62 episodes

The HFM Advisor Team shares our experiences working everyday with clients going through life’s transitions. We provide some insights into the personal finance topics of the day and even share the mic with guests from our network of outside professionals. We love what we do and who we do it for, so we hope you enjoy getting to know us and learning some things along the way!

Dollar Wise Podcast HFM Investment Advisors, LLC

    • Business
    • 5.0 • 7 Ratings

The HFM Advisor Team shares our experiences working everyday with clients going through life’s transitions. We provide some insights into the personal finance topics of the day and even share the mic with guests from our network of outside professionals. We love what we do and who we do it for, so we hope you enjoy getting to know us and learning some things along the way!

    From Grief to Relief: Saving on Taxes After Saying Goodbye

    From Grief to Relief: Saving on Taxes After Saying Goodbye

    Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrieli and guest Brian Masessa, CPA from Premier Accounting Services, delve into the financial complexities that arise when a loved one passes away. They discuss the essential steps executors must take, the intricacies of probate, and the importance of proper documentation. Brian explains the different types of taxes involved, including income and estate taxes, and offers advice on how to manage and mitigate these liabilities. This episode is a must-listen for anyone looking to understand how to handle financial responsibilities after a death.Tune into this episode to also learn:The critical steps in the probate process and why timely action is crucial.How to manage and minimize estate and inheritance taxes.The role and responsibilities of an executor in estate management.Tips for preparing and organizing financial documents before death.
    What we discussed[00:01:19] Introduction to the sensitive topic of financial steps after death.[00:02:38] The role of an accountant in managing estates.[00:06:37] The probate process overview and key documentation needed.[00:10:43] Handling ongoing expenses and income after someone passes away.[00:16:09] Differences between estate and inheritance taxes.[00:24:07] Best practices for preparing and organizing financial documents.
    3 Things To RememberUnderstanding the probate process helps in managing estate complexities efficiently.Proper documentation and early involvement of professionals can save significant tax expenses.Executors must be diligent in their fiduciary responsibilities to ensure fair and legal asset distribution.
    Useful Links
    Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
    Connect with Brian Masessa: LinkedIn
    Like what you’ve heard…
    Learn more about HFM HERE
    Schedule time to speak with us HERE
    Check out our Financial Wellness Program – HFM Ignite

    • 28 min
    Smart Not Spoiled: Raising Financially Savvy Kids

    Smart Not Spoiled: Raising Financially Savvy Kids

    In this episode of the Dollar Wise Podcast, host Jason Gabrieli is joined by Chad Willardson, president and founder of Pacific Capital, bestselling author, and co-founder of GravyStack. Chad shares his journey of teaching financial literacy to children, inspired by his experiences as a father of five. He discusses the development of GravyStack, an innovative app designed to help kids learn about money through practical activities, and the importance of financial education at a young age. Chad also delves into the philosophy behind his book "Smart Not Spoiled," offering practical advice for parents on raising financially responsible children.Tune into this episode to also learn:The inspiration and development behind the GravyStack appPractical steps for parents to teach their kids about moneyThe importance of creating a family mission statement and financial values
    What we discussed[00:02:27] Financial education and entrepreneurship for kids[00:04:29] Teaching kids about money at home vs. school[00:06:03] Practical tips: No allowance, earning through chores[00:09:11] Integrating GravyStack methodologies into family life[00:11:07] Starting financial education early[00:12:01] Long-term vision for GravyStack and financial literacy impact[00:14:13] Practical steps for parents to get started
    3 Things To RememberKids learn about money through observation and practical experience.Stop giving allowances; instead, offer opportunities to earn.Create a family mission statement and discuss financial values regularly.
    Useful Links
    Connect with Jason Gabrieli: LinkedIn
    Connect with Chad Willardson: LinkedIn

    Like what you’ve heard…
    Learn more about HFM HERE
    Schedule time to speak with us HERE
    Check out our Financial Wellness Program – HFM Ignite

    • 17 min
    The Key To Retiring Earlier May Not Be Saving More

    The Key To Retiring Earlier May Not Be Saving More

    Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrieli and Catherine Allen-Carlozo, both CERTIFIED FINANCIAL PLANNERS at HFM Investment Advisors, discuss the most loaded question they encounter: "How much do I need to retire?" This discussion unpacks the factors that influence the answer to this question, highlighting personal spending, lifestyle choices, and strategic financial planning. By exploring various scenarios and personal anecdotes, they offer a comprehensive look into tailoring retirement planning to individual needs.Tune into this episode to also learn:Why retirement planning is highly personalized and varies significantly from one individual to another.The impact of personal spending and lifestyle choices on retirement needs.Strategic approaches to reduce overhead costs and enhance financial readiness for retirement.
    What we discussed[00:01:01] The complexity of determining the necessary retirement savings.[00:03:43] Strategies to reduce overhead and prepare financially for retirement[00:06:22] Implications of early retirement and maintaining lifestyle with reduced income.[00:09:57] The importance of a detailed personal budget or spending plan when planning for retirement.
    3 Things To RememberRetirement needs are highly personalized—what works for one might not work for another.Reducing monthly overhead can significantly impact the amount needed for a comfortable retirement.A detailed and realistic spending plan is crucial for effective retirement planning.
    Useful Links

    Connect with Jason Gabrieli: | LinkedIn

    Connect with Catherine Allen-Carlozo | LinkedIn

    Like what you’ve heard…
    Learn more about HFM HERE
    Schedule time to speak with us HERE
    Check out our Financial Wellness Program – HFM Ignite

    • 14 min
    Don’t Let 5% Savings Accounts Distract You From Investing for the Long Term

    Don’t Let 5% Savings Accounts Distract You From Investing for the Long Term

    Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrielli, a certified financial planner, discusses the current trend of keeping money in cash. With high-yield savings accounts offering around 5%, many investors are unsure whether to invest or leave their money in cash. Jason highlights the importance of understanding historical returns and differentiating between short-term and long-term financial goals. He demonstrates how long-term investments in bonds and stocks have historically outperformed cash, despite recent attractive yields. The episode encourages listeners to align their cash holdings with their financial objectives and offers insights into market trends and behavioral finance.Tune into this episode to also learn:The psychological factors influencing our financial decisions.The historical returns of cash, bonds, and stocks over 30 years.The potential risks of relying on high-yield savings accounts for long-term goals.

    What we discussed
    [00:01:17] The current trend of keeping money in high-yield savings accounts.[00:04:07] Behavioral finance and the fear of losses over potential gains.[00:07:21] Historical returns of cash, bonds, and stocks over 30 years.[00:10:50] The importance of aligning cash holdings with financial goals.[00:14:40] How to balance short-term and long-term financial objectives.

    3 Things To Remember
    High-yield savings accounts offer short-term benefits but might not be ideal for long-term goals.Investing in diversified assets, like bonds and stocks, has historically provided better returns over time.Aligning cash holdings with financial objectives is crucial for effective financial planning.

    Useful Links

    Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn

    Listen to EP.39 “Let’s Talk About Cash” - Apple | Spotify

    Like what you’ve heard…
    Learn more about HFM HERE
    Schedule time to speak with us HERE
    Check out our Financial Wellness Program – HFM Ignite

    • 17 min
    Unlock the True Potential of Your 401(k) Savings

    Unlock the True Potential of Your 401(k) Savings

    Jason Gabrieli and Tyler Reedman, both CERTIFIED FINANCIAL PLANNERS at HFM Investment Advisors, dispel common misconceptions about 401(k) contributions. They dissect the difference between matching the employer’s contribution and maxing out a 401(k). They discuss contribution limits and strategies to increase contributions incrementally so you can optimize your savings. This episode is a must-listen for anyone looking to take full advantage of their 401(k) potential.
    Tune into this episode to also learn:The real meaning of 'maxing out' your 401(k) and common misconceptions.How automatic escalation can effortlessly boost your 401(k) savings.The impact of choosing between Roth and pre-tax contributions on your take-home pay.
    What we discussed[00:01:22] Misconceptions about maxing out 401(k) contributions and the actual limits.[00:06:09] Insights from Vanguard's 'How America Saves' report and average saving rates.[00:08:41] The concept of reverse budgeting and its impact on savings habits.[00:11:00] The benefits of automatic escalation in 401(k) contributions.[00:13:32] The importance of focusing on contribution rates over market performance.

    3 Things To RememberMaxing out your 401(k) involves understanding and utilizing the actual dollar limits, not just the employer match.Incremental increases in contributions can significantly impact your retirement savings without overwhelming your current finances.Understanding the nuances between Roth and pre-tax contributions can optimize your long-term savings and tax benefits.

    Useful Links
    Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn

    Like what you’ve heard…
    Learn more about HFM HERE
    Schedule time to speak with us HERE
    Check out our Financial Wellness Program – HFM Ignite

    • 16 min
    Affording Retirement in New Jersey: Tax Benefits and Programs for Seniors

    Affording Retirement in New Jersey: Tax Benefits and Programs for Seniors

    When you retire, do you want to stay in New Jersey? Jason delves into the common concerns about retiring in New Jersey, such as the state’s reputation for high taxes and living costs. He also covers recent changes and programs like the Senior Tax Freeze and the Stay NJ program that make New Jersey a more appealing retirement destination. Lastly, he discusses the nuances of property and income taxes, providing valuable insights for those considering retirement in the Garden State.
    Tune into this episode to also learn:How recent tax reforms in New Jersey benefit retirees, particularly concerning property taxes.The implications of the Senior Tax Freeze and Stay NJ program for property tax relief.Key facts about New Jersey's income tax exclusions for retirement income.

    What we discussed[00:01:00] Debunking myths about retiring in New Jersey due to high costs.[00:02:15] Understanding the Senior Tax Freeze program benefits for retirees.[00:04:23] Introduction to the Stay NJ program and its potential for senior citizens.[00:06:28] Insights into New Jersey's income tax benefits for retirement income.[00:10:02] The significant shift in New Jersey’s estate tax laws and its impact.

    3 Things To RememberNew Jersey has made significant strides in becoming a more retirement-friendly state through various tax benefits.Programs like the Senior Tax Freeze and Stay NJ aim to alleviate the property tax burden for seniors.Understanding New Jersey’s unique tax exclusions and laws can benefit retirees financially.

    Useful Links
    Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn

    Like what you’ve heard…
    Learn more about HFM HERE
    Schedule time to speak with us HERE
    Check out our Financial Wellness Program – HFM Ignite

    • 13 min

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