 1: Why You Need an Estate Plan
Episode 2: Why Beneficiary Designations Matter
Episode 3: Will You Spend Too Much in Retirement?
Episode 4: The Retirement Risk Most People Miss
Episode 5: RMD Mistakes That Can Cost You
Episode 6: Why Retirement Planning Matters
TOP RETIREMENT MISTAKES
WHY BENEFICIARY DESIGNATIONS MATTER
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| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner | Tessa HallMedia and Communications Specialist |
About This Episode
Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about why beneficiary designations are one of the most overlooked parts of retirement planning. They explain how retirement accounts transfer, why beneficiary forms override a will, and when those designations should be reviewed.
This episode is part two of BWFA’s Top Retirement Mistakes series, which explores common retirement planning mistakes and strategies to help avoid them.
To learn more about retirement planning, visit our Financial Planning page.
Read Full DescriptionBeneficiary designations play a significant role in determining who receives your retirement assets. However, many people assume their will controls those accounts.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about beneficiary designations and why keeping them current is so important.
They discuss qualified retirement accounts, common beneficiary mistakes, and how outdated forms can create unintended consequences after major life events. Thad also explains how beneficiary designations interact with wills and trusts and why reviewing them after marriage, divorce, births, or deaths is an important part of retirement planning.
This episode is part two of BWFA’s Top Retirement Mistakes series.
Top Retirement Mistakes Series
Episode 1: Why You Need an Estate Plan
Episode 2: Why Beneficiary Designations Matter
Episode 3: Will You Spend Too Much in Retirement?
Episode 4: The Retirement Risk Most People Miss
Episode 5: RMD Mistakes That Can Cost You
Episode 6: Why Retirement Planning Matters
TOP RETIREMENT MISTAKES
WHY RETIREMENT PLANNING MATTERS
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| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner | Tessa HallMedia and Communications Specialist |
About This Episode
Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about why retirement planning is much more than choosing investments. They discuss how a comprehensive financial plan can help identify risks, evaluate opportunities, and adapt as your life changes.
This episode concludes BWFA’s Top Retirement Mistakes series, bringing together the key planning concepts discussed throughout the previous five episodes.
To learn more about retirement planning, visit our Financial Planning page.
Read Full DescriptionA retirement plan should do much more than determine how your investments are allocated.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about comprehensive retirement planning and how it brings together every aspect of your financial life.
They discuss investment strategy, insurance, emergency savings, tax planning, long-term care considerations, and how financial plans evolve as life changes. Thad explains why retirement planning is an ongoing process rather than a one-time event and why regular reviews can help keep your plan aligned with your goals.
As the concluding episode in BWFA’s Top Retirement Mistakes series, this conversation ties together the key concepts covered throughout the series and highlights the value of proactive financial planning.
Top Retirement Mistakes Series
Episode 1: Why You Need an Estate Plan
Episode 2: Why Beneficiary Designations Matter
Episode 3: Will You Spend Too Much in Retirement?
Episode 4: The Retirement Risk Most People Miss
Episode 5: RMD Mistakes That Can Cost You
Episode 6: Why Retirement Planning Matters
TOP RETIREMENT MISTAKES
RMD MISTAKES THAT CAN COST YOU
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| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner | Tessa HallMedia and Communications Specialist |
About This Episode
Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about Required Minimum Distributions (RMDs) and common mistakes that can create unexpected taxes and penalties. They also discuss rollover rules and strategies that can help retirees avoid costly errors.
This episode is part five of BWFA’s Top Retirement Mistakes series, which explores common retirement planning mistakes and strategies to help avoid them.
To learn more about retirement planning, visit our Financial Planning page.
Read Full DescriptionRequired Minimum Distributions are an important part of retirement planning, but misunderstanding the rules can lead to unnecessary taxes and penalties.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about RMD requirements, distribution timing, and rollover mistakes that retirees should avoid.
They explain how RMD rules apply to different retirement accounts, why delaying a first distribution may not always make sense, and how a simple rollover mistake can become a costly taxable event.
This episode is part five of BWFA’s Top Retirement Mistakes series.
Top Retirement Mistakes Series
Episode 1: Why You Need an Estate Plan
Episode 2: Why Beneficiary Designations Matter
Episode 3: Will You Spend Too Much in Retirement?
Episode 4: The Retirement Risk Most People Miss
Episode 5: RMD Mistakes That Can Cost You
Episode 6: Why Retirement Planning Matters
TOP RETIREMENT MISTAKES
THE RETIREMENT RISK MOST PEOPLE MISS
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| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner | Tessa HallMedia and Communications Specialist |
About This Episode
Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about sequence of returns risk and why market timing can significantly affect retirement income. They discuss withdrawal strategies, cash reserves, and planning techniques that can help reduce risk during market downturns.
This episode is part four of BWFA’s Top Retirement Mistakes series, which explores common retirement planning mistakes and strategies to help avoid them.
To learn more about retirement planning, visit our Financial Planning page.
Read Full DescriptionMarket declines early in retirement can have a lasting impact on your financial future.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about sequence of returns risk and why withdrawal timing matters.
They discuss how early market losses can affect retirement portfolios, why maintaining appropriate cash reserves can provide flexibility, and how a retirement paycheck strategy may help reduce the need to sell investments during market downturns.
The conversation also explains why balancing investment growth with income planning is an important part of retirement planning.
This episode is part four of BWFA’s Top Retirement Mistakes series.
Top Retirement Mistakes Series
Episode 1: Why You Need an Estate Plan
Episode 2: Why Beneficiary Designations Matter
Episode 3: Will You Spend Too Much in Retirement?
Episode 4: The Retirement Risk Most People Miss
Episode 5: RMD Mistakes That Can Cost You
Episode 6: Why Retirement Planning Matters
SELLING YOUR BUSINESS:
HOW TO SAVE MORE FOR RETIREMENT
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| Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPSSenior FinancialPlanner | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA Financial Planner Tyler Kluge about retirement plan options available to business owners. They compare SIMPLE IRAs, SEP IRAs, and individual 401(k) plans while explaining how contribution limits, business growth, and future hiring plans can influence the right strategy.
The conversation also explores profit-sharing contributions, plan flexibility, rollover opportunities, and ways business owners can maximize retirement savings. This episode is part three of BWFA’s Business Owner Series. To learn more about how BWFA can help with your exit strategy, visit our Merger and Acquisitions page.
Read Full DescriptionBusiness owners have several retirement plan options. However, choosing the right one depends on income, savings goals, and future business plans.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA Financial Planner Tyler Kluge about retirement plans designed for business owners. They compare SIMPLE IRAs, SEP IRAs, and individual 401(k) plans, discussing the advantages and limitations of each.
Tyler explains why an individual 401(k) may allow some business owners to contribute significantly more toward retirement. In addition, he discusses how employee and employer contributions work together to increase annual savings.
The conversation also explores profit-sharing contributions and how hiring employees may affect retirement plan decisions. Furthermore, Tyler explains why business owners should consider future growth before selecting a retirement plan.
Finally, they discuss rollover opportunities, plan flexibility, and when it may make sense to transition from one retirement plan to another as a business evolves.
Ultimately, selecting the right retirement plan can help business owners maximize tax-advantaged savings as they prepare for retirement. Working with experienced financial professionals can also help ensure your retirement strategy supports both your personal and business goals.
This episode is part three of BWFA’s Business Owner Series, which explores business planning, valuation, retirement strategies, and successful business transitions.
Selling Your Business Series
Part 1: The Timing Matters More Than You Think
Part 2: How Much Is Your Business Worth?
Part 3: How to Save More for Retirement
SELLING YOUR BUSINESS:
HOW MUCH IS YOUR BUSINESS WORTH?
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| Brian MacMillanManaging Director of Mergers and Acquisitions | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA Managing Director of Mergers & Acquisitions Brian McMillan about the factors that determine business value and why two companies with similar revenue can have dramatically different valuations. They discuss EBITDA, profitability, leadership teams, and the role buyers play in determining a business’s value.
The conversation also explores lifestyle businesses, owner involvement, and how planning can affect both valuation and the ease of a future sale. This episode is part two of BWFA’s Business Owner Series, which examines the planning decisions that influence successful business exits.
The Timing Matters More Than You Think
To learn more about how BWFA can help with your exit strategy, visit our Merger and Acquisitions page.
Read Full DescriptionDetermining the value of a business involves more than simply looking at revenue. Profitability, leadership, industry trends, and growth potential can all affect what buyers are willing to pay.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA Managing Director of Mergers & Acquisitions, Brian McMillan, about business valuation and the factors that influence a company’s value.
Brian explains how buyers evaluate businesses and why EBITDA plays such an important role in determining value. In addition, he discusses why two businesses with similar revenue may receive very different valuations.
The conversation explores industry trends and growth opportunities. It also examines the difference between lifestyle businesses and companies with established leadership teams. Furthermore, Brian explains why owner involvement can affect value and why businesses that operate independently of the owner often attract more buyers.
The episode highlights the importance of leadership, profitability, and long-term planning. As a result, these factors can influence the ease of a transaction. They can also affect the amount a buyer is willing to pay.
In addition, Brian discusses how leadership teams and owner involvement can affect both value and buyer interest. Businesses that operate independently of the owner often attract more potential buyers and may experience smoother transitions.
Ultimately, understanding business valuation can help owners make more informed decisions. More importantly, it can help them prepare for future opportunities and maximize the value they have spent years building.
This episode is part two of BWFA’s Business Owner Series. In future episodes, we will explore retirement planning strategies and other considerations that affect business owners and successful transitions.
Selling Your Business Series
Part 1: The Timing Matters More Than You Think
SELLING YOUR BUSINESS:
TIMING MATTERS MORE THAN YOU THINK
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| Brian MacMillanManaging Director of Mergers and Acquisitions | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA Managing Director of Mergers & Acquisitions Brian McMillan about one of the biggest decisions a business owner will face: when to sell their business. They discuss the difference between emotional and financial decision-making, how planning can impact business value, and why many owners wait too long to begin the process.
The conversation explores business valuation, financial readiness, and the interplay between personal and market timing. It also serves as the first installment in BWFA’s Business Owner Series, which examines the factors that influence successful business exits and long-term planning. To learn more about how BWFA can help with your exit strategy, visit our Merger and Acquisitions page.
Read Full DescriptionSelling a business is often one of the most significant financial decisions an owner will make. However, determining the right time to sell is not always straightforward.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA Managing Director of Mergers & Acquisitions Brian McMillan about business exit decisions. They discuss the factors that influence timing and why planning ahead can make a meaningful difference.
The discussion explores the difference between emotional and financial decision-making. Many owners begin considering a sale because of retirement, stress, or changing priorities. However, those who plan several years in advance often position themselves for stronger outcomes.
Brian explains how clean financial records can improve buyer confidence. He also discusses the benefits of professional accounting support and long-term preparation. Together, these factors can help maximize business value.
The conversation highlights common issues that can complicate a transaction. Examples include personal expenses running through the business and unrealistic valuation expectations. These issues can reduce buyer confidence and slow the process.
The episode also covers personal timing versus market timing. In addition, Brian discusses signs that an owner may have waited too long to start planning. He explains why understanding your financial position is important before making a decision.
Ultimately, selling a business involves more than finding a buyer. A thoughtful exit strategy can help business owners align their personal goals, financial needs, and long-term plans as they prepare for the next chapter of their lives.
This episode is part one of BWFA’s Business Owner Series. Future conversations will explore business valuation, retirement strategies, and other planning considerations that can affect a successful transition.
Selling Your Business Series
Part 1: The Timing Matters More Than You Think
Part 2: How Much Is Your Business Worth?
Part 3: How to Save More for Retirement
THE HIDDEN MILLIONAIRE:
ARE YOU WEALTHIER THAN YOU THINK?
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| Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Senior FinancialPlanner | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA Financial Planner Tyler Kluge about the concept of the “hidden millionaire”—individuals who have built substantial wealth through consistent saving but may not realize the opportunities available to optimize their financial lives. They discuss why saving money is only one piece of the puzzle and how thoughtful planning can help individuals make more informed decisions about investing, taxes, retirement, and estate planning.
The conversation explores cash reserves, forgotten retirement accounts, diversification misconceptions, tax planning, and the importance of understanding your complete financial picture. To learn more about how our financial planning services can help bring clarity to your goals, visit our Financial Planning page.
Read Full DescriptionSome people spend years diligently saving money without realizing how much wealth they have accumulated. Others build substantial assets across multiple accounts but never create a comprehensive financial plan.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA Financial Planner Tyler Kluge about the concept of the hidden millionaire. They discuss why financial planning goes beyond simply saving money.
Many people maintain large cash reserves without evaluating whether those assets align with their goals. Others forget about retirement accounts from previous employers. Some assume they are diversified simply because they have investments at multiple financial institutions.
Tyler explains why understanding your net worth is an important first step in the planning process. He also discusses how investment management, tax planning, retirement planning, and estate planning work together to create a more complete financial strategy.
The conversation also explores forgotten accounts, inefficient portfolio structures, and overlooked tax considerations. These issues can affect long-term financial outcomes. In addition, Tyler explains why individuals with substantial assets should consider how their wealth will transfer to future generations.
Ultimately, becoming a hidden millionaire often results from consistent saving habits. However, financial planning can help transform accumulated wealth into a strategy that supports your goals. It can also reduce complexity, provide greater confidence, and help ensure your resources are working effectively.
HOW MENOPAUSE AFFECTS MUSCLE, METABOLISM, AND HEALTH
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| Tessa HallMedia and CommunicationsSpecialist | Dr. Brooke BussardLifestyle Medicine PhysicianAuthor, Outsmarting Menopause |
About This Episode
Tessa speaks with Brooke Bussard, M.D., author of Outsmarting Menopause, about how women can better support their health during and after menopause. They discuss how estrogen affects the body, why strength training and nutrition become increasingly important, and how lifestyle choices can help support muscle, metabolism, body composition, and long-term wellness.
The conversation also explores hot flashes, fiber, gut health, soybeans, hormone replacement therapy, and why menopause should be approached as a whole-body transition. To learn more about Dr. Bussard and her book, visit her website or view Outsmarting Menopause on Amazon.
Dr. Bussard’s website:
https://drbrookebussard.com/
Purchase the Book
Read Full DescriptionMenopause affects far more than reproductive health. It can influence muscle, metabolism, body composition, sleep, inflammation, and long-term disease risk.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with Brooke Bussard, M.D., author of Outsmarting Menopause, about menopause and healthy aging. They discuss why estrogen plays such an important role throughout the body and what women can do as estrogen levels decline.
The conversation explains why strength training becomes especially important after menopause. Brooke discusses how heavier resistance training, including the 5×5 method, can help support muscle activation and long-term strength. She also explains how interval training may help women adapt their fitness routines during this stage of life.
Nutrition is another major focus. Brooke discusses how fiber supports gut health, reduces inflammation, supports metabolism, and promotes overall wellness. She also explains the difference between subcutaneous and visceral fat, and why many women notice body composition changes around the midsection during menopause.
The episode also explores research on soybeans and hot flashes, including a study that found a significant reduction in vasomotor symptoms after adding soybeans to the diet. Brooke explains why the results may relate to phytoestrogens, metabolites, or a combination of factors.
Ultimately, menopause is not only about symptoms. It is a major life transition that overlaps with aging. By focusing on strength, nutrition, sleep, physical activity, and lifestyle habits, women can take a more proactive approach to long-term health.
MEDICARE ADVANTAGE VS ORIGINAL MEDICARE:
KEY DIFFERENCES
WATCH ON YOUTUBE
| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner, BWFA | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA’s Thad about how to compare Medicare plans and what individuals should consider when evaluating coverage options. They explain the differences between Original Medicare and Medicare Advantage plans, along with how prescription coverage, Medigap policies, and supplemental benefits can affect overall costs.
The conversation also covers travel coverage, plan comparisons, and why many individuals overpay simply because they do not review their options regularly. To better understand how Medicare planning fits into your broader retirement strategy, visit our Financial Planning services page.
Read Full DescriptionChoosing a Medicare plan involves more than comparing monthly premiums. Coverage, deductibles, prescriptions, and long-term healthcare needs can all impact which plan makes the most sense.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA’s Thad about how to compare Medicare plans and evaluate different coverage options. They explain the differences between Original Medicare and Medicare Advantage plans, as well as how Medigap policies and prescription drug coverage fit into the overall picture.
The discussion also highlights why many individuals overpay for Medicare. In many cases, people continue using the same plan year after year without reviewing costs or comparing alternatives.
Travel coverage is another important consideration. Some Medicare Advantage plans may include coverage for healthcare outside the United States, while Original Medicare typically does not.
The episode also explains why comparing plans regularly matters. Even when benefits remain similar, pricing can vary significantly between providers.
Ultimately, Medicare planning requires balancing costs, flexibility, and healthcare needs. Understanding your options can help you make more informed decisions, avoid unnecessary expenses, and feel more confident about your healthcare coverage throughout retirement as healthcare needs and costs continue changing over time.
MEDICARE IRMAA EXPLAINED:
HOW INCOME AFFECTS PREMIUMS
WATCH ON YOUTUBE
| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner, BWFA | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA’s Thad about how income can affect Medicare premiums and what individuals should understand about IRMAA adjustments. They explain why Medicare reviews prior tax returns, how retirement or major income changes can impact premiums, and why some individuals pay more than others.
The conversation also covers Medicare premium appeals, capital gains considerations, and planning opportunities that may help reduce healthcare costs in retirement. To better understand how Medicare planning fits into your broader retirement strategy, visit our Financial Planning services page.
Read Full DescriptionMany individuals are surprised to learn that income can increase Medicare premiums.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA’s Thad about IRMAA, which stands for Income-Related Monthly Adjustment Amount, and how Medicare determines premium costs based on income.
The discussion explains why Medicare reviews tax returns from two years prior and how retirement, property sales, or investment gains can affect what you pay. While some premium increases are temporary, others may require additional planning.
The episode also highlights Medicare premium appeals. Individuals who retire or experience a significant drop in income may qualify for lower premiums, even if Medicare initially calculates costs using older tax returns.
Capital gains planning is another important topic. Selling property or investments can increase Medicare premiums if income rises above certain thresholds.
Ultimately, Medicare planning involves more than healthcare coverage alone. Understanding how income impacts premiums can help individuals make more informed retirement and tax planning decisions.
MEDICARE PLANNING:
WHY MEDICARE COSTS MORE THAN MANY PEOPLE EXPECT
| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner | Tessa HallMedia and CommunicationsSpecialist | LAWRENCE M. POSTCPA, MST, CFP®, CIMA®Senior Tax and Planning Advisor |
About This Episode
Tessa speaks with BWFA’s Larry and Thad about Medicare costs, including premium increases, prescription drug coverage, deductibles, and out-of-pocket expenses. They explain how Medicare pricing changes over time and why many individuals underestimate healthcare costs in retirement.
The conversation also covers Medicare Part D plans, IRMAA income adjustments, and why comparing plans each year can help reduce unnecessary expenses. To better understand how healthcare costs fit into your broader retirement strategy, visit our Financial Planning services page.
Full DescriptionHealthcare costs play a major role in retirement planning, and Medicare expenses continue to rise each year.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA’s Larry and Thad about Medicare costs and what individuals should understand when preparing for healthcare expenses in retirement. They explain how Medicare premiums, deductibles, and prescription drug costs have changed and why many retirees underestimate what they may pay over time.
The conversation also explores IRMAA, which stands for Income-Related Monthly Adjustment Amount. Individuals with higher incomes may pay additional Medicare premiums depending on their earnings.
Prescription drug coverage is another important topic. The episode highlights why reviewing Part D plans each year matters, since pricing and coverage can vary significantly between providers.
The discussion also explains how insurance works from a broader planning perspective. Healthcare coverage involves balancing premiums, deductibles, and financial risk, which means different approaches may make sense depending on individual circumstances.
Ultimately, understanding Medicare costs can help individuals make more informed decisions and better prepare for healthcare expenses throughout retirement.
MEDICARE PLANNING:
UNDERSTANDING YOUR MEDICARE OPTIONS
WATCH ON YOUTUBE
| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner, BWFA | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA’s Thad about Medicare planning and the differences between Original Medicare and Medicare Advantage plans. They explain how Medicare works, what the different parts cover, and why choosing the right structure can impact both costs and coverage.
The conversation also covers enrollment timing, penalties for late enrollment, and why reviewing prescription drug and supplemental coverage is important. To better understand how Medicare planning fits into your broader retirement strategy, visit our Financial Planning services page.
Read Full DescriptionMedicare planning can feel overwhelming, especially when trying to understand the differences between Original Medicare and Medicare Advantage plans.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA’s Thad about how Medicare works and what individuals should consider before enrolling. They explain the different parts of Medicare, including Parts A, B, C, and D, along with how each type of coverage functions.
The conversation also explores the differences between Original Medicare and Medicare Advantage plans. While Medicare Advantage offers a more streamlined, all-in-one approach, Original Medicare may provide more flexibility and lower costs in some situations.
Enrollment timing is another important part of Medicare planning. Missing deadlines can result in permanent penalties, so it’s important to understand when to enroll and which exceptions may apply.
The episode also highlights why reviewing prescription drug coverage and Medigap policies matters. Many individuals overpay simply because they do not compare plans or regularly review coverage options.
Ultimately, Medicare planning involves balancing costs, coverage, and long-term healthcare needs. Understanding your options can help you make more informed decisions and avoid unnecessary expenses in retirement.
SOCIAL SECURITY TAXES AND DIVORCE: KEY DETAILS TO CONSIDER
FROM BALTIMORE-WASHINGTON FINANCIAL ADVISORS
WATCH ON YOUTUBE
| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner, BWFA | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA’s Thad about Social Security planning and how divorce, survivor benefits, and taxes can impact your retirement income. They explain how benefits work for divorced individuals, including eligibility requirements and timing considerations.
The conversation also explores how survivor benefits differ from spousal benefits and what individuals should consider when deciding when to start benefits. In addition, they explain how Social Security is taxed and show why a full view of your financial picture matters. To better understand how Social Security planning fits into your broader retirement strategy, visit our Financial Planning page.
Read Full DescriptionSocial Security planning involves more than deciding when to start benefits. It also requires understanding how divorce and taxes impact your retirement income.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA’s Thad about Social Security planning and how life events affect your benefits. Many individuals assume that divorce eliminates eligibility. However, that is not always the case.
Individuals who were married for at least ten years may still qualify for spousal benefits based on an ex-spouse’s earnings record. Timing also plays an important role. The age at which you start benefits can directly affect how much you receive.
The discussion also explains how survivor benefits work. These benefits follow different rules and can provide additional flexibility. Understanding these differences helps individuals make more informed decisions.
Taxes are another key part of Social Security planning. Many people do not expect to pay taxes on their benefits. However, the IRS can tax up to eighty-five percent of your Social Security income.
Your total income determines how much tax you pay. This includes income from retirement accounts, investments, and other sources.
Because of this, it is important to consider how Social Security fits alongside other income sources. A coordinated approach can help manage taxes and support long-term financial goals.
Ultimately, Social Security planning requires a full view of your financial situation. By understanding how benefits work and how taxes apply, you can make more informed decisions that align with your overall retirement plan.
SOCIAL SECURITY PLANNING: WHEN SHOULD YOU START BENEFITS?
FROM BALTIMORE-WASHINGTON FINANCIAL ADVISORS
WATCH ON YOUTUBE
| Thad Ismart, CFP®, ChFEBC, CEPSSenior Financial Planner, BWFA | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA’s Thad about Social Security planning, how benefits are funded, and what changes may be ahead. They discuss common concerns about whether Social Security will remain available in the future and how the system works today.
The conversation also explores when to start Social Security benefits, how working can impact those benefits, and why timing decisions should be based on individual financial and personal circumstances. To better understand how Social Security planning fits into your broader retirement strategy, visit our Financial Planning page.
Read Full DescriptionSocial Security planning plays a key role in many retirement strategies. However, uncertainty continues around how the system may change in the future.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA’s Thad about Social Security planning and what individuals should consider when preparing for retirement. Many people question whether Social Security will still exist, but the situation is more nuanced.
Payroll taxes and trust fund reserves currently support Social Security benefits. Even if changes occur, benefits are unlikely to disappear entirely. Instead, lawmakers may adjust how the system operates over time.
Timing remains one of the most important decisions in Social Security planning. Starting benefits early reduces monthly income, and continuing to work can reduce benefits further, depending on earnings. For this reason, individuals should evaluate their situation carefully before making a decision.
Benefit calculations also play an important role. Social Security uses your highest 35 years of earnings and adjusts them for inflation. Because of this, working longer does not always lead to a meaningful increase in benefits.
Delaying benefits can increase lifetime income for some individuals. This strategy becomes especially important when considering spousal benefits and long-term financial needs.
Ultimately, Social Security planning is not one-size-fits-all. Your financial situation, health, and long-term goals should guide your decision. With the right approach, you can make more informed choices about when to start benefits and how they fit into your overall plan.
SHOULD YOU PAY CASH WHEN DOWNSIZING YOUR HOME?
FROM BALTIMORE-WASHINGTON FINANCIAL ADVISORS
WATCH ON YOUTUBE
| Sandy Hornor | CEPSManaging Director, Wealth Management & Executive Manager | Jonathan WaldVice President, Branch ManagerMain Street Home Loans | Tessa HallMedia and CommunicationsSpecialist, BWFA |
About This Episode
Tessa speaks with BWFA’s Sandy and mortgage expert Jon Wald about downsizing strategies, mortgage decisions, and how to approach buying and selling a home in today’s market. They discuss why many homeowners default to paying off a home in full, and why that may not always align with long-term financial goals.
The conversation also explores real-world scenarios, including how equity can be used more strategically, why focusing on monthly payments matters more than the interest rate alone, and how decisions about housing can impact retirement outcomes. To better understand how these decisions fit into your broader financial plan, visit our Financial Planning page.
Read Full DescriptionDownsizing a home is often seen as a simple financial decision. However, the strategy behind it can be more complex.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA’s Sandy and mortgage expert Jon Wald about downsizing strategies and how to approach buying and selling a home in today’s market. While many homeowners assume they should use all available cash to purchase their next home, that approach may not always support long-term financial goals.
For example, using home equity to purchase a new property outright can limit investment opportunities. Instead, maintaining a manageable mortgage while keeping assets invested may provide more flexibility over time. As a result, the conversation focuses on balancing liquidity, risk, and long-term growth.
In addition, the episode highlights why interest rates are not the only factor to consider. Many buyers focus heavily on securing the lowest possible rate. However, monthly payment and overall financial strategy often matter more.
The discussion also explores current market conditions. While higher rates have slowed some activity, they have also reduced competition. As a result, buyers may have more negotiating power and greater flexibility when making offers.
Another key takeaway is the importance of coordination. Decisions around buying, selling, and financing a home should align with a broader financial plan. Without that alignment, even well-intentioned decisions can create unintended consequences.
Ultimately, downsizing is not just about reducing space. It is about making informed financial decisions that support both current lifestyle and future goals.
AI TAX SCAMS: HOW TO SPOT IRS FRAUD AND PROTECT YOURSELF
FROM BALTIMORE-WASHINGTON FINANCIAL ADVISORS
WATCH ON YOUTUBE
| Lawrence M. PostCPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA Senior Tax & Planning Advisor Larry Post about AI tax scams, how they are evolving, and why even experienced taxpayers can be vulnerable. They discuss how scammers use urgency, fear, and increasingly realistic technology to trick individuals into sending money or sharing sensitive information.
The conversation highlights a key takeaway: the IRS does not call, text, or email to demand payment. Understanding how legitimate communication works can help you avoid costly mistakes. To better understand how tax planning and guidance can help protect your financial life, visit our Tax Planning page.
Read Full DescriptionAI tax scams are becoming more sophisticated. As a result, it is getting harder to tell what is real and what is not.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA Senior Tax & Planning Advisor Larry Post about AI tax scams and how they are impacting taxpayers today. While scams have always existed, new technology is making them more convincing. For example, scammers can now mimic voices, create realistic messages, and apply pressure in ways that feel urgent and believable.
However, there are still clear warning signs. The IRS does not call, text, or email to demand payment. Instead, official communication typically comes through mailed notices. Therefore, any unexpected outreach asking for immediate payment should raise concern.
In addition, scammers often rely on urgency and secrecy. They may ask you not to tell anyone or push you to act quickly. Because of this, taking a moment to pause and verify the situation can make a significant difference.
Larry also explains that even legitimate IRS notices should be reviewed carefully. In some cases, the issue may be resolved with a simple clarification. Rather than reacting immediately, it is often best to confirm the details with a trusted tax professional.
Another key takeaway is that you do not have to handle these situations alone. If something feels off, reaching out to your advisor can help you avoid unnecessary stress and costly mistakes.
Ultimately, AI tax scams are not just about technology. They are about behavior. By staying informed, asking questions, and slowing down when something feels urgent, you can better protect yourself and your finances.
WHAT YOU NEED TO KNOW ABOUT ESTIMATED QUARTERLY TAXES
FROM BALTIMORE-WASHINGTON FINANCIAL ADVISORS
WATCH ON YOUTUBE
| Lawrence M. PostCPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA Senior Tax and Planning Advisor Larry Post about estimated quarterly taxes, why they exist, and how they help taxpayers avoid unnecessary penalties. They discuss who needs to make quarterly payments, how the IRS evaluates timing, and why even small delays can result in added costs.
To better understand how estimated quarterly taxes fit into your broader tax strategy, visit our Tax Planning page.
Read Full DescriptionEstimated quarterly taxes can be confusing. This is especially true for those who are not used to making payments outside of paycheck withholding. However, understanding how they work is essential for avoiding penalties and managing cash flow.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA Senior Tax and Planning Advisor Larry Post about estimated quarterly taxes and why the IRS requires them. While employees have taxes withheld automatically, others must take a more active role.
For example, individuals with investment income, capital gains, or self-employment income often need to make estimated quarterly tax payments throughout the year. Without these payments, the IRS may apply penalties.
Estimated quarterly taxes are designed to create a steady flow of payments to the IRS. Instead of paying once per year, taxpayers pay in smaller installments. As a result, timing becomes very important.
Even small delays can lead to penalties. If a payment is late, the IRS may treat it as missed entirely for that period. Therefore, understanding deadlines is critical.
The conversation also explains safe harbor rules. These rules allow taxpayers to avoid penalties by paying a percentage of their prior year’s tax liability. This approach can be helpful for those with variable income.
In addition, the episode addresses common misconceptions. Many people think these payments increase their taxes. In reality, they are simply prepayments toward an existing obligation.
Ultimately, estimated quarterly taxes are not about paying more. Instead, they are about paying on time. With proper planning, taxpayers can avoid penalties, improve cash flow, and reduce stress during tax season.
WHERE SHOULD YOU SAVE FOR RETIREMENT AFTER A 401K?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Tyler Cunningham,CFP®, CEPSFinancial Planner | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA Financial Planner Tyler Cunningham about retirement savings strategy and why where you save can matter just as much as how much you save. They discuss the role of pre-tax accounts like 401(k) s, along with Roth and taxable accounts, and how each can impact your flexibility and tax efficiency in retirement, especially when deciding where to save for retirement after a 401(k). To better understand how your savings strategy fits into your broader financial plan, visit our Financial Planning page.
Read Full DescriptionSaving for retirement is important. However, many investors eventually ask a key question: where should you save for retirement after a 401(k)? The answer can have just as much impact as how much you save over time.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA Financial Planner Tyler Cunningham about retirement savings strategy and why using multiple types of accounts can improve flexibility in the future. While many people focus on contributing to their 401(k), understanding where to save next can create more options when it comes time to use those savings.
Pre-tax accounts, such as a 401(k), offer immediate tax benefits. These contributions can reduce taxable income during working years. However, withdrawals in retirement are taxed as ordinary income. As a result, investors who only use pre-tax accounts may limit their flexibility later, which is why it is important to consider where to save for retirement beyond a 401(k).
That is where other account types come into play. Roth accounts allow for tax-free withdrawals in retirement, provided certain conditions are met. Taxable brokerage accounts offer additional flexibility, often with different tax treatment on gains. Together, these accounts create more opportunities to manage income and taxes over time.
The conversation also highlights why distribution strategy matters. When retirees draw from multiple account types, they may be able to better control their tax bracket. This becomes especially important for those who have built savings across different accounts after their 401(k).
Another key takeaway is that saving is only the first step. Building a thoughtful strategy across different account types can help support both short-term needs and long-term goals. Knowing where to save for retirement after a 401(k) can help investors make more informed decisions along the way.
Ultimately, a retirement savings strategy is about more than accumulation. With the right structure in place, investors can create flexibility, manage taxes, and feel more confident about how and where their savings will support them throughout retirement.
FINANCIAL WINDFALLS AND INVESTMENT MISTAKES TO AVOID
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Tyler Cunningham,CFP®, CEPSFinancial Planner | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA Financial Planner Tyler Cunningham about what to do after receiving a financial windfall and the common investment mistakes people make when large sums of money arrive unexpectedly. They discuss how taxes, investment choices, and long-term planning can shape the impact of a windfall, and why certain strategies, such as large real estate purchases, can sometimes create more complexity than investors expect.
To better understand how a windfall could fit into your broader strategy, you can visit our Financial Planning page.
Read Full DescriptionReceiving a financial windfall can feel exciting. However, it can also introduce complicated financial decisions. Whether the money comes from an inheritance, a business sale, or a large professional contract, the way it is managed can affect long-term financial outcomes.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA Financial Planner Tyler Cunningham about financial windfall planning and the steps people should consider before making major investment decisions. Many people focus immediately on spending or large purchases. However, careful planning can help support the windfall and long-term goals.
One of the first considerations is building the right advisory team. Financial advisors and tax professionals can help evaluate tax implications and identify appropriate investment strategies. They can also help structure a plan that supports long-term financial goals.
In many cases, the way the windfall is received also affects planning decisions. For example, inherited assets may come with required distribution timelines. Large earnings may also create additional tax planning considerations.
The conversation also explores a common mistake after receiving a large windfall. Many people rush into real estate investments. While property ownership may feel tangible and appealing, rental real estate often involves significant responsibilities. Managing tenants, maintenance, and property costs can quickly become time-consuming.
For individuals with demanding careers, managing multiple properties can become a second job. Instead, Tyler explains that many investors benefit from simpler and more diversified investment approaches. These strategies allow their money to work for them without creating additional obligations.
The episode also addresses another common instinct after receiving a windfall. Many people immediately consider paying off their mortgage. While eliminating debt can feel satisfying, interest rate comparisons and broader financial strategy should guide that decision.
Ultimately, financial windfall planning requires a thoughtful strategy. With careful planning, individuals can protect their assets, reduce unnecessary risk, and support long-term financial goals.
WHY RETIREMENT CAN CREATE TENSION FOR COUPLES
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Sandy Hornor | CEPSManaging Director, Wealth Management & Executive Manager, BWFA | Tessa HallMedia and Communications Specialist, BWFA |
About This Episode
Tessa speaks with Sandy Hornor, Managing Director at BWFA, about “retired spouse syndrome,” a situation many couples experience when one partner retires while the other continues working. They discuss how retirement can change daily routines, expectations, and household roles, and why communication and planning can help couples navigate this transition more smoothly.
To better understand how retirement decisions fit into your broader strategy, visit our Financial Planning page.
Read Full DescriptionRetirement is often viewed as a financial milestone. However, it can also introduce significant lifestyle changes for couples. When one spouse retires while the other continues working, the shift in daily routines can sometimes lead to what people informally call “retired spouse syndrome.”
In this episode of Healthy, Wealthy & Wise, Tessa speaks with Sandy Hornor, Managing Director at BWFA, about how retirement can affect relationships and household dynamics. While many people focus on the financial side of retirement, the lifestyle adjustment can be just as important.
When a spouse retires, their schedule may suddenly become far more flexible. Meanwhile, the working partner may still follow a structured routine. As a result, daily expectations around time, responsibilities, and personal space can change quickly.
These changes are not necessarily negative. However, without clear communication, couples may find themselves navigating new tensions or misunderstandings. Planning ahead can help both partners prepare for the transition.
The conversation explores how couples can talk about retirement expectations before the change occurs. Discussing lifestyle goals, personal interests, and shared activities can make the adjustment easier once retirement begins.
Financial planning also plays an important role in the process. Retirement affects income sources, savings withdrawals, and long-term financial stability. When couples align their lifestyle expectations with a thoughtful financial plan, they often feel more confident about the transition.
Ultimately, retirement is not only about leaving the workforce. It is also about redefining routines and roles within a household. With communication, planning, and realistic expectations, couples can navigate this change successfully and enjoy the next stage of life together.
WHAT BENEFICIARIES NEED TO KNOW ABOUT INHERITED IRAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. PostCPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA Senior Tax & Planning Advisor Larry Post about inherited IRA rules, how the 10-year distribution requirement works, and what beneficiaries need to understand before making withdrawal decisions.
To better understand how inherited assets fit into your broader strategy, visit our Financial Planning page.
Read Full DescriptionInherited IRA rules changed significantly in recent years, and many beneficiaries are still unclear about how the 10-year distribution requirement applies to them. As a result, inherited retirement accounts often create confusion at an already emotional time. While these accounts can provide financial opportunity, they also come with strict timing and tax considerations.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA Senior Tax & Planning Advisor Larry Post about how inherited IRA rules work, who qualifies as an eligible designated beneficiary, and how required distributions differ depending on the relationship to the original account owner. In particular, the conversation explains how the SECURE Act altered long-standing stretch IRA strategies and replaced them with the 10-year rule for most non-spouse beneficiaries.
Instead of spreading distributions over a lifetime, many beneficiaries must now fully distribute the account within ten years. Consequently, taxable income can accelerate quickly if withdrawals are not managed carefully. For that reason, timing distributions strategically becomes essential.
Larry also discusses common mistakes. For example, some beneficiaries wait too long to develop a withdrawal plan, while others misunderstand annual distribution requirements. In either case, failing to act intentionally can lead to unnecessary tax exposure and potential penalties.
Additionally, the episode highlights planning considerations for surviving spouses, minor children, and certain special categories of beneficiaries. Each situation carries unique rules that can change the tax outcome. Therefore, classification matters just as much as timing.
Ultimately, inherited IRA rules are not one size fits all. However, with thoughtful planning and proactive coordination, families can better manage distributions while remaining compliant with federal regulations.
WHEN ASSET PROTECTION LEADS TO HIGHER TRUST TAXES
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. PostCPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA Senior Tax & Planning Advisor Larry Post about how trusts are taxed, why they often reach higher tax brackets quickly, and what trustees and beneficiaries should understand before filing.
Learn more about how BWFA supports trustees and families through our Tax Planning services page.
Read Full DescriptionTrusts can be powerful estate planning tools, but they come with their own set of tax rules. Many people assume a trust is taxed the same way an individual is taxed. In reality, trust tax brackets are compressed, which means income can be taxed at higher rates much more quickly.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA Senior Tax & Planning Advisor Larry Post about how trusts are taxed, how income is treated inside a trust, and what trustees need to know when preparing annual filings. The conversation explains the difference between income that remains in the trust and income that is distributed to beneficiaries.
The episode also highlights how capital gains are typically handled and why distribution decisions can significantly affect the overall tax outcome. Trustees must consider not only investment performance but also the tax implications of retaining income versus passing it through.
Larry discusses common misunderstandings, including how trust tax brackets differ from individual brackets and why planning ahead can help avoid unintended tax burdens. He also explains why coordination between trustees, beneficiaries, and tax professionals is essential to ensure compliance and efficiency.
Throughout the discussion, the focus remains on clarity. Trust taxation does not have to be overwhelming, but it does require attention to detail and proactive communication. Whether serving as a trustee or receiving distributions as a beneficiary, understanding the structure and reporting requirements can help reduce surprises.
This episode reinforces that trusts are not just legal documents. They are financial vehicles that require ongoing management, particularly when it comes to taxation.
IS A VACATION HOME A SMART RETIREMENT STRATEGY
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. PostCPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with BWFA Senior Tax & Planning Advisor Larry Post about what happens when you move into your vacation home and later sell it. While many retirees assume they qualify for the full capital gains exclusion, the tax rules are more complex than most people realize.
Learn more about how BWFA approaches property decisions through our Tax Planning page.
Read Full DescriptionBuying a vacation home with plans to move into it later is a common retirement strategy. Many homeowners assume that once they live in the property for two out of five years, they qualify for the full capital gains exclusion when they sell. However, tax law does not always work that way.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with BWFA Senior Tax & Planning Advisor Larry Post about how the rules changed in 2008 and why converting a vacation home into a primary residence can create unexpected tax consequences. The key issue involves how the IRS allocates gain between qualified and non-qualified use. Time spent using the property as a vacation home after January 1, 2009 is treated differently than time used as a primary residence.
The conversation walks through how gains must first be divided based on use before applying the $250,000 or $500,000 exclusion. In many cases, part of the gain remains taxable even if the homeowner meets the two-year residency rule.
Larry also explains why this issue becomes more complicated when rental property is involved. Converting a rental to a primary residence can trigger depreciation recapture and potentially eliminate suspended passive losses. These details are often overlooked during purchase decisions but can significantly affect the outcome years later.
Throughout the discussion, the focus remains on understanding the rules before making long-term decisions. Real estate can still serve important lifestyle or financial goals, but assumptions about tax-free gains can lead to costly surprises.
This episode highlights why proactive planning matters. When it comes to vacation homes and rental properties, informed decisions today can prevent unintended tax consequences tomorrow.
NO TAX ON TIPS IS NOT FREE MONEY
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. PostCPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Tessa speaks with Senior Tax & Planning Advisor, Larry Post, about recent headlines around “no tax on tips,” what the proposal actually means, and why many workers should be cautious about assumptions.
To learn more about how we help clients navigate changing tax rules, visit BWFA’s Tax Planning Services page.
Read Full DescriptionRecent headlines about eliminating taxes on tips have sparked confusion and strong reactions across the service industry. While the idea sounds simple, the reality is more complicated. Understanding what is being proposed, what already exists in the tax code, and what could realistically change is critical before drawing conclusions.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with a BWFA tax professional to break down what “no tax on tips” really means and how it could affect workers, employers, and overall tax planning. The conversation clarifies how tipped income is currently taxed, why reporting requirements exist, and where misinformation often spreads.
The discussion also explores the potential unintended consequences of changing how tips are taxed. While eliminating taxes on tips may sound like a benefit, it could impact eligibility for benefits, retirement contributions, and long-term earnings records. These downstream effects are often overlooked in public conversations but can matter significantly over time.
Listeners will also hear why tax proposals do not always become law as originally described. Legislative changes often involve limits, income thresholds, or partial implementation. Assuming a headline will translate directly into take-home pay can lead to planning mistakes.
Throughout the episode, the focus remains on practical understanding rather than speculation. The goal is not to predict political outcomes, but to help listeners understand the current rules and why thoughtful tax planning still matters, even when changes are being discussed.
Ultimately, this episode reinforces the importance of separating headlines from reality. Staying informed and working with a trusted advisor can help ensure financial decisions are based on facts, not assumptions.
WHEN DOES INVESTING IN GOLD MAKE SENSE?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Tyler Cunningham,CFP®, CEPSFinancial Planner | Tessa HallMedia and CommunicationsSpecialist |
About This Episode
Gold often gets attention during uncertain markets, but does it really belong in a long-term investment plan? In this episode, the Tessa speaks with Tyler Cunningham, a Financial Planner, to discuss when investing in gold may make sense, what risks investors often overlook, and how gold compares to other options during periods of market volatility.
To learn more about BWFA’s approach to diversification and portfolio construction, visit our Investment Management page.
Read Full DescriptionGold often gains attention during periods of market uncertainty. When inflation concerns rise or markets become volatile, it is frequently described as a safe haven or a hedge against risk. However, the role gold plays in a long-term investment strategy is often misunderstood.
In this episode of Healthy, Wealthy & Wise, Tessa speaks with Tyler Cunningham, Financial Planner at BWFA, about when gold may fit into a portfolio and when it may introduce risks that investors do not fully expect. The conversation explores why gold prices can be volatile, even during times when investors assume stability.
Unlike many traditional investments, gold does not generate income. There are no dividends or interest payments, which means returns depend entirely on price movement. Because of this, investor behavior and timing play a significant role. When prices rise quickly, interest in gold tends to follow. When prices fall, exits can become more challenging, particularly for those holding physical gold.
The discussion also compares physical gold with other ways investors may seek exposure, such as exchange traded funds or mutual funds tied to precious metals. Liquidity, taxes, and storage costs all factor into whether gold makes sense within a broader financial plan. Emotional decision making and fear of missing out can further complicate these choices.
Throughout the episode, gold is placed in context alongside other investment options that may offer stability or income during uncertain periods. Rather than focusing on headlines, the conversation emphasizes aligning investment decisions with long-term goals, cash flow needs, and overall portfolio balance.
Ultimately, this episode highlights that gold is neither inherently good nor bad. What matters most is understanding how it works, what risks it carries, and whether it truly supports an investor’s broader financial strategy.
HOW TO PAY THE IRS NOW THAT PAPER CHECKS ARE ENDING
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. PostCPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor, BWFA | Tessa HallMedia and CommunicationsSpecialist, BWFA |
About This Episode
The IRS is moving away from paper checks and shifting to electronic payments. In this episode, the BWFA team explains what IRS payment modernization means, how refunds and tax payments will be handled going forward, and what steps taxpayers should take now to avoid delays or penalties.
For more information, visit BWFA’s Tax Planning Services page.
Read Full DescriptionThe IRS is changing how it handles payments and refunds. As part of a broader modernization effort, paper checks are being phased out in favor of electronic options. While many taxpayers have already made this shift, others may still rely on mailing checks.
In this episode of Healthy, Wealthy & Wise, the BWFA team discusses what this change means and why it matters. They explain how payment methods are evolving, what could happen if old approaches no longer apply, and why timing and preparation are becoming more important.
At the same time, the episode addresses common concerns around security and access. Some people hesitate to use electronic payments, yet mailed checks often create their own risks. Understanding the tradeoffs can help taxpayers decide how to move forward with more confidence.
The conversation also highlights practical considerations for managing payments and refunds under the new system. Rather than reacting after a problem arises, listeners are encouraged to think ahead and make updates before deadlines create pressure.
Ultimately, this episode reinforces a simple point. As the IRS modernizes its processes, staying informed and adapting early can help prevent unnecessary delays, penalties, and frustration. The goal is not to complicate tax planning, but to make sure systems work as expected when it matters most.
WHEN DOES A $1000 MONTHLY CAR PAYMENT MAKE SENSE?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Sandy Hornor | CEPSManaging Director, Wealth Management & Executive Manager | Tessa HallMedia and Communications Specialist |
About This Episode
Car payments are getting larger, and higher interest rates are forcing many buyers to rethink their decisions. In this episode, members of the BWFA team discuss when a car payment may make sense and how to evaluate financing decisions within a broader financial plan.
For more information, visit BWFA’s Financial Planning Services page.
Read Full DescriptionCar buying decisions have become more complicated as vehicle prices rise and interest rates remain elevated. In this episode of Healthy, Wealthy & Wise, BWFA advisors explore when a car payment makes financial sense and how borrowers should evaluate the true cost of financing a vehicle.
The conversation begins with a look at recent data showing that a growing share of buyers are paying $1,000 or more per month for a car. While that number can be alarming, the advisors explain that whether a payment is reasonable depends on several factors, including interest rates, loan terms, cash flow, and overall financial priorities.
They discuss the trade-off between borrowing at low interest rates versus paying cash, especially when investments may offer higher long-term returns. However, with auto loan rates now averaging in the mid-to-high six percent range, that math has changed for many buyers.
The advisors also highlight common mistakes, such as selling long-term investments to pay off a car or borrowing from retirement accounts to fund a purchase.
The discussion touches on newer tax rules that allow certain taxpayers to deduct a portion of auto loan interest.
Ultimately, this episode reinforces that car decisions should not be made in isolation. Evaluating financing options as part of a comprehensive financial plan can help buyers make choices that support both their lifestyle and long-term financial security.
GEOPOLITICAL RISK: IS YOUR MONEY REALLY SAFE?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Sandy Hornor | CEPSManaging Director, Wealth Management & Executive Manager, BWFA | Tessa HallMedia and Communications Specialist, BWFA |
About This Episode
Geopolitical risk can be unsettling for investors, especially during periods of market volatility. In this episode, BWFA advisor Sandy is joined by Tessa to discuss how global events impact markets, why reacting emotionally can be costly, and how diversification and planning help investors stay disciplined during uncertain times.
Full Description
Geopolitical risk can make even experienced investors uneasy. Global tensions and unexpected crises influence markets and shake investor confidence. In this episode of Healthy, Wealthy & Wise, BWFA advisor Sandy joins Tessa to examine how geopolitical risk affects markets and, more importantly, how investors should respond when uncertainty dominates the news cycle.
The discussion highlights a counterintuitive but critical point: in most cases, investors benefit from doing very little. While global events can feel tragic and unsettling, markets often absorb their impact quickly. History shows that even severe events usually cause temporary disruptions rather than lasting damage for long-term investors.
Sandy and Tessa review past examples, including wartime events, terrorist attacks, and the COVID-19 market shock, to show how markets recovered over time. These moments underscore the value of a long-term perspective and explain why reacting to headlines often locks in losses instead of protecting portfolios.
The episode also explores diversification. Rather than avoiding international investments during periods of geopolitical tension, Sandy explains why broad diversification remains essential. Markets rotate, leadership changes, and global exposure reduces reliance on any single region or outcome. Recent years have reinforced how risky it can be to abandon diversification based on short-term performance.
For retirees and those nearing retirement, the conversation turns to planning for volatility. Sandy explains how income planning and non-market-correlated assets help maintain stability during market declines. A well-structured plan allows investors to weather downturns without disrupting their lifestyle or long-term goals.
Ultimately, the episode reinforces a simple truth: market volatility is inevitable, but panic is optional. With a disciplined strategy, thoughtful diversification, and a clear financial plan, investors can stay focused on what matters most, even when the world feels uncertain.
For more information, visit BWFA’s Financial Planning Services.
UNDERSTANDING THE NEW TRUMP ACCOUNTS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor, BWFA | Tyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA | Tessa HallMedia and CommunicationsSpecialist, BWFA |
About This Episode
New “Trump Accounts” have generated a lot of attention and confusion. This episode breaks down what these accounts are, who qualifies, how they work, and why a wait-and-see approach may be appropriate before making long-term planning decisions.
Full Description
Newly proposed “Trump Accounts” have sparked widespread interest, but many details remain unclear. While headlines have described them as powerful new savings tools for children, the reality is more nuanced and still evolving.
In this episode of Healthy, Wealthy & Wise, the discussion walks through what is currently known about Trump Accounts and how they may function once fully implemented. Listeners will learn who qualifies, when accounts can be opened, and how contributions are expected to work under the proposed rules.
The episode explains that these accounts are designed to allow savings for children under age 18 without the earned income requirement typically needed for IRAs. Contributions are limited annually, grow tax deferred, and generally cannot be accessed until the child turns 18. At that point, the account begins to function more like a traditional IRA, with taxes and penalties applying under standard rules.
The conversation also highlights important limitations and unanswered questions. Custodians have not yet been announced, investment choices appear restricted, and final regulations are still pending. While the government has proposed a one-time starter contribution for certain birth years, families must still decide whether additional contributions align with their goals.
Listeners will hear why these accounts may not be the best option for every family. Depending on the intended use of the money, alternatives such as 529 plans, custodial accounts, or Roth IRAs for working minors may offer more flexibility or tax advantages.
Rather than rushing to act, this episode emphasizes thoughtful planning. Understanding the purpose of the savings and how funds may be used in the future is critical before committing long-term dollars to a new and evolving account structure.
To learn more about how new savings options fit into a broader financial plan, visit BWFA’s Financial Planning Services.
WHAT THE 2026 CONTRIBUTION LIMITS MEAN FOR YOU
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Contribution limits for retirement accounts change periodically and can impact how much you are able to save. This episode explains the newly finalized retirement plan contribution limits for 2026 and why understanding these updates can help you make informed decisions about saving, planning, and taking advantage of available opportunities.
Full Description
Each year, retirement plan contribution limits are reviewed and adjusted, reflecting changes in economic conditions and cost-of-living considerations. These updates can affect how much individuals and families are able to contribute to retirement accounts and influence overall planning strategies.
In this episode of Healthy, Wealthy & Wise, the discussion focuses on the retirement plan contribution limits finalized for 2026. Listeners will learn what has changed, which accounts are impacted, and why these updates matter when planning for long-term financial goals.
The episode explains how contribution limits apply to common retirement vehicles and how increases may create new opportunities to save more efficiently. Understanding these limits is especially important for those nearing retirement, individuals trying to maximize savings, or anyone adjusting their financial plan for the coming year.
The conversation also highlights why contribution limits should be viewed as part of a broader strategy rather than in isolation. Saving more is helpful, but aligning contributions with income, tax considerations, and future goals is equally important. Planning ahead allows individuals to take advantage of changes without disrupting cash flow or other priorities.
Listeners will gain perspective on how staying informed about contribution limits supports proactive planning. Rather than reacting at tax time, understanding updates early allows for more intentional decisions throughout the year.
At BWFA, we help clients evaluate how annual changes like contribution limits fit into their overall financial plans. This episode provides timely insight for anyone looking to stay informed and make thoughtful choices as they plan for 2026 and beyond.
To learn more about retirement planning strategies, visit BWFA’s Financial Planning Services.
ESTATE PLANNING BASICS FOR EVERY STAGE OF LIFE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tessa HallMedia and Communications Specialist, BWFA |
About This Episode
Estate planning is often misunderstood as something only wealthy families need to worry about. This episode explains why having a plan in place matters regardless of net worth and how basic estate documents can provide clarity, protection, and peace of mind at every stage of life.
Full Description
Many people assume estate planning is only necessary for those with significant wealth. In reality, estate planning is about protecting loved ones, clarifying wishes, and reducing uncertainty, regardless of net worth.
In this episode of Healthy, Wealthy & Wise, the discussion explains why estate planning is important for individuals and families at all stages of life. Listeners will learn how basic planning documents help ensure decisions are made according to their wishes, not left to default rules.
The episode covers common misconceptions around estate planning and why waiting can create unnecessary complications. Without proper documents in place, families may face delays, added stress, and difficult decisions during already challenging times.
The conversation also highlights how estate planning supports broader financial planning goals. Coordinating beneficiaries, powers of attorney, and healthcare directives helps create clarity and continuity, especially as life circumstances change.
Listeners will gain insight into why estate planning is not about predicting outcomes, but preparing for possibilities. Having a plan in place provides peace of mind and helps protect both people and assets.
At BWFA, we encourage proactive planning that reflects each client’s goals and values. This episode offers a clear reminder that estate planning is a foundational step for anyone who wants to care for those they love.
To learn more about estate and financial planning strategies, visit BWFA’s Financial Planning Services.
WHY FINANCIAL SUCCESS IS MORE ABOUT BEHAVIOR THAN MATH
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tessa HallMedia and Communications Specialist, BWFA |
About This Episode
Financial success is not just about spreadsheets or calculations. Learn how habits, mindset, and everyday decisions often have a greater impact on long-term financial outcomes.
Full Description
Many people believe financial success comes down to formulas, calculations, and choosing the right investments. While the numbers matter, they are rarely the sole driver of long-term outcomes. In reality, behavior often plays a far greater role than most people expect.
In this episode of Healthy, Wealthy & Wise, the discussion explores why financial success is shaped more by decisions and habits than by math alone. Listeners will learn how everyday choices, emotional responses, and long-term behaviors influence financial progress over time.
The episode explains how consistency, patience, and follow-through often outweigh technical knowledge. Even well-structured financial plans can struggle when decisions are driven by fear, impulse, or short-term reactions. Recognizing these patterns can help individuals better understand where challenges may arise.
The conversation also addresses common behavioral obstacles, such as reacting to market swings, increasing spending during strong income years, or avoiding difficult financial conversations. These behaviors can quietly erode progress, even when income and savings appear healthy on paper.
Financial behavior develops over time and is shaped by experiences, confidence, and past outcomes. By understanding these influences, individuals can begin to identify habits that either support or limit long-term success. This episode emphasizes awareness and intentional decision-making rather than optimization or complexity. Small behavioral shifts, when paired with thoughtful planning, can lead to more sustainable outcomes.
At BWFA, we help clients build financial plans that account for both the numbers and the human side of decision-making. This episode offers perspective for anyone seeking greater confidence by focusing on the habits that truly drive financial success.
To learn more about building a thoughtful financial plan, visit BWFA’s Financial Planning Services.
IRS IDENTITY THEFT AND WHAT TO KNOW
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor, BWFA
About This Episode
Identity theft can create serious tax complications, often before you even realize there is a problem. Learn how IRS-related identity theft happens, the warning signs to watch for, and how understanding the process can help reduce stress and protect your financial life.
Full Description
Identity theft can affect more than just your credit. When it involves tax filings, the consequences can be stressful, time-consuming, and difficult to resolve without proper guidance.
In this episode of Healthy, Wealthy & Wise, the discussion focuses on identity theft as it relates specifically to the IRS. Listeners will learn how tax-related identity theft occurs, including how stolen personal information can be used to file fraudulent returns or claim refunds.
The episode explains common warning signs that may indicate a problem, such as unexpected IRS notices, rejected tax filings, or missing refunds. Understanding these signals early can help limit further complications and reduce the time it takes to correct the issue.
The conversation also outlines how the IRS typically responds once identity theft is identified. Listeners gain insight into the steps involved in reporting fraud, verifying identity, and protecting future tax filings. While the process can take time, knowing what to expect helps reduce uncertainty.
In addition, the episode highlights practical steps individuals can take to reduce risk. These include safeguarding personal information, monitoring tax records, and responding promptly to IRS communications. Prevention and early action are key themes throughout the discussion.
At BWFA, we help clients navigate financial challenges that extend beyond investments. This episode provides helpful context for anyone concerned about identity theft and its impact on their tax situation.
To learn more about our tax services planning support, visit BWFA’s Tax Planning.
HOW TO START SPENDING CONFIDENTLY IN RETIREMENT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tessa HallMedia and Communications Specialist, BWFA |
About This Episode
Moving from saving money to spending it in retirement can feel uncomfortable and unfamiliar. Learn why this transition is often emotionally challenging and how thoughtful planning can help you spend with greater confidence and peace of mind.
Full Description
For many retirees, the shift from saving money to spending it can be one of the most challenging parts of retirement. After decades of building assets, drawing from those savings often feels unnatural, even when the plan supports it.
In this episode of Healthy, Wealthy & Wise, the discussion explores how to navigate the transition from saving to spending in retirement. Listeners will learn why this shift can feel emotionally difficult and how thoughtful planning helps ease the adjustment.
The episode explains how retirement spending differs from working years. Income sources change, spending patterns evolve, and decisions often require more intention. Understanding how and when to use savings is critical for maintaining confidence throughout retirement.
The conversation also addresses common concerns, such as fear of running out of money and uncertainty around market conditions. Listeners gain insight into how planning strategies can provide structure while allowing flexibility as needs change over time.
Rather than focusing on rigid rules, the episode emphasizes aligning spending with personal priorities and long-term goals. Retirement spending should support the life you want to live, not create ongoing stress or hesitation.
At BWFA, we help retirees develop income strategies designed to support both lifestyle and longevity. This episode offers perspective for anyone approaching retirement or already adjusting to life after full-time work.
To learn more about retirement planning strategies, visit BWFA’s Financial Planning Services.
DOING EVERYTHING RIGHT BUT STILL ANXIOUS ABOUT MONEY
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tessa HallMedia and Communications Specialist, BWFA |
About This Episode
Even with solid financial habits, money anxiety can persist. Learn why this happens and how thoughtful planning can help restore confidence.
Full Description
Many people follow the “right” financial rules. They save consistently, avoid major debt, and plan responsibly. Yet despite doing everything they are told to do, anxiety around money often remains. This disconnect can be confusing and frustrating.
In this episode of Healthy, Wealthy & Wise, the discussion explores why financial anxiety can exist even when the numbers appear sound. Listeners will learn how uncertainty, life transitions, and emotional stressors can influence how we feel about money, regardless of outward financial success.
The episode explains how financial confidence is shaped by more than balances and spreadsheets. Factors such as market volatility, changing goals, and fear of the unknown often play a larger role than expected. Without clarity and context, even well-managed finances can still feel fragile.
The conversation also highlights the importance of aligning financial plans with personal values and priorities. When goals are unclear or outdated, anxiety can persist despite strong habits. This episode encourages listeners to revisit not just what they are doing with their money, but why.
Rather than offering quick fixes, the discussion focuses on building understanding. Recognizing the emotional side of financial planning can help individuals move from constant worry toward informed confidence. Planning is not only about preparing for outcomes, but also about reducing unnecessary stress along the way.
At BWFA, we work with individuals and families to create plans that address both financial structure and peace of mind. This episode offers perspective for anyone who feels they are doing everything right, yet still worries about what lies ahead.
To learn more about creating a financial plan that supports long-term confidence, visit BWFA’s Financial Planning Services.
COSTLY MISTAKESOVERSPENDING IN RETIREMENT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tessa HallMedia and Communications Specialist, BWFA | Sandy Hornor | CEPSManaging Director, Wealth Management & Executive Manager, BWFA |
About This Episode
Holding retirement savings in cash may feel safe, but over time inflation erodes purchasing power. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explain why too much cash can become a costly mistake—and how to find the right balance for long-term security. You’ll also learn why professional planning helps ensure that your money continues to grow, even as your needs and goals evolve.
Full Description
Many retirees feel comfortable keeping large portions of their retirement plan in cash. It provides stability, avoids market swings, and seems like the safe choice. However, cash alone cannot keep up with inflation. Over the years, rising prices quietly reduce its value, leaving less to cover healthcare costs, everyday expenses, and the retirement lifestyle you planned.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor, Jr., Tyler Kluge, and Tessa Hall explain why holding too much cash can be risky. While every plan needs liquidity for emergencies, relying on cash at the expense of growth may limit your long-term success. Together, they share insights on how to strike the right balance, ensuring you maintain flexibility today while protecting your future purchasing power.
Listeners will also hear how professional financial planning can help determine the right mix of cash, bonds, and equities. With careful guidance, it is possible to feel secure while still allowing your portfolio to grow.
At BWFA, we believe retirement is about more than safety—it’s about sustainability. This episode offers practical guidance for making smarter decisions, avoiding common pitfalls, and staying on track for the future. By learning how to balance risk and reward, you can create a retirement strategy designed to last.
For more retirement strategies, visit BWFA’s Financial Planning Services.
RELOCATING TOO QUICKLY IN RETIREMENT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Retirement withdrawals are more complex than many expect. Learn what often gets overlooked when turning savings into income.
Full Description
Saving for retirement is only part of the journey. Turning those savings into a reliable income requires careful planning and ongoing decision-making. Many retirees are surprised by how complex withdrawal strategies can be once retirement begins.
In this episode of Healthy, Wealthy & Wise, the discussion focuses on what people are often not told about retirement withdrawal strategies. Listeners will learn why the order, timing, and source of withdrawals can significantly affect long-term outcomes.
The episode explores how taxes, required distributions, and market conditions all influence retirement income planning. Without a clear strategy, withdrawals can unintentionally increase tax exposure or shorten the lifespan of a portfolio.
The conversation also highlights why flexibility matters. Retirement plans are not static, and withdrawal strategies should evolve as circumstances change. Health needs, spending patterns, and market performance all play a role in shaping sustainable income.
Listeners will gain insight into why a coordinated approach is essential. Withdrawal decisions should align with overall financial goals, not be made in isolation. This episode emphasizes the importance of planning and revisiting strategies regularly.
At BWFA, we help retirees and pre-retirees build income strategies designed to support long-term confidence and adaptability. This episode provides a valuable perspective for anyone approaching or living in retirement.
To learn more about retirement income planning, visit BWFA’s Financial Planning Services.
ARE YOU BEING TOO SAFE WITH YOUR MONEY?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Relocating in retirement can be exciting, but moving without proper research can turn into a costly mistake. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explain the risks of relocating too quickly—and how to make sure your next move supports both your lifestyle and your financial goals.
Full Description
Being cautious with money is often viewed as a strength. Avoiding risk, holding extra cash, and prioritizing security can provide peace of mind. However, being too conservative for too long can create challenges that are not always obvious at first.
In this episode of Healthy, Wealthy & Wise, the discussion explores the hidden risks of being overly conservative with your finances. Listeners will learn how excessive caution can reduce growth potential and make it harder to keep pace with long-term goals.
The episode explains how inflation, time, and opportunity cost can quietly erode purchasing power when money remains underutilized. While conservative strategies may feel safe in the short term, they can limit flexibility and options later in life.
The conversation also emphasizes that risk is not one-size-fits-all. What feels appropriate at one stage of life may no longer support future needs. Understanding how risk tolerance, time horizon, and goals interact is critical when evaluating financial decisions.
Listeners will gain insight into how thoughtful adjustments can improve balance without abandoning stability. Being strategic does not mean taking unnecessary risks. It means aligning decisions with long-term objectives while remaining adaptable as circumstances change.
At BWFA, we help individuals and families strike the right balance between caution and opportunity. This episode encourages listeners to reassess whether their current approach supports where they want to go.
To learn more about building a balanced financial plan, visit BWFA’s Financial Planning Services.
WHAT NOT TO GET WRONG IN YOUR 30S AND 40S
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
HOW TO DECIDE BETWEEN DEBT AND INVESTING
Full Description
Your 30s and 40s are often some of the busiest and most financially complex years of life. Careers are advancing, families may be growing, and financial responsibilities tend to increase. During this time, small missteps can quietly compound into larger challenges later on.
In this episode of Healthy, Wealthy & Wise, the discussion focuses on common money mistakes people make in their 30s and 40s. Listeners will learn how competing priorities such as housing, childcare, education costs, and lifestyle choices can strain finances if not managed intentionally.
The conversation highlights how delaying planning can be one of the most costly mistakes. Waiting to save, invest, or address protection needs often reduces flexibility later. This episode explains why building good habits earlier in these decades can make future decisions easier and less stressful.
Another key theme is balance. Overextending on lifestyle upgrades, underestimating long-term goals, or neglecting foundational planning can all slow progress. The discussion emphasizes the importance of aligning spending with values and maintaining clarity around priorities.
Listeners will also hear why financial mistakes during these years are common and understandable. Life moves quickly, and many decisions are made without full information. The goal is not perfection, but awareness. Recognizing potential pitfalls allows individuals to course-correct before long-term consequences set in.
At BWFA, we help individuals and families navigate these pivotal years with thoughtful planning and guidance. This episode offers practical insight to help listeners make more informed financial decisions during their 30s and 40s.
To learn more about building a financial plan that evolves with your life, visit BWFA’s Financial Planning Services.
HOW TO DECIDE BETWEEN DEBT AND INVESTING
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Deciding whether to pay off debt or invest can feel overwhelming. Learn how to weigh your options and make choices that support long-term goals.
Full Description
One of the most common financial questions people face is whether they should focus on paying off debt or investing for the future. Both options can play an important role in a healthy financial plan, but the right answer is rarely the same for everyone.
In this episode of Healthy, Wealthy & Wise, the discussion explores how to evaluate the decision to pay down debt versus investing. Listeners will learn why interest rates, cash flow, and personal goals all matter when deciding where to direct their money.
The conversation explains that not all debt is created equal. High-interest consumer debt can place ongoing pressure on finances, while lower-interest debt may allow room for investing at the same time. This episode helps listeners understand how different types of debt fit into a broader financial strategy.
The episode also highlights the emotional side of this decision. Paying off debt can provide peace of mind, while investing supports long-term growth. Balancing these priorities often requires tradeoffs. Rather than viewing the choice as all or nothing, the discussion encourages a more flexible approach that considers both progress and stability.
Listeners will gain insight into how thoughtful planning can help avoid extremes. Making consistent, informed decisions over time often leads to better outcomes than reacting based on short-term emotions or headlines.
At BWFA, we help individuals and families align debt management and investing within a comprehensive plan. This episode offers guidance to help you make confident decisions that fit your unique financial situation.
To learn more about building a balanced financial plan, visit BWFA’s Financial Planning Services.
WHY A HIGH INCOME DOESN’T GUARANTEE WEALTH
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Earning more money does not always lead to financial security. Learn why income alone is not enough to build lasting wealth.
Full Description
Many people assume that a high income automatically leads to wealth. In reality, income is only one part of the financial picture. Without intentional planning, even strong earnings can fail to translate into long-term security.
In this episode of Healthy, Wealthy & Wise, the discussion explores why income alone does not guarantee wealth. Listeners will learn how spending habits, lifestyle choices, taxes, and planning decisions often have a greater impact on financial outcomes than salary alone.
The episode highlights common patterns seen among high earners who struggle to build wealth. Lifestyle inflation, lack of savings discipline, and uncoordinated financial decisions can quietly erode progress over time. The conversation explains how these issues can affect professionals at every income level.
Listeners will also gain insight into what truly supports wealth building. Consistent saving, intentional spending, thoughtful investing, and long term planning all work together to create sustainable financial strength. Wealth is built through decisions made over time, not simply through higher paychecks.
Rather than focusing on earning more, this episode encourages listeners to focus on making smarter choices with what they already earn. Understanding where money goes, aligning spending with goals, and creating a structured plan can make a meaningful difference.
At BWFA, we work with individuals and families to help turn income into lasting opportunity. This episode offers a practical reminder that wealth is about behavior, planning, and consistency.
To learn more about building a comprehensive financial plan, visit BWFA’s Financial Planning Services.
HOW TO PREPARE FINANCIALLY FOR THE UNEXPECTED (WITHOUT OBSESSING)
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Life is unpredictable, but financial planning does not have to be stressful. Learn how to prepare for the unexpected without constant worry.
Full Description
Unexpected events are a part of life. Job changes, health issues, family needs, and economic shifts can all impact financial stability. While it is impossible to plan for every outcome, being financially prepared can help reduce stress and improve confidence when challenges arise.
In this episode of Healthy, Wealthy & Wise, the discussion focuses on how to prepare financially for the unexpected without becoming overwhelmed or overly cautious. The conversation emphasizes balance, showing how thoughtful planning can create flexibility without requiring constant monitoring or fear-driven decisions.
Listeners will learn why preparation is about structure rather than prediction. Establishing emergency savings, maintaining appropriate insurance coverage, and understanding cash flow are foundational steps that help absorb life’s surprises. This episode also explores how over-preparing can be just as harmful as under-preparing, particularly when excessive conservatism limits long-term growth or opportunity.
The discussion highlights the importance of clarity. Knowing what resources are available and how they fit into an overall financial plan allows individuals to respond thoughtfully rather than react emotionally. Preparation does not mean obsessing over worst-case scenarios. It means building a plan that can adapt as circumstances change.
Rather than offering quick fixes or rigid rules, this episode encourages a calm, intentional approach to financial readiness. When preparation is aligned with goals and values, it becomes a source of confidence rather than anxiety.
At BWFA, we help clients design financial plans that are resilient, flexible, and realistic. Preparing for the unexpected is not about fear. It is about creating a plan that supports you through whatever life brings.
To learn more about building a flexible financial plan, visit BWFA’s Financial Planning Services.
GETTING THE MOST OUT OF A MARYLAND 529
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Maryland 529 plans offer tax advantages for families saving for education. Learn how these plans work and how they fit into college planning.
Full Description
Saving for college can feel overwhelming, especially as education costs continue to rise. Maryland families have access to a powerful tool that can help make this goal more manageable: the Maryland 529 college savings plan. Understanding how these plans work is an important step in building an effective education funding strategy.
In this episode of Healthy, Wealthy & Wise, Larry and Tyler discuss how Maryland 529 plans function and why they are commonly used for college savings. They explain the basic structure of a 529 plan, including how contributions grow over time and how funds can be used for qualified education expenses.
The conversation also highlights the specific benefits available to Maryland residents. State tax deductions, flexibility in contribution amounts, and control over the account all play a role in making Maryland 529 plans appealing for families at different stages of planning. Larry and Tyler also discuss how these plans can be coordinated with other education funding options.
Listeners will learn why it is important to align college savings with broader financial goals. Saving for education should not come at the expense of retirement planning or overall financial stability. This episode emphasizes the value of balance and thoughtful prioritization when planning for future expenses.
Rather than viewing a 529 plan as a standalone solution, Larry and Tyler encourage families to integrate college savings into a comprehensive financial plan. This approach helps ensure education goals are supported while maintaining long-term flexibility.
To learn more about education planning and savings strategies, visit BWFA’s Financial Planning Services.
THE BENEFITS OF STARTING FINANCIAL PLANNING EARLY
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Senior Financial Planner, BWFA |
About This Episode
Starting financial planning early can make a meaningful difference over time. Learn why early action creates flexibility, confidence, and long-term opportunity.
Full Description
Financial planning is often viewed as something to address later in life, once income increases or major milestones approach. In reality, starting early can provide significant advantages that compound over time. The earlier planning begins, the more flexibility individuals have to adapt, adjust, and stay aligned with their goals.
In this episode of Healthy, Wealthy & Wise, Larry and Tyler discuss why early financial planning lays a strong foundation for long-term success. They explain how starting early allows individuals to take advantage of compounding, build healthy financial habits, and make thoughtful decisions without unnecessary pressure.
The conversation highlights how early planning is not about perfection, but direction. Establishing clear priorities, understanding cash flow, and setting realistic goals can help individuals navigate life changes with greater confidence. Early planning also creates room to course-correct as circumstances evolve, rather than reacting under time constraints later on.
Larry and Tyler also emphasize the value of education and consistency. Small steps taken early can have an outsized impact over time. Whether planning for retirement, managing debt, or preparing for future expenses, starting early allows planning decisions to work together more effectively.
Rather than waiting for a “right time,” this episode encourages listeners to view financial planning as an ongoing process that grows alongside them. Early planning supports better decision-making and helps reduce stress as goals become more defined.
At BWFA, we help individuals and families build financial plans that evolve with each stage of life. This episode reinforces the importance of starting early and staying engaged over time.
To learn more about building a financial plan that fits your goals, visit BWFA’s Financial Planning Services.
PASSING A HOME TO THE NEXT GENERATION
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with
Thad Ismart | CFP®, ChFEBC, CEPS Senior Financial Planner
About This Episode
A Qualified Personal Residence Trust, or QPRT, can be a powerful estate planning tool for transferring a home while managing estate taxes. Learn how it works and when it may be appropriate.
Full Description
Transferring a home to the next generation can be one of the most complex parts of estate planning. Between emotional attachment, tax considerations, and long-term planning goals, families often struggle to find the right approach. A Qualified Personal Residence Trust, commonly known as a QPRT, is one option that may help address these challenges.
In this episode of Healthy, Wealthy & Wise, Thad Ismart, CFP®, ChFEBC, CEPS, explains how QPRTs work and why they are sometimes used in estate planning strategies. He outlines how a QPRT allows a homeowner to transfer a residence out of their estate while continuing to live in the property for a specified period of time. If structured properly, this approach can help reduce the taxable value of the estate.
The discussion also highlights important considerations and potential risks. QPRTs are not a fit for every family, and they involve long-term commitments that should be carefully evaluated. Factors such as life expectancy, future housing needs, and changes in tax law all play a role in determining whether a QPRT makes sense.
Thad emphasizes the importance of coordination between estate planning, tax strategy, and overall financial goals. Decisions involving property transfers should never be made in isolation. Understanding both the benefits and limitations of a QPRT helps families avoid unintended consequences.
At BWFA, we work with clients and their estate planning professionals to ensure advanced strategies align with their broader financial picture. This episode provides a practical overview of QPRTs and their role in thoughtful estate planning.
To learn more about estate planning strategies, visit BWFA’s Financial Planning page.
UNDERSTANDING HOW FINANCIAL AID REALLY WORKS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with
Thad Ismart | CFP®, ChFEBC, CEPS Senior Financial Planner
About This Episode
Financial aid is often misunderstood. Learn how the system really works and what families should consider when planning for college costs.
Full Description
Financial aid plays an important role in college planning, yet many families misunderstand how it works and what it can realistically provide. Assumptions about eligibility, timing, and availability often lead to confusion and missed opportunities. Understanding the basics early can make a meaningful difference in how families prepare for higher education expenses.
In this episode of Healthy, Wealthy & Wise, Thad Ismart, CFP®, ChFEBC, CEPS, breaks down the realities of financial aid and explains why expectations do not always match outcomes. He discusses how financial aid formulas evaluate income, assets, and household factors, and why aid packages can vary significantly from one school to another.
The conversation also addresses common misconceptions, such as the belief that only low-income families qualify for assistance or that financial aid will cover the majority of college costs. Thad explains how financial aid decisions are influenced by multiple variables and why planning ahead is essential for families across income levels.
Listeners will gain insight into how financial aid fits into a broader college funding strategy. While aid can help reduce costs, it should not be the sole plan. Thad emphasizes the importance of understanding deadlines, completing required forms accurately, and coordinating financial aid expectations with other savings and planning tools.
At BWFA, we help families navigate college planning with a clear, realistic approach. By understanding how financial aid truly works, families can make more informed decisions and avoid surprises along the way.
To learn more about how education planning fits into your overall financial picture, visit BWFA’s Financial Planning page and explore how thoughtful planning can help you move forward with confidence.
MAKING THE MOST OF A FINANCIAL WINDFALL
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with
Thad Ismart | CFP®, ChFEBC, CEPS Senior Financial Planner
About This Episode
Receiving a financial windfall can be exciting and overwhelming. Learn how to approach sudden wealth thoughtfully and avoid common missteps.
Full Description
A financial windfall can arrive in many forms, including an inheritance, bonus, business sale, or unexpected payout. While the influx of money may feel like an opportunity to act quickly, rushing decisions can often lead to regret. Taking time to plan is one of the most important steps after receiving a windfall.
In this episode of Healthy, Wealthy & Wise, Thad Ismart, CFP®, ChFEBC, CEPS, discusses how to approach a financial windfall with clarity and intention. He explains why emotional reactions, whether excitement or anxiety, can cloud judgment and lead to decisions that do not align with long-term goals.
The conversation emphasizes the value of pausing before making major moves. Creating short-term stability, understanding tax implications, and clarifying personal priorities all play a role in building a thoughtful plan. Rather than viewing a windfall as money that must be spent or invested immediately, Thad encourages listeners to see it as an opportunity to strengthen their overall financial foundation.
Listeners will also learn why aligning a windfall with existing goals is essential. Whether the priority is reducing debt, saving for the future, supporting family, or increasing flexibility, a structured approach helps ensure the money is used intentionally. Planning also helps reduce the risk of lifestyle inflation and other common pitfalls that can erode the long-term value of sudden wealth.
At BWFA, we help individuals integrate windfalls into a broader financial plan so short-term decisions support long-term confidence. With the right guidance, a windfall can become a meaningful step forward rather than a missed opportunity.
To learn more about how windfalls fit into a comprehensive strategy, visit BWFA’s Financial Planning page and explore how thoughtful planning can help you move forward with confidence.
HOW TO MAKE YOUR SAVINGS WORK HARDER
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with
Thad Ismart | CFP®, ChFEBC, CEPS Senior Financial Planner
About This Episode
Saving money is only the first step. Learn how to make your savings work more efficiently toward your long-term financial goals.
Full Description
Saving money is an important habit, but where and how you save can make just as much of a difference as how much you set aside. Many people work hard to build savings, only to leave those dollars sitting idle or earning less than they could over time.
In this episode of Healthy, Wealthy & Wise, the conversation focuses on how to make your savings work harder without taking unnecessary risks. The discussion explores common places people hold cash, such as checking accounts, traditional savings accounts, and short-term vehicles, and explains why some options may limit long-term progress when used incorrectly.
Listeners will learn how aligning savings with specific goals can improve results. Emergency funds, near-term expenses, and long-term objectives all serve different purposes and should be treated differently. This episode highlights why a one-size-fits-all approach to saving often falls short and how thoughtful planning can help improve efficiency.
The episode also addresses the impact of inflation on savings and why earning a return that keeps pace with rising costs matters over time. Small adjustments, such as reviewing account types, time horizons, and risk tolerance, can significantly influence outcomes without requiring drastic changes.
Rather than chasing quick wins or complicated strategies, this discussion emphasizes clarity, discipline, and intentional decision-making. Making your savings work harder is not about doing more. It is about doing the right things with the money you already have.
To learn more about how savings fit into a comprehensive financial plan, visit BWFA’s Financial Planning visit BWFA’s Financial Planning page and explore how thoughtful planning can help you move forward with confidence.
WHY RAISES CAN STILL LEAVE YOU BEHIND
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with
Thad Ismart | CFP®, ChFEBC, CEPS Senior Financial Planner
About This Episode
As income increases, spending often follows, sometimes without being noticed. In this episode, Thad Ismart explains how lifestyle creep quietly erodes savings and why even small spending increases can have significant long-term financial repercussions.
Full Description
Lifestyle creep happens gradually. A raise leads to nicer vacations. A bonus can turn into a bigger home or an upgraded car. Over time, higher spending becomes the norm—even when income fluctuates, or unexpected expenses arise. While these changes may feel manageable in the moment, they can quietly undermine long-term financial goals.
In this episode of Healthy, Wealthy & Wise, Thad Ismart, CFP®, ChFEBC, CEPS, Senior Financial Planner at Baltimore-Washington Financial Advisors, explores the real impact of lifestyle creep and why it’s one of the most common challenges in financial planning. Thad explains how incremental spending increases often go unnoticed until savings stall or financial stress appears.
The conversation highlights how lifestyle creep affects more than just monthly budgets. It can delay retirement, reduce flexibility, and limit the ability to respond to life’s surprises. Thad also discusses how social comparison and changing expectations play a role, making it easy to spend more simply because it feels “normal.”
Listeners will learn practical ways to manage lifestyle creep without sacrificing enjoyment. Thad emphasizes the importance of intentional spending, regular financial check-ins, and aligning lifestyle choices with long-term priorities. By setting clear goals and reviewing them as income changes, individuals can enjoy progress without losing control.
At BWFA, we help clients create financial plans that balance today’s lifestyle with tomorrow’s security. This episode encourages listeners to recognize subtle spending shifts and make thoughtful choices that support lasting financial confidence.
To learn more about building a sustainable plan, visit BWFA’s Financial Planning Services.
WHAT MOST PEOPLE MISS IN THEIR FINANCIAL PLANNING
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with
Thad Ismart | CFP®, ChFEBC, CEPS Senior Financial Planner
About This Episode
Even when your finances feel “on track,” hidden blind spots can quietly undermine your progress. In this episode, Thad Ismart explains how overlooked behaviors, assumptions, and habits can create financial risk—and how to identify them early.
Full Description
Many people assume that once they have a budget, an emergency fund, and a basic investment strategy, their financial life is in good shape. But confidence can sometimes create blind spots—areas that go unexamined simply because they’re unfamiliar, uncomfortable, or easy to postpone.
In this episode of Healthy, Wealthy & Wise, Thad Ismart, CFP®, ChFEBC, CEPS, Senior Financial Planner at Baltimore-Washington Financial Advisors, explores common financial blind spots and why they matter. He explains how people often focus on the parts of money management they understand while overlooking equally important areas that can impact long-term outcomes.
Thad discusses how phrases like “spend money to make money” can be misunderstood and lead to unnecessary risk. He also explains why common financial rules of thumb—such as avoiding tax refunds at all costs—don’t always apply to every situation. What works for one person may not work for another, and rigid thinking can prevent better solutions.
Another major blind spot is comparison. Social media and lifestyle envy can distort priorities, pushing people to spend, invest, or borrow in ways that don’t align with their goals. Thad also highlights how early life experiences shape our beliefs about money, often influencing decisions without us realizing it.
Finally, the episode addresses one of the most common blind spots of all: retirement planning procrastination. Many people delay planning because the future feels uncertain or overwhelming. Thad emphasizes that financial planning is an ongoing process—one that evolves as life changes.
This episode encourages listeners to step back, reassess assumptions, and address the gaps they may not even know exist.
At BWFA, our financial planning process is designed to identify gaps and help clients make informed decisions over time. For more information, visit BWFA’s Financial Planning Services.
COSTLY MISTAKESTHE PITFALLS OF IRA WITHDRAWALS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Individual Retirement Accounts (IRAs) are powerful tools for building wealth, but costly mistakes with withdrawals can lead to penalties, taxes, and reduced savings. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explain how to avoid common errors with IRA withdrawals and keep your retirement plan on track.
Full Description
IRAs are designed to help individuals save for retirement with tax advantages. But when it comes time to withdraw funds, the rules can be complex. Missteps—like withdrawing too early, missing required distributions, or failing to plan for taxes—can create significant financial consequences.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor, Jr. and Tyler Kluge break down the most common mistakes people make with IRA withdrawals. They explain how taking money out before age 59½ can trigger early withdrawal penalties, and how overlooking required minimum distributions (RMDs) after age 73 can result in steep fines. The discussion also highlights how failing to coordinate withdrawals with other income sources can push retirees into higher tax brackets.
Listeners will learn strategies to avoid these pitfalls. Sandy and Tyler emphasize the importance of understanding withdrawal timelines, planning ahead for taxes, and considering how withdrawals align with broader retirement goals. They also discuss how beneficiaries can make costly mistakes when inheriting IRAs if they don’t follow the right distribution rules.
The key takeaway: accumulating savings in an IRA is only part of the journey. Managing withdrawals wisely is just as important for preserving wealth in retirement. With the right guidance, retirees can maximize the value of their IRAs while minimizing taxes and penalties.
At BWFA, we help clients navigate the complexities of retirement accounts, ensuring that every decision supports long-term financial security. This episode provides practical insights into how to avoid fumbling one of the most important aspects of retirement planning.
For more resources, visit BWFA’s Tax Planning Services.
COSTLY MISTAKESRELOCATING TOO QUICKLY IN RETIREMENT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Relocating in retirement can be exciting, but moving without proper research can turn into a costly mistake. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explain the risks of relocating too quickly—and how to make sure your next move supports both your lifestyle and your financial goals.
Full Description
A new home in retirement often represents more than just a change of address. For many, relocation symbolizes freedom, fresh opportunities, or a chance to be closer to family. Yet without careful planning, the dream move can bring unexpected expenses and regrets.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explore the common pitfalls of relocating without enough research. They explain how factors like cost of living, property taxes, healthcare access, and state tax laws can have a lasting impact on financial security. Even small differences—such as insurance costs or utility bills—can add up over the years and strain a retirement budget.
Listeners will also learn why lifestyle factors matter as much as financial ones. A move to a warmer climate may seem ideal, but access to quality healthcare, transportation, and social networks is equally important. Sandy and Tyler share real-world examples of clients who reconsidered relocation plans after evaluating these details.
The key takeaway is that relocation should never be a snap decision. By running the numbers, visiting multiple times, and discussing long-term goals with a financial planner, retirees can ensure their move enhances rather than hinders their retirement.
At BWFA, we help clients weigh the financial and lifestyle implications of relocation. This episode offers practical strategies to avoid surprises and make relocation a positive step forward.
For more guidance, visit BWFA’s Financial Planning Services.
COSTLY MISTAKESTHE REALITY OF CREDIT MISUSE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Credit cards are convenient, but without careful management, they can become a financial trap. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge discuss how misusing credit cards impacts long-term financial health—and share strategies for avoiding costly mistakes.
Full Description
Credit cards offer convenience, rewards, and short-term flexibility. Yet for many, they also become a source of debt and financial stress. High interest rates, overspending, and missed payments can quickly add up, making it harder to save, invest, or plan for retirement.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor, Jr., and Tyler Kluge discuss the hidden risks of mismanaging credit cards. They explain how carrying balances month after month erodes wealth and why relying on credit for everyday expenses creates long-term challenges. The conversation also covers the impact of late payments on credit scores and how that can affect borrowing costs in the future.
Listeners will learn practical strategies for using credit responsibly. Sandy and Tyler share insights on how to avoid common traps, such as making only minimum payments or applying for too many cards at once. They also highlight the importance of budgeting, paying balances in full, and using rewards programs wisely.
The key message is that credit cards are not inherently bad—they simply require discipline. With thoughtful use, they can provide flexibility and even benefits. Without discipline, they can derail savings goals and put your financial security at risk.
At BWFA, we help clients make informed decisions about debt, savings, and long-term planning. This episode offers actionable advice to help you avoid the pitfalls of mismanaging credit cards and build a stronger financial foundation.
For more financial planning resources, visit BWFA’s Financial Planning Services.
COSTLY MISTAKESTHE RISK OF OVERLOOKING INFLATION
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Inflation may not seem dramatic day-to-day, but over time it quietly erodes your purchasing power. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explain why ignoring inflation is one of the most common and costly mistakes retirees make.
Full Description
Inflation has always been part of the economic landscape, but recent years have reminded us how quickly costs can rise. Even modest annual increases add up over decades, changing what retirees can afford and forcing tough decisions about lifestyle, travel, and healthcare. Planning without accounting for inflation often leads to budgets that work on paper at the start of retirement but fail later on.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor, Jr. and Tyler Kluge break down why inflation is called the “invisible thief.” They explain how it reduces the value of savings, increases the cost of essential services, and undermines long-term financial security. Retirees who ignore inflation may find that what felt safe in their 60s becomes inadequate in their 80s.
Listeners will learn practical ways to protect against inflation. Strategies include investing in growth assets, diversifying income streams, and reviewing plans regularly to reflect changing conditions. Sandy and Tyler also share how BWFA helps clients stress-test portfolios under different inflation scenarios, offering peace of mind that the plan can adapt to both gradual increases and unexpected spikes.
The key takeaway is that retirement planning must look forward, not just focus on today’s expenses. By anticipating rising costs and adjusting proactively, you can preserve purchasing power, maintain your lifestyle, and protect the legacy you hope to leave for loved ones.
For more guidance, visit BWFA’s Financial Planning Services.
COSTLY MISTAKESHOW TO AVOID RUNNING OUT TOO SOON
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Spending too quickly in retirement can drain savings and create stress later in life. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explain the “retirement spending trap” and share strategies to make sure your money lasts as long as you do.
Full Description
Retirement should be a time to enjoy the results of years of saving and planning. Yet many retirees fall into the spending trap—using their nest egg too quickly in the early years. What feels comfortable in the moment may create long-term financial pressure, especially as healthcare costs rise and lifespans extend.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor, Jr. and Tyler Kluge discuss the importance of pacing withdrawals. They explain how lifestyle choices, travel, and large purchases in the first decade of retirement can have ripple effects decades later. The conversation also highlights why required minimum distributions and tax considerations should factor into withdrawal strategies.
Listeners will learn how to develop a sustainable spending plan that aligns with both current lifestyle desires and future needs. Sandy and Tyler share examples of clients who adjusted their spending pace to preserve financial flexibility while still enjoying retirement. They also emphasize the role of professional planning in stress-testing different scenarios to ensure confidence throughout retirement.
The retirement spending trap isn’t about avoiding enjoyment—it’s about making thoughtful choices that balance today’s lifestyle with tomorrow’s security. By slowing down spending in the early years and reviewing your plan regularly, you can maintain peace of mind while protecting your financial legacy.
For more guidance, visit BWFA’s Financial Planning Services.
COSTLY MISTAKESSPENDING BONUSES THE WRONG WAY
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Year-end bonuses can provide a big financial boost, but without a plan, extra income often disappears quickly. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explain why “blowing your bonus” is a costly mistake—and how to turn windfalls into long-term opportunity.
Full Description
Receiving a bonus feels rewarding. It can be tempting to celebrate with a big purchase, upgrade, or vacation. But when bonuses are spent too quickly, they fail to create lasting financial impact. Instead of building wealth, they disappear into short-term lifestyle choices.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor, Jr. and Tyler Kluge discuss the common mistake of “blowing your bonus.” They explain how treating bonuses like “found money” often leads to spending that doesn’t align with long-term goals. The conversation highlights how extra income, when used wisely, can accelerate savings, pay down debt, or strengthen retirement plans.
Listeners will hear practical strategies for putting bonuses to work. Sandy and Tyler share how dividing bonuses into buckets—such as savings, debt reduction, and enjoyment—creates balance between financial progress and personal reward. They also discuss how ignoring tax implications can lead to surprises, and why planning ahead ensures that a bonus creates lasting value.
The key takeaway: bonuses are opportunities, not guarantees. By planning in advance, individuals can avoid the costly mistake of spending without intention. Even small steps—like contributing to retirement accounts, funding emergency savings, or investing for growth—can have an outsized impact when applied consistently.
At BWFA, we help clients integrate windfalls like bonuses into their broader financial plans. This episode shows how a thoughtful approach can turn extra income into meaningful progress toward long-term goals.
For more insights, visit BWFA’s Financial Planning Services.
COSTLY MISTAKESSELLING IN A DOWN MARKETFROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Selling investments during a market downturn can feel like the safe move—but it’s often the most costly. In this episode, BWFA’s Sandy Hornor and Tyler Kluge explain why timing the market rarely works, and how emotional decisions can derail your long-term financial plan.
Full Description
When markets fall, fear often takes over. Investors may feel pressure to sell their holdings to “avoid more losses,” but history shows that this reaction usually does more harm than good. Selling in a down market not only locks in losses—it also prevents investors from benefiting when markets rebound.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor and Tyler Kluge discuss why selling during downturns is one of the most damaging financial mistakes investors make. They explain how emotional reactions, rather than strategy, often drive poor timing decisions. Once investors move to cash, they face two nearly impossible tasks: deciding when to sell and when to get back in. Missing even a few of the market’s best days—many of which occur during volatile periods—can set back long-term growth significantly.
Sandy and Tyler share practical strategies to help listeners avoid panic-driven decisions. They emphasize the importance of planning, understanding risk tolerance, and aligning investments with short-, mid-, and long-term needs. They also explain how diversifying portfolios and allocating funds to conservative assets can provide stability during volatile times.
A key takeaway: volatility is temporary, but your goals are not. By sticking with a well-structured plan and working with a trusted advisor, you can stay focused on what you can control and weather downturns with confidence.
At BWFA, we help clients design portfolios that can endure market cycles without jeopardizing long-term goals. This episode offers perspective, reassurance, and a steady reminder to stay the course.
For more insights, visit BWFA’s Investment Management Services.
COSTLY MISTAKESWHY SAVING TOO LITTLE HURTS LATER
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Saving may appear simple, but many individuals underestimate the actual amount they’ll require for retirement. In this episode, BWFA’s Sandy Hornor and Tyler Kluge delve into the reasons behind insufficient savings and highlight it as one of the most expensive financial blunders. They also provide actionable steps to help you catch up.
Full Description
Retirement often arrives sooner than expected—and for many, the biggest regret isn’t market losses, but simply not saving enough. While most people know they should save, few realize how quickly expenses grow and how inflation can double the cost of living every 20 years.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor and Tyler Kluge break down the realities of under-saving. They explain why retirement “sneaks up” faster than most expect, and how even diligent savers can fall short without a clear plan. The discussion emphasizes the importance of starting early, automating savings, and increasing contributions over time.
Sandy and Tyler also highlight the math behind compounding and inflation. A 7% annual return doubles a portfolio roughly every 10 years—but costs double about every 20. The earlier you start, the more power compounding has to work in your favor. For those starting late, they share realistic steps to catch up, such as boosting savings rates, maximizing employer plans, and aligning investments to long-term goals.
The conversation wraps with a reminder that successful retirement planning isn’t about reacting to markets—it’s about integrating all aspects of wealth management. At BWFA, our comprehensive approach includes investment management, financial planning, tax strategy, and estate planning to ensure all parts of your plan work together.
If you’re wondering whether you’re saving enough—or worried you’re behind—it’s never too late to take control of your future.
For more insights, visit BWFA’s Financial Planning Services.
COSTLY MISTAKESNOT HAVING ESTATE PLANNING DOCUMENTSFROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Estate planning isn’t only for the wealthy. Without the right documents, families may face legal challenges, financial stress, and uncertainty. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explain why putting off estate planning is a costly mistake, and how to avoid it.
Full Description
Estate planning is often misunderstood. Many assume it’s only necessary for people with large estates, but in reality, nearly everyone benefits from having key documents in place. A lack of planning can leave families unprepared, force courts to make critical decisions, and create unnecessary stress during already difficult times.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor, Jr. and Tyler Kluge discuss the risks of not having essential estate planning documents. They explain the role of wills, powers of attorney, and healthcare directives in ensuring that your wishes are carried out. They also highlight how trusts can provide structure for transferring assets, minimizing disputes, and reducing costs for loved ones.
Listeners will hear stories of families caught unprepared because estate documents weren’t updated—or never created. Sandy and Tyler emphasize that estate planning is not a one-time task. It must evolve with changes in family circumstances, financial situations, and state or federal laws.
The episode also explores the emotional benefits of planning. Having documents in place allows families to focus on care and connection instead of conflict and confusion. It’s not just about money; it’s about protecting the people and priorities that matter most.
At BWFA, we work with clients to review and update estate planning as part of a comprehensive financial strategy. This episode highlights why it’s important to act now rather than wait until it’s too late.
For more information, visit BWFA’s Financial Planning Services.
COSTLY MISTAKESTHE DOWNSIDES OF EARLY PAYOFF
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
For many homeowners, paying off the mortgage feels like the ultimate financial milestone. But doing it too early can sometimes create unintended consequences. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explain why paying off your mortgage may not always be the best move in retirement.
Full Description
Owning a home free and clear is a common financial goal. It provides emotional satisfaction, eliminates a major monthly bill, and can feel like the ultimate symbol of financial security. Yet for retirees, rushing to pay off a mortgage can be a costly mistake if it disrupts cash flow or limits investment opportunities.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explore the trade-offs of using retirement funds to eliminate mortgage debt. They explain how withdrawing large sums to pay off a loan can trigger higher taxes, reduce liquidity, and leave less money invested for growth. While debt-free living has its appeal, it may not always align with long-term financial health.
Listeners will hear why context matters—interest rates, tax brackets, and income sources all play a role in whether paying off a mortgage makes sense. Sandy and Tyler share examples of retirees who balanced a modest mortgage with strong investment growth, ultimately ending up with more flexibility and wealth than if they had paid off the loan immediately.
The key lesson is that mortgage decisions should be made within the larger framework of a retirement plan. By weighing both the financial and emotional aspects, retirees can choose the approach that provides confidence today while protecting future stability.
For more guidance, visit BWFA’s Financial Planning Services.
COSTLY MISTAKESWHEN LIFE INSURANCE FALLS SHORT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
About This Episode
Life insurance is meant to provide peace of mind and protection for loved ones, but many people discover too late that their coverage is inadequate. In this episode, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explain how to avoid this costly mistake and ensure your family’s future is secure.
Full Description
Life insurance often gets purchased early in a career and then left unchanged for years. While the policy may have been sufficient at the time, family needs, debts, and income can change dramatically. Too often, people only realize their coverage is lacking when a major event occurs, leaving loved ones financially vulnerable.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor, Jr. and Tyler Kluge explore the risks of inadequate life insurance. They discuss why many policies fall short and how factors like inflation, rising expenses, and lifestyle changes can quickly make an old policy outdated. The hosts also examine the difference between term and permanent coverage, stressing the importance of matching insurance to your goals.
Listeners will learn how to evaluate whether their current coverage truly protects dependents, pays off debts, and replaces income if the unexpected happens. Sandy and Tyler share examples of clients who reassessed their needs and adjusted policies to better align with family and financial goals.
The takeaway is simple: life insurance is not a one-time decision. It should evolve with your circumstances. By reviewing coverage regularly and working with a professional, you can help ensure that your plan provides the right level of protection—now and in the future.
For more guidance, visit BWFA’s Financial Planning Services.
HOW TAX CHANGES WILL AFFECT CHARITABLE GIVING
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with
Thad Ismart | CFP®, ChFEBC, CEPS Senior Financial Planner
About This Episode
Major tax changes are coming in 2026, and they’ll reshape how Americans give to charity. In this episode, BWFA’s Thad Ismart, CFP®, ChFEBC, CEPS, explains what’s changing, who’s affected, and how to make the most of your charitable donations under the new rules.
Full Description
Charitable giving is about more than generosity—it’s also an important financial planning tool. But as key tax provisions are set to expire in 2026, many households could see the value of their charitable deductions change dramatically.
In this episode of Healthy, Wealthy & Wise, BWFA’s Thad Ismart, CFP®, ChFEBC, CEPS, Senior Financial Planner, outlines the upcoming changes to charitable giving and what donors should consider now. Under current law, those who take the standard deduction may soon qualify for a new above-the-line charitable deduction: $1,000 for individuals and $2,000 for married couples. While that’s welcome news for many, itemizers will face new thresholds and reduced deduction rates.
Thad explains how these adjustments may affect high-income earners and retirees who rely on charitable giving to manage taxes and support causes they care about. He also discusses how Qualified Charitable Distributions (QCDs) from IRAs remain one of the most efficient strategies for donors over age 70½, offering a way to give tax-free while satisfying required minimum distributions.
Listeners will learn how to use timing to their advantage—whether it’s accelerating donations before 2026, adjusting income levels, or combining giving strategies with estate and retirement planning. The key takeaway is simple: with the right planning, you can continue giving generously while maximizing your tax benefits.
At BWFA, we help clients align charitable goals with financial objectives to create meaningful and lasting impact. This episode offers valuable insights for anyone who wants to give smarter in the years ahead.
For more information, visit BWFA’s Financial Planning Services.
10 KEY MEDICARE CHANGES TO KNOW IN 2026
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with
Thad Ismart | CFP®, ChFEBC, CEPS Senior Financial Planner
Medicare is changing in 2026, and the updates will impact premiums, drug costs, and benefits. In this episode, BWFA’s Thad Ismart, CFP®, ChFEBC, CEPS, breaks down the 10 most important changes retirees and families need to know to stay prepared.
Full Description
Medicare plays a central role in retirement planning, but the program is constantly evolving. Beginning in 2026, significant changes are scheduled that will affect millions of Americans. Some updates may help retirees save money, while others could increase costs or reduce benefits.
In this episode of Healthy, Wealthy & Wise, BWFA’s Thad Ismart, CFP®, ChFEBC, CEPS, Senior Financial Planner, explains the 10 biggest Medicare changes coming in 2026 and what they mean for you. Among the most notable: Part B premiums are projected to increase by more than 11%, making healthcare more expensive for many retirees. On the other hand, prescription drug costs are expected to drop as new pricing rules take effect, and out-of-pocket caps will help limit spending.
Thad also highlights program adjustments that may surprise beneficiaries. Medicare Advantage plans could scale back supplemental benefits, while Original Medicare is introducing new pre-authorization requirements in pilot states. These changes underscore the need for proactive planning to ensure coverage continues to align with your healthcare and financial goals.
Listeners will gain practical strategies to navigate these shifts. Thad explains how to budget for rising premiums, how to take advantage of reduced drug prices, and why reviewing coverage annually is more important than ever. By understanding these changes in advance, retirees can avoid unpleasant surprises and adapt their plans to maintain stability.
At BWFA, we integrate healthcare costs into every financial plan, helping clients prepare for Medicare updates and the long-term expenses of retirement. This episode offers clear guidance on what’s ahead in 2026 and how to protect your financial future.
For more resources, visit BWFA’s Financial Planning Services.
THE OVERLOOKED $2 MILLION SOCIAL SECURITY MISTAKE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| withThad Ismart | CFP®, ChFEBC, CEPS Senior Financial Planner |
Social Security benefits can add up to more than $2 million for some households, yet many wealthy families overlook their value. In this episode, Senior Financial Planner Thad Ismart explains how high-net-worth individuals can make the costly mistake of ignoring Social Security—and strategies to maximize its impact.
Full Description
When people think about Social Security, they often imagine modest monthly checks. But over a lifetime, benefits can exceed $2 million for many high-earning households. Unfortunately, wealthy individuals often dismiss Social Security as irrelevant, leaving valuable opportunities on the table.
In this episode of Healthy, Wealthy & Wise, Thad Ismart, CFP®, ChFEBC, CEPS, Senior Financial Planner at BWFA, explores how affluent families can misuse—or underuse—Social Security benefits. Thad explains how treating Social Security as “extra” income rather than a strategic asset can lead to missed planning opportunities.
The conversation covers practical ways to put Social Security to work. For instance, using benefits to help fund long-term care, cover estate taxes, or purchase life insurance that transfers wealth more efficiently. Thad also highlights strategies like gifting benefits into trusts, which can create tax-smart legacies for heirs.
Listeners will come away with a better understanding that Social Security is not just a government check but a tool that can enhance a larger financial plan. Wealthy households that integrate Social Security thoughtfully may free up other assets for investment, giving, or family support.
At BWFA, we help clients of all income levels make informed decisions that align with their goals. This episode encourages even high-net-worth families to reconsider the role Social Security can play in their overall strategy.
For more insights, visit BWFA’s Financial Planning Services.
WHAT TO DO WITH LEFTOVER 529 FUNDS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
Episode Details:
Saving for education is one of the best financial gifts you can give your family. But what happens when a child graduates and there’s still money left in the 529 plan? Many families find themselves asking this very question. In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor and Tyler Kluge share practical strategies for putting leftover 529 funds to work.
They begin by explaining the flexibility of 529 plans. These accounts aren’t limited to just one child or even one generation. With a simple change of beneficiary, leftover funds can be reassigned to a sibling, cousin, or grandchild. Parents can even use the money for their own continuing education. The hosts also highlight how some families leave funds invested, allowing tax-free growth until future generations are ready for school.
A newer option gaining attention is the ability to roll a portion of unused funds into a Roth IRA. Under current law, certain conditions apply, but this strategy can jump-start retirement savings for children or grandchildren. Sandy and Tyler walk through when a Roth rollover makes sense and how it can add long-term value.
Not every situation allows for easy transfers, and sometimes withdrawals are considered. Non-qualified withdrawals typically involve taxes and penalties, but exceptions exist—such as when the student has received a scholarship. This episode provides guidance on how to evaluate whether withdrawing funds is ever the right move.
Ultimately, leftover 529 funds are a “good problem” that reflects disciplined saving. With the right planning, families can use those dollars to support future education, retirement, or even their own lifelong learning.
For more insights, visit our College Planning Services page. To explore current rules and IRS guidance on qualified education expenses, see the IRS 529 Plan FAQ.
IS CASH KING? BALANCING LIQUIDITY AND GROWTH
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
Episode Details:
Cash is often described as either “king” or “trash.” In reality, it can be both—depending on your circumstances. In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor and Tyler Kluge explore when holding cash makes sense and when it may work against your long-term goals.
The conversation begins with why cash matters. Having an emergency fund provides peace of mind and flexibility when life delivers the unexpected—medical bills, job loss, or urgent home repairs. Sandy and Tyler discuss how to size an emergency fund, why rules of thumb like “three to six months of expenses” may not fit every situation, and how personal factors such as job stability or income volatility affect the right cash balance.
But cash also has drawbacks. For retirees who already have stable income from pensions or Social Security, holding too much in cash can mean missed opportunities for growth. The episode shares real-life examples of families who kept significant wealth in ultra-conservative accounts—only to realize that over decades, inflation would erode their purchasing power and diminish the legacy they hoped to leave to children and grandchildren.
Sandy and Tyler emphasize that the right answer depends on goals, timing, and flexibility. They recommend tailoring cash holdings to personal risk tolerance, liquidity needs, and investment horizon. The discussion also touches on practical strategies, such as using money markets, high-yield savings, or laddered CDs to keep funds both safe and accessible.
Finally, listeners are reminded that cash needs evolve with life changes—new jobs, growing families, or retirement. Reviewing and adjusting cash reserves regularly is critical to keeping financial plans on track.
For more insights, visit BWFA’s Financial Planning Services.
WHAT IS FINANCIAL PLANNING? A COMPLETE GUIDE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
Episode Details:
Financial planning is often confused with investing, estate planning, or tax planning. However, at its core, financial planning is bigger than any one piece—it’s the roadmap that helps you reach your life and financial goals with clarity and direction.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor and Tyler Kluge explain what financial planning truly means. They discuss how a comprehensive plan covers every part of your financial life: budgeting, saving, debt management, investing, insurance, retirement, and estate planning. Together, these elements create a foundation that helps you not only build wealth but also protect it for the future and for your loved ones.
Listeners will also learn why financial planning is more than picking investments. It is about setting short-, mid-, and long-term goals and then creating a clear path to achieve them. Sandy and Tyler emphasize starting early, automating savings, and avoiding lifestyle creep. In addition, they highlight how estate planning documents, though often overlooked, play a critical role in protecting family members and ensuring your wishes are honored.
Flexibility is another key takeaway. Plans should not remain static. Just as a pilot adjusts course during turbulence, financial plans must adapt to changes in life. Career transitions, shifting markets, or major family milestones may require new strategies. That is why ongoing updates, regular reviews, and professional guidance are essential to staying on track.
With more than four decades of experience, BWFA has guided thousands of families as they set goals, manage challenges, and move forward with confidence. This episode offers practical tips as well as reassurance: you don’t have to plan alone. Our advisors are here to help you build and maintain a strategy that works.
For more insights on financial planning, visit BWFA’s Financial Services page
THE EIGHTH WONDER OF THE WORLD – THE QCD!
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | andTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
Episode Details:
For charitably minded retirees, a Qualified Charitable Distribution (QCD) can be one of the smartest tax strategies available. In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor and Tyler Kluge explain how QCDs allow individuals age 70½ and older to donate directly from an IRA to a qualified charity—with meaningful tax benefits.
Listeners will learn how QCDs work, the eligibility rules, and why this strategy often provides more advantages than giving directly from a bank account. For example, donating through a QCD reduces adjusted gross income, which may in turn lower Medicare premiums or reduce the taxable portion of Social Security benefits. Sandy and Tyler also explain how the annual contribution limits apply—$108,000 per person in 2025, or $216,000 for married couples filing jointly.
The episode covers important differences between required minimum distributions (RMDs) and QCDs, showing why the two should not be confused. Unlike taking an RMD and then writing a check to charity, a QCD ensures the distribution is never taxed in the first place. This simple distinction can mean substantial savings.
Practical guidance is also included. The hosts explain how to properly execute a QCD, why the funds must go directly from the IRA custodian to the charity, and how deadlines affect year-end giving. They also share a timeline for planning—suggesting that clients aim to finalize QCDs well before December to ensure smooth processing.
Ultimately, QCDs represent a powerful way to align charitable giving with tax-smart planning. For clients who are both financially secure and charitably inclined, this episode highlights why QCDs are often referred to as the “eighth wonder” of retirement planning.
For more on BWFA’s approach, visit BWFA’s Tax Planning page.
VOLATILITY TO CLARITY: PROVEN INVESTING LESSONS THAT WORK
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
Episode Details:
Every investor encounters ups and downs. But those who grow their wealth over time often learn something valuable from each experience. In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor explores what recent market cycles can teach us about smarter investing.
From the turbulence of 2020 to the surprises of 2025, Sandy walks listeners through common behaviors that trip up investors. Reacting emotionally, chasing hot stocks, or sitting on the sidelines too long can all reduce long-term success. These lessons aren’t just theoretical—they’re pulled directly from real market movements and client experiences.
Importantly, Sandy focuses on the difference between reacting and responding. When volatility hits, it’s tempting to shift strategies or pull back. However, history shows that staying the course and relying on a long-term plan often leads to better outcomes. Timing the market rarely works, but time in the market builds resilience and results.
In addition to mindset, this episode discusses strategic habits. These include diversifying assets, reassessing risk tolerance, and regularly reviewing your portfolio. While these actions may seem simple, they form the foundation of effective investing.
If you’re an experienced investor looking to reflect—or a newer one hoping to avoid common traps—this discussion will leave you more informed and confident. For more guidance on aligning your investments with your long-term goals, visit our Investment Management page.
Looking for a more detailed approach? Schedule a complimentary consultation with us!
At BWFA, we believe every market moment can shape a wiser investor. Whether you’re saving for retirement, funding education, or building a legacy, the best time to learn is now.
WHAT DOES A MILLIONAIRE LOOK LIKE?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
Episode Details:
When people picture a millionaire, they often imagine luxury cars, expensive homes, and flashy lifestyles. But in reality, most millionaires look very different.
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor breaks down the habits and characteristics that many millionaires share. Surprisingly, most didn’t inherit their wealth or attend elite schools. Instead, they achieved financial independence through consistent saving, long-term investing, and careful decision-making.
Sandy shares practical statistics and real-life patterns, showing how many Americans have quietly reached the million-dollar milestone. He also explains how early planning, smart spending, and simple investment strategies often matter more than income alone.
You’ll learn how some millionaires build wealth through business ownership, while others rely on disciplined retirement savings. The episode also touches on how millionaires think about risk, giving, and lifestyle—even after achieving their goals.
Whether you’re just starting your financial journey or nearing retirement, this conversation helps you understand what it really takes to build lasting wealth. It may also inspire you to rethink what success looks like.
Listen now to discover how ordinary habits can lead to extraordinary outcomes.
THE TRUTH ABOUT SOCIAL SECURITY TAXES
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
Episode Details:
You may have heard that Social Security benefits are no longer taxed, but that’s not the whole story.
In this Tax Talk episode of Healthy, Wealthy & Wise, BWFA’s Larry Post clarifies the facts. While a new $6,000 senior deduction (per person, age 65+) might help some retirees lower their taxes, the original Social Security tax rules are still in effect. This means many people will continue to pay taxes on up to 85% of their benefits.
Larry explains how the new deduction works, who qualifies, and why income thresholds are important. For example, the deduction completely phases out at $175K for singles and $250K for couples. If you or a loved one is close to retirement, these details could help you plan better for tax season.
This episode offers a clear look at what’s new and what stays the same so that you can make informed decisions.
PROMISES AND PITFALLS OF THE NEW TAX LAW
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
Episode Details:
In this episode of Healthy, Wealthy & Wise, Sandy Hornor explains how the new “One Big Beautiful Bill Act” may affect your taxes. While the bill promises tax breaks, many of them come with fine print—like income limits and phase-outs. That means planning ahead is more important than ever.
Sandy covers the expanded SALT deduction, a new $6,000 senior deduction for those age 65 and older, and the now-permanent Qualified Business Income (QBI) deduction. He also reviews smaller but meaningful benefits, such as new deductions for tips, overtime, and car loan interest. However, each one comes with eligibility thresholds that may surprise you.
This episode gives you a clear, high-level overview of what changed, what stayed the same, and why financial and tax planning must now work hand-in-hand. If you’re unsure how the 2025 tax law will impact your income, investments, or filing status, this discussion will help you cut through the confusion
VOLATILITY VS. RISK
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
Episode Details:
Volatility and risk are not the same, and misunderstanding the difference can derail your investment strategy.
In this timely episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor explains why market swings (volatility) should be expected and even welcomed, while risk—the permanent loss of capital—is what truly threatens long-term financial health. Sandy breaks down the various types of financial risk, including credit and interest rate risk, liquidity, currency, and systemic risk.
You’ll also hear how investors often misjudge their capacity versus their willingness to tolerate risk. Are you chasing returns but not positioned to handle the downside? Do you have concentrated holdings that could create hidden vulnerabilities? This episode explores those questions and more, offering a framework to help align your investment decisions with your real-life goals and risk tolerance.
Whether you’re navigating a volatile 2025 or want more peace of mind in your financial life, this episode will help you think clearly about where your true exposure lies—and how to protect yourself from it. Perfect for both experienced investors and those new to portfolio strategy.
WHERE DO YOU GET YOUR FINANCIAL ADVICE?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
TOWNSEND HORNOR JR., CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
Episode Details:
In this insightful episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor explores how Americans of all ages and backgrounds seek financial advice—and what the patterns reveal about confidence, access, and outcomes. Drawing from a recent Gallup study, Sandy breaks down the generational and income-based differences in financial behavior. You’ll hear how younger adults tend to rely on social media, friends, and websites, while older and wealthier individuals increasingly turn to professionals.
The episode also highlights how the use of digital resources often correlates with financial dissatisfaction, while those who work with a financial planner are more likely to feel in control of their future. Listeners will learn why it might be time to upgrade from a DIY approach to a more strategic relationship with a financial advisor—especially when wealth starts to accumulate or life becomes more complex.
As the episode concludes, Sandy makes the case for introducing financial education earlier in life—especially as part of a family’s broader generational wealth planning. If you’ve ever wondered whether your current financial information sources are serving you well—or if your children or parents could benefit from different guidance—this discussion offers a thoughtful and data-backed perspective.
EFFECTIVE SELF-TALK: HOW IT IMPACTS HEALTH AND PERFORMANCE WITH MARYROSE BLANK
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Speakers:
| Eve Kennedy | CEPSClient Relations Specialist, BWFA | MARYROSE BLANK| PSY.D., M.ED., CMPC.Sport & Performance Psychology Consultantand Founder of Tier-1 Mindset | | | |
Episode Details:
BWFA is joined by Maryrose Blank of Tier-1 Mindset to explore the science and practice of effective self-talk. Discover how the words you say to yourself can influence everything from your emotional well-being to physical performance. If you’re looking for simple, empowering tools to build mental resilience and reduce stress, this episode is a must-listen.
SHOULD I INVEST IN REAL ESTATE?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
TOWNSEND HORNOR JR., CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
Episode Details:
Real estate remains a popular investment topic in 2025. But is it still the right choice for your financial goals?
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor walks through the key factors to weigh before investing. He explains how rising interest rates, shifting market conditions, and updated tax rules are influencing property values and investor returns.
The discussion covers different ways to invest, including rental properties, vacation homes, and Real Estate Investment Trusts (REITs). Each option comes with unique advantages, potential risks, and liquidity considerations. Sandy also addresses the practical realities of property ownership—such as maintenance costs, tenant management, and the time commitment involved.
For those thinking about income generation, diversification, or legacy planning, real estate can be a powerful tool. However, it may also complicate your financial picture if not approached with a clear plan. This episode emphasizes the importance of timing, location, and aligning your property investments with your broader portfolio strategy.
If you’re wondering whether now is the right time to buy, Sandy offers balanced insights. He highlights how professional guidance can help you evaluate potential returns, understand tax implications, and protect against unnecessary risk.
For more on how BWFA helps clients align investments with personal goals, visit our Investment Management page.
CABLE TV OR STREAMING? HOW TO CHOOSE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
Episode Details:
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor tackles the streaming vs. cable debate. Based on personal experience and market research, he outlines the pros and cons of each—cost, flexibility, content, and ease of use—helping you decide which option (or mix of both) best suits your lifestyle and budget.
CLEAR HEADED: A NATURAL APPROACH TO SEASONAL ALLERGIES WITH DR. EMILY
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Speakers:
| Eve Kennedy | CEPSClient Relations Specialist, BWFA | DR. EMILY TELFAIR, N.D.Naturopathic Doctor, HeartSpace Natural Medicine | | | |
Episode Details:
Seasonal allergies can bring more than just sneezing and watery eyes. For many, they impact focus, sleep quality, and overall quality of life. In this episode of Healthy, Wealthy & Wise, Dr. Emily explains how a natural approach can help reduce symptoms and improve resilience during allergy season.
The conversation explores why allergies occur, the role of the immune system, and how environmental triggers affect the body. Dr. Emily shares practical, natural strategies for relief—ranging from diet and hydration to targeted supplements and breathing exercises. She also explains how certain lifestyle adjustments can help minimize allergen exposure and support the body’s natural defenses.
Listeners will learn why timing matters when preparing for allergy season, and how consistent daily practices can make symptoms more manageable. For example, simple changes in your home environment, such as using HEPA filters or adjusting ventilation, can reduce pollen exposure. Nutritional choices, like incorporating anti-inflammatory foods, can also play a role in symptom control.
This episode encourages listeners to think beyond over-the-counter medications and consider a more holistic plan for long-term relief. Dr. Emily emphasizes that every person’s triggers and responses are unique—making a personalized approach key to effective management.
THINKING ABOUT BUYING GOLD?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
Episode Details:
In this episode of Healthy, Wealthy & Wise, BWFA’s Sandy Hornor revisits the topic of investing in gold amid recent market volatility. With gold grabbing headlines in 2025, Sandy explores why investors are drawn to it, its historical performance, and whether it truly serves as a safe haven. From physical gold to ETFs and mining stocks, listeners will gain a thoughtful perspective on the risks, myths, and realities of gold investing today.
TAKING CASH OUT OF YOUR RETIREMENT ACCOUNT?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
Episode Details:
In this episode of Healthy, Wealthy & Wise, BWFA’s Managing Director of Wealth Management, Sandy Hornor, explores what you need to know before withdrawing funds from retirement accounts. Whether you’re considering early retirement, buying a home, or facing a financial crossroads, understanding the tax implications, penalties, and planning strategies around IRAs, 401(k)s, and Roth accounts is essential. Tune in for expert guidance on how to avoid costly mistakes and navigate your retirement cash flow with confidence.
RESIDENTIAL ENERGY CREDITS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
HOW NOT TO RESEARCH STOCKS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
HOW MUCH LIFE INSURANCE DO YOU NEED
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
SOCIAL SECURITY SURVIVOR BENEFITS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
AUTO ACCIDENT CHECKLIST
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
INSURANCE AGENT OR BROKER
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
FEDERAL EMPLOYEES CONSIDERING VERA OR VSIP
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor | CEPSManaging Director, Wealth Management &Executive Manager, BWFA | and special guestTyler Kluge | CFP®, ChFEB℠, CPWA®, CDFA®, CEPS, Financial Planner, BWFA |
EVALUATING A NEW JOB OFFER
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
GAP INSURANCE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
TOOLS TO BOOST RESILIENCY: MENTAL HEALTH PRACTICES FOR SUSTAINED EMOTIONAL HEALTH AND WELLBEING
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Speakers:
| Eve Kennedy | CEPSClient Relations Specialist, BWFA | Dr. Schreiber-PanFounder & President of Care Right, Inc. | | | |
HOUSING OPTIONS FOR OLDER INDIVIDUALSFROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
HEALTH INSURANCE FOR TRAVELERS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
YOUR HOME AS A SOURCE OF DOLLARS IN RETIREMENT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
HANDLING A DISPUTE WITH YOUR INSURANCE COMPANY
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
CHOOSING A CREDIT CARD
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
5 TIPS TO CONSIDER WHEN APPLYING FOR A LOAN
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
ABCS OF AUTO INSURANCE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
BOOK REVIEW “THE INVISIBLE PATIENT” BY ANNALEE KRUGER
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Speakers:
| Eve Kennedy | CEPSClient Relations Specialist, BWFA | Annalee KrugerFounder & President of Care Right, Inc. | | | |
ESTABLISHING A BUDGETFROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
TIME FOR A FINANCIAL CLEANUPFROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
ARE YOU TALKING ABOUT YOUR ESTATE PLAN?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
BOOK REVIEW “THE POWER FOODS DIET” WITH DR. BARNARD
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Speakers:
| Eve Kennedy | CEPSClient Relations Specialist, BWFA | Dr. Neil Barnard, MDPresident of the Physicians Committee for Responsible Medicine | | | |
SINGLE OR MARRIED-NO CHILDREN-IS MY PLANNING DIFFERENT?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Financial Planning Advisor BWFA
401(K) AND TAXES
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
CHANGING DOMICILE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
DIGITAL ASSET ACCOUNTING
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
RMDS – AN OVERVIEW
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
FINCEN CORPORATE TRANSPARENCY ACT BACK IN PLAY – DECEMBER 2024 UPDATE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Financial Planning Advisor BWFA
1099-K $600 REPORTING DELAYED AGAIN
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
MISTAKES MADE WHEN HIRING AN ADVISORFROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Financial Planning Advisor BWFA
MEDICARE DRUG COSTS VARY
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
FINCEN CORPORATE TRANSPARENCY ACT STALLED
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Financial Planning Advisor BWFA
IN-SERVICE DISTRIBUTIONS – AN OVERVIEW
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
DO YOU BELIEVE IN THE SANTA CLAUS RALLY?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
SHOULD I INVEST IN REAL ESTATE?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
THE BRAIN BLUEPRINT FOR COGNITIVE MASTERY IN HEALTH AND HUMAN PERFORMANCE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Speakers:
| Eve Kennedy | CEPSClient Relations Specialist, BWFA | Maryrose Blank, Psy.D., CMPCPerformance Psychology Consultant | | | |
FOOD FOR LIFE: HEALTH FOR MEN
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Speakers:
| Eve Kennedy | CEPSClient Relations Specialist, BWFA | Dr. Brooke Bussard, MDPhysicians Committee for Responsible Medicine,Food for Life Instructor | | | |
IS YOUR DRIVER’S LICENSE ON YOUR IPHONE?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
STRESS LESS: NATURAL REMEDIES FOR STRESS AND ANXIETY
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Speakers:
| Eve Kennedy | CEPSClient Relations Specialist, BWFA | Dr. Emily Telfair N.D.Naturopathic Doctor, HeartSpace Natural Medicine | | | |
STIFF & SORE NO MORE: NATURAL REMEDIES FOR CHRONIC ACHES & PAINS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Speakers:
| Eve Kennedy | CEPSClient Relations Specialist, BWFA | Dr. Emily Telfair N.D.Naturopathic Doctor, HeartSpace Natural Medicine | | | |
SUPER CATCH-UP CONTRIBUTION
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Financial Planning Advisor BWFA
IS YOUR RETIREMENT ACCOUNT INVESTED IN CASH?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
HEALTHY LIVING IN A TOXIC WORLD
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Speakers:
| Eve Kennedy | CEPSClient Relations Specialist, BWFA | Dr. Emily Telfair N.D.Naturopathic Doctor, HeartSpace Natural Medicine | | | |
ESTATE PLANNING FOR YOUR VEHICLE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
POST ELECTION OBSERVATIONS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
GOLD: DOES IT GLITTER?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
GLASS HALF FULL
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
LONG-TERM DISABILITY – DO I NEED IT?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
BANDWAGON EFFECT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
HANDLING GRIEF & ANXIETY DURING THE HOLIDAYS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
Speakers:
| Eve Kennedy | CEPSClient Relations Specialist, BWFA | Ed Nolley, Jr.Ambassador, Volunteer & Doula, Gilchrist | Rabbi Ben ShalvaHospice Chaplain, Gilchrist | | | | |
BEHAVIORAL FINANCE SERIES:
NAÏVE DIVERSIFICATION
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
GAMBLER’S FALLACY
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
PARADOX OF CHOICE EFFECT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
I BONDS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor,
BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
STUDENT LOAN DEBT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor,
BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
HOUSING DEBT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor,
BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
CREDIT CARD DEBT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor,
BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
FINANCIAL PLANNING FOR FAMILIES
PART 3: ESTATE PLANNING
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor,BWFA | and special guestTyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
FINANCIAL PLANNING FOR FAMILIES
PART 2: LIFE INSURANCE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor,BWFA | and special guestTyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
FINANCIAL PLANNING FOR FAMILIES
PART 1: SAVING FOR CHILDREN
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor,BWFA | and special guestTyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
REQUIRED MINIMUM DISTRIBUTIONS (RMDs) – PART 2
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor,BWFA | and special guestTyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
REQUIRED MINIMUM DISTRIBUTIONS (RMDs) – PART 1
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor,BWFA | and special guestTyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
AMBIGUITY AVERSION BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
REPRESENTATIVE BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
REGRET AVERSION BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
RECENCY BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
ILLUSION OF CONTROL BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
FRAMING BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
CONSERVATISM BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
FINAL EPISODE IN OUR 10-PART SERIESTAX MYTHS SERIES – PART 10
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
COST OF COLLEGE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
10-PART SERIESTAX MYTHS SERIES – PART 9
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
COME BACK IN TWO WEEKS FOR OUR NEXT EPISODE IN THE SERIES!
COLLEGE PLANNING, IS THE COST WORTH IT?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
10-PART SERIESTAX MYTHS SERIES – PART 8
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
COME BACK IN TWO WEEKS FOR OUR NEXT EPISODE IN THE SERIES!
INVESTING FOR COLLEGE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
10-PART SERIESTAX MYTHS SERIES – PART 7
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
COME BACK IN TWO WEEKS FOR OUR NEXT EPISODE IN THE SERIES!
COLLEGE FUNDING FOR MARYLAND RESIDENTS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
10-PART SERIESTAX MYTHS SERIES – PART 6
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
COME BACK IN TWO WEEKS FOR OUR NEXT EPISODE IN THE SERIES!
10-PART SERIESTAX MYTHS SERIES – PART 5
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
COME BACK IN TWO WEEKS FOR OUR NEXT EPISODE IN THE SERIES!
10-PART SERIESTAX MYTHS SERIES – PART 4
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
COME BACK IN TWO WEEKS FOR OUR NEXT EPISODE IN THE SERIES!
S&P 500 – WHAT DOES A POSITIVE RETURN IN JANUARY TELL US?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
10-PART SERIESTAX MYTHS SERIES – PART 3
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
COME BACK IN TWO WEEKS FOR OUR NEXT EPISODE IN THE SERIES!
THE THRIFT SAVINGS PLAN (TSP) – ARE YOU TAKING ADVANTAGE OF THE MUTUAL FUND WINDOW?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
10-PART SERIESTAX MYTHS SERIES – PART 2
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
COME BACK IN TWO WEEKS FOR OUR NEXT EPISODE IN THE SERIES!
FEDERAL GOVERNMENT EMPLOYEE – ARE YOU MAKING THE MOST OF YOUR BENEFITS?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
10-PART SERIESTAX MYTHS SERIES – PART 1
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
COME BACK IN TWO WEEKS FOR OUR NEXT EPISODE IN THE SERIES!
SELLING YOUR BUSINESS – WHO IS ON YOUR TEAM?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestBrian MacMillanManaging Director M&A, BWFA |
FINANCIAL SERVICES – WHAT ABOUT THE FEE?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor, CEPS
Managing Director, Wealth Management & Executive Manager BWFA
YOU CREATED UPDATED YOUR ESTATE PLAN – WHAT NOW?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
WHAT IS YOUR RETIREMENT NUMBER: PART 3
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
WHAT IS YOUR RETIREMENT NUMBER: PART 2
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
WHAT IS YOUR RETIREMENT NUMBER: PART 1
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
UNDERSTANDING SCHEDULE A ON YOUR TAX RETURN
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestMatthew Smiler, ChFC®Tax Advisor, Associate Financial Planner, BWFA |
SELECTING YOUR STATE OF RESIDENCE 301
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
SELECTING YOUR STATE OF RESIDENCE 201
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
SELECTING YOUR STATE OF RESIDENCE 101
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
MAXIMIZING YOUR EMPLOYER-SPONSORED BENEFITS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
INVESTING 301
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
INVESTING 201
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
INVESTING 101
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
YEAR-END TAX PLANNING
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestMatthew Smiler, ChFC®Tax Advisor, Associate Financial Planner, BWFA |
IMPROVING YOUR FINANCIAL WELLNESS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
FINANCIAL WINDFALL – NOW WHAT?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
END-OF-YEAR FINANCIAL PLANNING CHECKLIST 2023
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
DONOR-ADVISED FUNDS USED AT DEATH
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor BWFA | and special guestTyler Kluge, CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
DEBT CONSOLIDATION: PART 2
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
DEBT CONSOLIDATION: PART 1
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
TAX RETURN: SHOULD I FILE AN EXTENSION?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestMatthew Smiler, ChFC®Tax Advisor, Associate Financial Planner, BWFA |
TAX RETURN: PREPARER OR ADVISOR?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestMatthew Smiler, ChFC®Tax Advisor, Associate Financial Planner, BWFA |
2023 MARKET RECAP – PREPARE FOR 2024
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor, CEPS
Managing Director, Wealth Management & Executive Manager BWFA
BUDGETING & SAVINGS STRATEGIES
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
LONG-TERM CARE 201
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
INSURANCE FROM A FINANCIAL PLANNING PERSPECTIVE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
RETIREMENT MISTAKES AND HOW TO AVOID THEM 201
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
401K WITHDRAWALS, LOANS & MORE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
UNDERSTANDING YOUR CREDIT SCORE & REPORTS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
WHO WILL BUY MY BUSINESS?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestBrian MacMillanManaging Director M&A, BWFA |
WHEN TO START THE MERGERS & ACQUISITIONS PROCESS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestBrian MacMillanManaging Director M&A, BWFA |
CAPITAL LOSS CARRYOVER
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
TAX SERVICES 101
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestMatthew Smiler, ChFC®Tax Advisor, Associate Financial Planner, BWFA |
MEDICARE 201FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
Check out the Medicare 101 episode if you haven’t already.
LONG-TERM CARE 101
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
RETIREMENT MISTAKES TO AVOID!
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Thad Ismart, CFP®, CEPS
Senior Financial Planner, BWFA
BEHAVIORAL FINANCE SERIES:
AVAILABILITY BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
HINDSIGHT BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
CASH ON SIDELINES
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor, CEPS
Managing Director, Wealth Management & Executive Manager BWFA
WHEN IS A DIME WORTH OVER $13,000?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor, CEPS
Managing Director, Wealth Management & Executive Manager BWFA
BEHAVIORAL FINANCE SERIES:
ENDOWMENT BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
BEHAVIORAL FINANCE SERIES:
SELF CONTROL BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
The post EP29: Behavioral Finance Series: Self Control Bias – 8.30.23 first appeared on Baltimore Washington Financial Advisors.
The post EP29: Behavioral Finance Series: Self Control Bias – 8.30.23 appeared first on Baltimore Washington Financial Advisors.
BEHAVIORAL FINANCE SERIES:
LOSS AVERSION BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
The post EP28: Behavioral Finance Series – Loss Aversion Bias – 8.22.23 first appeared on Baltimore Washington Financial Advisors.
The post EP28: Behavioral Finance Series – Loss Aversion Bias – 8.22.23 appeared first on Baltimore Washington Financial Advisors.
BEHAVIORAL FINANCE SERIES:
STATUS QUO BIAS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
The post EP27: Behavioral Finance Series – Status Quo Bias – 8.16.23 first appeared on Baltimore Washington Financial Advisors.
The post EP27: Behavioral Finance Series – Status Quo Bias – 8.16.23 appeared first on Baltimore Washington Financial Advisors.
HOW TO OVERCOME NON-FINANCIAL RETIREMENT CHALLENGES
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor, CEPS
Managing Director, Wealth Management & Executive Manager BWFA
The post EP46: How to Overcome Non-Financial Retirement Challenges – 8.14.23 first appeared on Baltimore Washington Financial Advisors.
The post EP46: How to Overcome Non-Financial Retirement Challenges – 8.14.23 appeared first on Baltimore Washington Financial Advisors.
TRAVEL NOW NOT LATER
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Lawrence M. PostCPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor, BWFA | and special guestParker GrayClient Associate, BWFA |
The post EP45: Travel Now Not Later – 8.12.23 first appeared on Baltimore Washington Financial Advisors.
The post EP45: Travel Now Not Later – 8.12.23 appeared first on Baltimore Washington Financial Advisors.
ETFs VS. MUTUAL FUNDS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor, BWFA and special guest Kwanza Ellis, CRPC®, CEPS Senior Client Associate, BWFA
The post EP26: ETFs vs. Mutual Funds – 8.10.23 first appeared on Baltimore Washington Financial Advisors.
The post EP26: ETFs vs. Mutual Funds – 8.10.23 appeared first on Baltimore Washington Financial Advisors.
BEHAVIORAL FINANCE SERIES: OVERCONFIDENCE BIAS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guests Tyler Kluge | CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA Joseph DePatie | CFA,... Read More
The post EP25: Behavioral Finance Series – Overconfidence Bias – 8.4.23 first appeared on Baltimore Washington Financial Advisors.
The post EP25: Behavioral Finance Series – Overconfidence Bias – 8.4.23 appeared first on Baltimore Washington Financial Advisors.
RETIREMENT PAYCHECK FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP44: Retirement Paycheck – 7.9.23 first appeared on Baltimore Washington Financial Advisors.
The post EP44: Retirement Paycheck – 7.9.23 appeared first on Baltimore Washington Financial Advisors.
BEHAVIORAL FINANCE SERIES: MENTAL ACCOUNTING BIAS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guests Tyler Kluge | CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA Joseph DePatie |... Read More
The post EP24: Behavioral Finance Series – Mental Accounting Bias – 6.28.23 first appeared on Baltimore Washington Financial Advisors.
The post EP24: Behavioral Finance Series – Mental Accounting Bias – 6.28.23 appeared first on Baltimore Washington Financial Advisors.
BEHAVIORAL FINANCE SERIES: CONFIRMATION BIAS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guests Tyler Kluge | CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA Joseph DePatie | CFA,... Read More
The post EP23: Behavioral Finance Series – Confirmation Bias – 6.20.23 first appeared on Baltimore Washington Financial Advisors.
The post EP23: Behavioral Finance Series – Confirmation Bias – 6.20.23 appeared first on Baltimore Washington Financial Advisors.
PENSION PLANS: MAKING THE RIGHT CHOICE FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guests Tyler Kluge | CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA Tyler Cunningham |... Read More
The post EP43: Pension Plans: Making the Right Choice – 6.15.23 first appeared on Baltimore Washington Financial Advisors.
The post EP43: Pension Plans: Making the Right Choice – 6.15.23 appeared first on Baltimore Washington Financial Advisors.
DON’T NEGLECT YOUR 401(k): MAKING THE RIGHT DECISIONS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guests Tyler Kluge | CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA Tyler... Read More
The post EP42: Don’t Neglect Your 401(k) – Making the Right Decisions – 6.9.23 first appeared on Baltimore Washington Financial Advisors.
The post EP42: Don’t Neglect Your 401(k) – Making the Right Decisions – 6.9.23 appeared first on Baltimore Washington Financial Advisors.
TRUST AS IRA BENEFICIARY
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor BWFA | and special guestTyler Kluge, CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
The post EP24: Trust as IRA Beneficiary – 6.4.23 first appeared on Baltimore Washington Financial Advisors.
The post EP24: Trust as IRA Beneficiary – 6.4.23 appeared first on Baltimore Washington Financial Advisors.
WHAT IS A CERTIFIED FINANCIAL PLANNER (CFP)?
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Joseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
The post EP41: What is a Certified Financial Planner (CFP)? – 4.19.23 first appeared on Baltimore Washington Financial Advisors.
The post EP41: What is a Certified Financial Planner (CFP)? – 4.19.23 appeared first on Baltimore Washington Financial Advisors.
MUTUAL FUNDS & TAXES – THE DOUBLE WHAMMY!
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor, CEPS
Managing Director, Wealth Management & Executive Manager BWFA
The post EP23: Mutual Funds & Taxes – The Double Whammy! – 4.14.23 first appeared on Baltimore Washington Financial Advisors.
The post EP23: Mutual Funds & Taxes – The Double Whammy! – 4.14.23 appeared first on Baltimore Washington Financial Advisors.
IMPORTANT CONSIDERATIONS FOR MULTIGENERATIONAL HOUSEHOLDS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor, CEPS
Managing Director, Wealth Management & Executive Manager BWFA
The post EP40: Important Considerations for Multigenerational Households – 3.15.23 first appeared on Baltimore Washington Financial Advisors.
The post EP40: Important Considerations for Multigenerational Households – 3.15.23 appeared first on Baltimore Washington Financial Advisors.
MISTAKES PEOPLE MAKE WITH THEIR WILLS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor, CEPS
Managing Director, Wealth Management & Executive Manager BWFA
The post EP39: Mistakes People Make With Their Wills – 3.3.23 first appeared on Baltimore Washington Financial Advisors.
The post EP39: Mistakes People Make With Their Wills – 3.3.23 appeared first on Baltimore Washington Financial Advisors.
SAVING FOR COLLEGE: HOW TO GET THE STATE TO CONTRIBUTE!
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestTyler Kluge, CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
The post EP38: Saving for College – How to Get the State to Contribute! – 2.9.23 appeared first on Baltimore Washington Financial Advisors.
TURBOCHARGE YOUR CHILD’S RETIREMENTA GENERATIONAL WEALTH MANAGEMENT PODCAST
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestTyler Kluge, CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
The post EP37: Turbocharge Your Child’s Retirement – 2.1.23 appeared first on Baltimore Washington Financial Advisors.
WELCOMING A CHILD OR GRANDCHILD
A GENERATIONAL WEALTH MANAGEMENT PODCAST
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Thad Ismart| CFP®, CEPSSenior Financial Planner, BWFA | Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
The post EP36: Welcoming a Child or Grandchild – 1.27.23 appeared first on Baltimore Washington Financial Advisors.
SECURE ACT 2.0 – PART 2: RETIREE PROVISIONS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor BWFA | and special guestTyler Kluge, CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
The post EP35: Secure Act 2.0 – Part 2: Retiree Provisions – 1.16.23 appeared first on Baltimore Washington Financial Advisors.
SECURE ACT 2.0 – PART 1: PRE-RETIREMENT PROVISIONS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor BWFA | and special guestTyler Kluge, CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
The post EP34: Secure Act 2.0 – Part 1: Pre-Retirement Provisions – 1.12.23 appeared first on Baltimore Washington Financial Advisors.
NEW YEAR’S FINANCIAL RESOLUTIONS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor, CEPS
Managing Director, Wealth Management & Executive Manager BWFA
The post EP33: New Year’s Financial Resolutions – 1.1.23 appeared first on Baltimore Washington Financial Advisors.
MUTUAL FUNDS VS. EXCHANGE TRADED FUNDS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestTyler Kluge, CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
The post EP22: Mutual Funds vs. Exchange Traded Funds – 12.6.22 appeared first on Baltimore Washington Financial Advisors.
BUDGETING 101
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestTyler Kluge, CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
The post EP32: Budgeting 101 – 12.1.22 appeared first on Baltimore Washington Financial Advisors.
GENERATIONAL PLANNING
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Lawrence M. Post | CPA, MST, CFP®, CIMA®Senior Tax & Planning Advisor BWFA | and special guestTyler Kluge, CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA |
The post EP31: Generational Planning – 11.22.22 appeared first on Baltimore Washington Financial Advisors.
EMERGENCY FUND 101
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
with Sandy Hornor | CEPS
Managing Director, Wealth Management & Executive Manager, BWFA
and special guests
| Tyler Kluge | CFP®, CPWA®, CDFA®, CEPSFinancial Planner, BWFA | Tyler Cunningham | CFP®, CEPSAssociate Financial Planner, BWFA |
The post EP30: Emergency Fund 101 – 11.10.22 appeared first on Baltimore Washington Financial Advisors.
LIFE STAGES – WEALTH MANAGEMENT IN YOUR 20’S
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestJoseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
The post EP29 PT1: Life Stages – Wealth Management in Your 20’s – 10.28.22 appeared first on Baltimore Washington Financial Advisors.
LIFE STAGES – WEALTH MANAGEMENT IN YOUR 40’S
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS
| with Sandy Hornor, CEPSManaging Director, Wealth Management& Executive Manager, BWFA | and special guestJoseph DePatie | CFA, CFP®, CDFA®Associate Financial Planner, BWFA |
The post EP29 PT3: Life Stages – Wealth Management in Your 40’s – 10.28.22 appeared first on Baltimore Washington Financial Advisors.
MEDICARE 101 FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Thad Ismart, CFP®, CEPS Senior Financial Planner, BWFA
The post EP28: Medicare 101 – 10.6.22 appeared first on Baltimore Washington Financial Advisors.
ROTH IRA 101 FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor, CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guest Matthew Smiler, ChFC® Tax Advisor, Associate Financial Planner, BWFA
The post EP27: Roth IRA 101 – 9.27.22 appeared first on Baltimore Washington Financial Advisors.
ESTATE PLANNING 101 FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP26: Estate Planning 101 – 9.22.22 appeared first on Baltimore Washington Financial Advisors.
ALPHABET SOUP: PROFESSIONAL DESIGNATIONS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA and special guest Tyler Kluge, CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA
The post EP25: Alphabet Soup: Professional Designations – 9.16.22 appeared first on Baltimore Washington Financial Advisors.
THE GREAT RESIGNATION: ARE YOU PREPARED? FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor, CEPS Managing Director, Wealth Management & Executive Manager BWFA
The post EP22: The Great Resignation: Are You Prepared? – 9.1.22 appeared first on Baltimore Washington Financial Advisors.
SELLING YOUR BUSINESS: M&A 101 FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor, CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guest Brian MacMillan Managing Director M&A, BWFA
The post EP23: Selling Your Business: M&A 101 – 8.28.22 appeared first on Baltimore Washington Financial Advisors.
STOCK MARKET SECTORS: A GUIDE FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager BWFA
The post EP20: Stock Market Sectors: A Guide – 8.26.22 appeared first on Baltimore Washington Financial Advisors.
ROTH CONTRIBUTIONS FOR HIGH INCOME EARNERS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guests Tyler Kluge | CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA Joseph DePatie |... Read More
The post EP21: Roth Contributions for High Income Earners – 8.23.22 appeared first on Baltimore Washington Financial Advisors.
CHARITABLE CONTRIBUTION DOCUMENTATION FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP22: Charitable Contribution Documentation – 8.17.22 appeared first on Baltimore Washington Financial Advisors.
JOB CHANGE – WHAT ABOUT MY 401K? FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor, CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guest Kwanza Ellis, CRPC®, CEPS Senior Client Associate, BWFA
The post EP21: Job Change – What About My 401k? – 8.12.22 appeared first on Baltimore Washington Financial Advisors.
WHAT IS A 529 PLAN? FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor, CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guest Tyler Kluge, CFP®, CPWA®, CDFA®, CEPS Financial Planner, BWFA
The post EP20: What is a 529 Plan? – 8.10.22 appeared first on Baltimore Washington Financial Advisors.
SERIES I SAVINGS BONDS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP19: Series I Savings Bonds – 8.4.22 appeared first on Baltimore Washington Financial Advisors.
SAVINGS BONDS EDUCATION EXEMPTION FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP21: Savings Bonds Education Exemption – 7.27.22 appeared first on Baltimore Washington Financial Advisors.
SECURE ACT 1.0 PROPOSED REGULATIONS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP20: Secure Act 1.0 Proposed Regulations – 6.23.22 appeared first on Baltimore Washington Financial Advisors.
INVESTING IN A DONOR-ADVISED FUND FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor, CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guest Chris Kelly, CPA, CFP®, M.Accy Financial Advisor, Portfolio Manager & Executive Manager, BWFA
The post EP19: Investing in a Donor-Advised Fund- 6.16.22 appeared first on Baltimore Washington Financial Advisors.
THE BWFA CLIENT SERVICE EXPERIENCE FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor, CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guest Meghan Manas, CEPS Director of Client Services & Executive Manager, BWFA
The post EP18: The BWFA Client Service Experience – 6.8.22 appeared first on Baltimore Washington Financial Advisors.
HOW TO MANAGE YOUR PASSWORDS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor, CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guest Tyler Kluge, CFP®, CDFA®, CEPS Financial Planner, BWFA
The post EP18: How to Manage Your Passwords – 6.2.22 appeared first on Baltimore Washington Financial Advisors.
SOCIAL SECURITY: WHAT TO KNOW ABOUT CLAIMING STRATEGIES FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor, CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guest Thad Ismart, CFP®, CEPS Senior Financial Planner, BWFA
The post EP16: Social Security – What to Know About Claiming Strategies – 5.25.22 appeared first on Baltimore Washington Financial Advisors.
SAVING FOR COLLEGE FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor, CEPS Managing Director, Wealth Management & Executive Manager, BWFA and special guest Tyler Kluge, CFP®, CDFA®, CEPS Financial Planner, BWFA
The post EP17: Saving for College – 5.20.22 appeared first on Baltimore Washington Financial Advisors.
FINANCES FOR COLLEGE GRADS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager BWFA
The post EP15: Finances for College Grads – 5.15.22 appeared first on Baltimore Washington Financial Advisors.
GIFTING IS NOT AN INCOME TAX DEDUCTION FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP19: Gifting Is Not An Income Tax Deduction – 5.11.22 appeared first on Baltimore Washington Financial Advisors.
BEAR MARKET PERSPECTIVE FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor | CEPS Managing Director, Wealth Management & Executive Manager BWFA
The post EP17: Bear Market Perspective – 5.4.22 appeared first on Baltimore Washington Financial Advisors.
WHY AM I NOT GETTING A TAX REFUND? FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP18: Why Am I Not Getting A Tax Refund? – 4.27.22 appeared first on Baltimore Washington Financial Advisors.
WORKING REMOTE & DUAL TAXATION FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP17: Working Remote & Dual Taxation – 3.9.22 appeared first on Baltimore Washington Financial Advisors.
INDIRECT GIFTS & SUPPORT FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP14: Indirect Gifts & Support – 3.4.22 appeared first on Baltimore Washington Financial Advisors.
NON-FUNGIBLE TOKENS FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP16: Non-Fungible Tokens – 2.27.22 appeared first on Baltimore Washington Financial Advisors.
LEGACY CONTACTS: APPLE’S LATEST IPHONE FEATURE FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor Managing Director, Wealth Management & Executive Manager BWFA
The post EP13: Legacy Contacts: Apple’s Latest iPhone Feature – 2.10.22 appeared first on Baltimore Washington Financial Advisors.
BAD FINANCIAL ADVICE FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Lawrence M. Post | CPA, MST, CFP®, CIMA® Senior Tax & Planning Advisor BWFA
The post EP12: Bad Financial Advice – 2.1.22 appeared first on Baltimore Washington Financial Advisors.
INFLATION & LOW INTEREST RATES, MAY MEAN EQUITIES FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor Managing Director, Wealth Management & Executive Manager BWFA
The post EP16: Inflation and Low Interest Rates, May Mean Equities – 1.21.22 appeared first on Baltimore Washington Financial Advisors.
ESG & IMPACT INVESTING FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS with Sandy Hornor Managing Director, Wealth Management & Executive Manager BWFA
The post EP15: ESG & Impact Investing – 11.18.21 appeared first on Baltimore Washington Financial Advisors.
**401(k) & 403(b) – SIMILARITIES & DIFFERENCES
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS**
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
The post EP15: Tax Talk – 401(k) & 403(b) – Similarities & Differences – 11.10.21 appeared first on Baltimore Washington Financial Advisors.
**CRYPTO ASSETS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS**
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
The post EP14: Tax Talk – Crypto Assets – 11.4.21 appeared first on Baltimore Washington Financial Advisors.
**SOCIAL SECURITY 2.0: THE GREAT COMPROMISE
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS**
| with Sandy Hornor Managing Director, Wealth Management & Executive Manager, BWFA | and special guest Rob Carpenter President & CEO, BWFA |
The post EP11: Social Security 2.0 – The Great Compromise – 10.13.21 appeared first on Baltimore Washington Financial Advisors.
**CHILD TAX CREDIT
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS**
| with Sandy Hornor Managing Director, Wealth Management & Executive Manager, BWFA | and special guest Thad Ismart, CFP®, CEPS Senior Financial Planner, BWFA |
The post EP13: Tax Talk – Child Tax Credit – 9.17.21 appeared first on Baltimore Washington Financial Advisors.
**BUSINESS MEALS DEDUCTION
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS**
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
The post EP12: Tax Talk – Business Meals Deduction – 9.10.21 appeared first on Baltimore Washington Financial Advisors.
**WHY I NEED TO BE ORGANIZED
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS**
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
The post EP10: Why I Need to be Organized – 9.1.21 appeared first on Baltimore Washington Financial Advisors.
**PLANNING FOR SINGLE INDIVIDUALS
FROM BALTIMORE WASHINGTON FINANCIAL ADVISORS**
with Lawrence M. Post | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor BWFA
The post EP11: Tax Talk – Planning for Single Individuals – 8.25.21 appeared first on Baltimore Washington Financial Advisors.