Dollar Wise Podcast

HFM Investment Advisors, LLC
  • 5.0 (7)
  • INVESTING
  • UPDATED BIMONTHLY

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!

  1. APR 2

    Do You Have a Plan for Long-Term Care? Here’s What You Need to Know

    In this episode of the Dollar Wise Podcast, host Andrew Barnhardt sits down with Taylor West from LLIS to unpack the essentials of long-term care (LTC) planning. They explore why planning for long-term care is more important than ever, the different ways to cover potential costs, and how various insurance solutions can help protect both your finances and your loved ones. Whether you're approaching retirement or simply thinking ahead, this episode provides a practical framework for understanding your options and making informed decisions. Tune into this episode to also learn:● Why long-term care planning is essential in today’s world of longer life expectancies. ● The three main ways to cover long-term care costs—and how to decide what fits your situation. ● The key differences between traditional, hybrid life, and annuity-based LTC policies. ● Why starting your plan in your 50s (or earlier) can significantly impact cost and eligibility. What we discussed● [00:01:28] The origins of long-term care insurance and why it was created to fill gaps left by Medicare. ● [00:02:37] How LTC planning gives you more control and flexibility over the type of care you receive. ● [00:03:16] The three primary strategies for covering long-term care: legal planning, self-funding, and insurance. ● [00:05:48] How LTC policies work, including benefit triggers like activities of daily living and cognitive impairment. ● [00:07:30] The difference between reimbursement vs. indemnity (cash) policies—and why it matters. ● [00:09:30] Breaking down traditional vs. hybrid long-term care insurance options. ● [00:12:37] The ideal age ranges to begin planning and how timing affects premiums and qualification. ● [00:15:40] How the LTC insurance industry has evolved and become more stable over time. ● [00:18:07] General guidelines on who should consider insurance vs. self-funding based on assets. ● [00:20:50] How to estimate how much coverage you need using local care costs and in-home care trends. 3 Things To RememberLong-term care planning isn’t just about finances—it’s about protecting your loved ones from emotional and physical burden.The right strategy depends on your personal situation, but having a plan in place gives you more options and control.Starting early can make coverage more affordable and accessible while giving your benefits more time to grow. Useful LinksConnect with Andrew Barnhardt: abarnhardt@hfmadvisors.com | LinkedIn Connect with Taylor West: https://www.linkedin.com/in/taylor-west-20b030ba/ Like what you’ve heard… Check out more HERE 102 WEST HIGH STREET, SUITE 200 GLASSBORO, NJ 08028 HFM Investment Advisors, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. All investments involve risk and are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as a recommendation appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment advisor to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

    25 min

  2. FEB 5

    Investing in Longevity: How Personalized Care is Changing Health Planning

    Welcome back to the Dollar Wise Podcast. In this episode, HFM advisor Catherine Allen-Carlozo sits down with Dr. Claudine De Dan, an MDVIP-affiliated physician whose personalized, preventative care model is reshaping how patients approach aging and long-term health. Dr. De Dan shares why building a trusting relationship with a primary care physician is critical, especially as we age, and how small, proactive steps can transform not only lifespan but healthspan. They explore the deeper value of investing in your health today for a better tomorrow, and why the quality of your care team can be just as important as financial planning when it comes to life satisfaction. Tune into this episode to also learn:● Why traditional primary care often falls short—and what Dr. De Dan is doing differently. ● How personalized testing and ongoing tracking can reveal hidden health risks. ● The surprising connection between dental hygiene and cardiovascular health. ● Why investing early in your health is as vital as saving for retirement. What we discussed● [00:01:44] Catherine shares her personal experience discovering Dr. De Dan and the value of MDVIP care. ● [00:03:54] Dr. De Dan’s unconventional journey into medicine and the passion behind her practice. ● [00:07:02] Why standard 15-minute doctor visits aren’t enough—and how deeper patient relationships enable better prevention. ● [00:08:44] How trust and time allow doctors to make meaningful, personalized health plans. ● [00:10:47] Why dental health is a critical—yet often overlooked—indicator of heart health. ● [00:12:55] How Dr. De Dan structures her practice fees and what patients receive in return. ● [00:16:15] The value of accessible communication—how her team creates a caring, responsive environment. ● [00:19:21] How small health improvements, like increased movement, compound over time. ● [00:22:31] The case for early and consistent medical “investments,” mirroring financial planning. ● [00:27:16] What makes Dr. De Dan’s office unique—and how to connect if you're interested. 3 Things To RememberBuilding a relationship with a doctor who truly knows you can profoundly impact your long-term health outcomes.Personalized, preventative care is about more than avoiding illness—it's about improving how you live every day.Investing in your health early and consistently is just as important as saving for your financial future. Useful LinksConnect with Catherine Allen-Carlozo callencarlozo@hfmadvisors.com | LinkedIn Like what you’ve heard… Check out more HERE 102 WEST HIGH STREET, SUITE 200 GLASSBORO, NJ 08028 HFM Investment Advisors, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. All investments involve risk and are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as a recommendation appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment advisor to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

    30 min

  3. JAN 29

    401(k) Fundamentals: What You Need to Know

    Welcome back to the Dollar Wise Podcast. In this episode, Brett Herron, CFP® is joined by Valentina Lucchetti-Gallo, HFM’s Marketing & Events Coordinator, for a candid Q&A on one of the most frequently asked-about financial tools: the 401(k). Brett addresses common questions about contributions, taxes, investment options, retirement timelines, and employer matches. Whether you're just starting your career or eyeing retirement, this episode offers practical answers to help you better understand and manage your 401(k) plan. Tune into this episode to also learn:● How Roth vs. Traditional 401(k) contributions impact your taxes ● The importance of risk tolerance and how it guides investment selection ● What actually happens to your 401(k) when you retire ● How employer matches and vesting schedules work What we discussed● [00:01:27] What a 401(k) is and why it’s a foundational retirement savings tool ● [00:02:17] How much you should contribute and how your goals affect that number ● [00:03:22] Can you access your 401(k) money before retirement—and should you? ● [00:05:25] Roth vs. Pre-tax contributions and their long-term tax implications ● [00:08:47] Choosing investments based on risk tolerance and age ● [00:12:14] What happens if the market crashes when you’re ready to retire ● [00:14:24] How to know if you have enough money to retire ● [00:17:14] What physically happens to your 401(k) when you retire ● [00:19:26] Rolling over an old 401(k) into a new plan or IRA ● [00:20:43] Understanding employer matches and vesting schedules 3 Things To RememberYour 401(k) is just one piece of your financial plan—contribution decisions should be based on your individual goals.Pre-tax and Roth 401(k) contributions offer different tax advantages depending on when you pay taxes—know which is best for you.Understand your employer’s vesting schedule to ensure you don’t leave potential retirement savings on the table. Useful LinksConnect with Brett Herron: bherron@hfmadvisors.com | LinkedIn Connect with Valentina Lucchetti-Gallo: vlucchetti@hfmadvisors.com | LinkedIn Like what you’ve heard… Learn more about HFM HERE Schedule time to speak with us HERE Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠) HFM Investment Advisors, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. All investments involve risk and are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as a recommendation appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment advisor to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

    26 min

  4. 12/19/2025

    Building Wealth for Kids: Accounts Every Parent Should Know

    Welcome back to the Dollar Wise Podcast. In this episode, Andrew Barnhardt and Brett Herron explore various strategies for saving for children’s futures — whether it's for education, retirement, or general financial support. They break down the pros and cons of different account types, including 529 plans, custodial Roth IRAs, UTMAs/UGMAs, and saving in a parent’s name. Listeners will gain a clear understanding of how to align financial tools with their goals and ensure they’re setting up the next generation for success — without putting their own financial health at risk. Tune into this episode to also learn:● The tax benefits and flexibility of 529 college savings plans. ● How custodial Roth IRAs can jumpstart retirement savings for teens with earned income. ● Why UTMAs and UGMAs offer flexibility — but come with tax and control trade-offs. ● When it may be better to save in your own name instead of your child’s. What we discussed● [00:00:00] Introduction ● [00:00:31] Why saving for kids must come after securing your own financial foundation. ● [00:02:35] Pros, cons, and new rules around 529 college savings plans. ● [00:06:55] How custodial Roth IRAs work — and why earned income is required. ● [00:11:04] The flexibility and limitations of UTMAs/UGMAs for broader financial goals. ● [00:14:59] Saving in your own name: flexibility, control, and important tax considerations. ● [00:20:07] Why segmenting investment “sleeves” can help avoid misusing funds. ● [00:22:07] A quick mention of upcoming TRUMP accounts and what to expect. 3 Things To RememberSaving for your children is important, but make sure your own financial house is in order first.Each account — 529, custodial Roth, UTMA/UGMA, or personal savings — has unique pros and cons.Teaching your child about money can be just as valuable as saving money for them. Useful LinksConnect with Andrew Barnhardt: abarnhardt@hfmadvisors.com | LinkedIn Connect with Brett Herron: bherron@hfmadvisors.com | LinkedIn Like what you’ve heard… Learn more about HFM HERESchedule time to speak with us HERE Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠) 102 WEST HIGH STREET, SUITE 200 GLASSBORO, NJ 08028 HFM Investment Advisors, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. All investments involve risk and are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as a recommendation appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment advisor to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

    24 min

  5. 10/28/2025

    Tax Talk: Standard vs. Itemized: What You Need to Know

    Welcome back to the Dollar Wise Podcast. In this episode, Andrew Barnhardt CFP® and Brett Herron CFP® break down the topic of below-the-line tax deductions, offering practical explanations and examples to help listeners understand how these deductions work. They discuss the difference between standard and itemized deductions, key itemized categories like mortgage interest, state and local taxes, charitable giving, and medical expenses, as well as niche areas like gambling losses and casualty losses. Whether you're filing solo or jointly, this episode equips you with the tools to make more informed tax decisions. Tune in to learn:● The distinction between standard and itemized deductions. ● Key categories that qualify for itemized deductions. ● Why the standard deduction may be the better choice for most taxpayers. ● How niche deductions like gambling or casualty losses may apply to you. Timestamps of topics: ● [00:00:45] Overview of below-the-line tax deductions and what "the line" refers to. ● [00:02:21] What the standard deduction is, how it works, and current deduction amounts. ● [00:03:36] Introduction to itemized deductions and how to decide between the two options. ● [00:04:51] Mortgage interest as a deductible expense and related loan qualifications. ● [00:05:55] State and local tax (SALT) deductions and recent changes to the cap. ● [00:07:27] Charitable contributions and which types of donations qualify. ● [00:08:13] Medical and dental deductions, including niche examples. ● [00:09:28] Gambling losses and how tax offsets now work differently. ● [00:10:50] Casualty losses in federally declared disaster areas. ● [00:12:26] Final recap of how to decide between standard and itemized deductions. 3 Key TakeawaysYou can only take one: either the standard deduction or itemized deductions — whichever is higher.Itemized deductions include categories like mortgage interest, SALT taxes, charity, and medical expenses.Uncommon deductions, like gambling losses or casualty losses, may apply in specific situations and should be reviewed with a tax professional. Memorable moments:(00:04:51) "You can't take out money in the form of a home equity line of credit to go on a vacation and deduct the interest. No, no Ferraris with your home." (00:09:28) "We might be if you have an obscure ailment that you think can help you write off an in-ground swimming pool — we'd love to hear about it." Useful LinksConnect with Andrew Barnhardt: abarnhardt@hfmadvisors.com | LinkedIn Connect with Brett Herron: bherron@hfmadvisors.com | LinkedIn 102 WEST HIGH STREET, SUITE 200 GLASSBORO, NJ 08028 HFM Investment Advisors, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. All investments involve risk and are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as a recommendation appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment advisor to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

    14 min

  6. 09/18/2025

    Tax Talk: Above-the-Line Deductions Explained

    Welcome back to the Dollar Wise Podcast. In this episode, Andrew Barnhardt and Brett Herron of HFM Advisors dive into the world of above-the-line tax deductions. These often-overlooked deductions can reduce your adjusted gross income and improve your eligibility for other tax benefits. From retirement contributions and HSAs to student loan interest and self-employment tax breaks, Andrew and Brett break down how these deductions work, why they matter, and how to take advantage of them. Whether you're planning for next April or the next decade, this episode offers a practical look at reducing your tax bill. Tune into this episode to also learn:● Why above-the-line deductions matter for your tax planning strategy. ● How HSAs and retirement plans offer triple tax advantages. ● The difference between above-the-line and below-the-line deductions. ● Lesser-known deductions like student loan interest and self-employment tax offsets. What we discussed● [00:01:00] Why tax planning is a year-round activity and the role of above-the-line deductions. ● [00:03:04] Key differences between above-the-line and below-the-line deductions. ● [00:05:34] How retirement contributions reduce your taxable income. ● [00:06:30] The triple tax advantage of Health Savings Accounts (HSAs). ● [00:08:20] Student loan interest deduction and its phase-out thresholds. ● [00:09:37] Self-employment tax deductions and how they encourage small businesses. ● [00:11:08] Humorous examples of niche deductions: Olympic medals, timberland, IRS tip-offs. ● [00:13:15] Why adjusted gross income is the “halftime” point of your tax return. ● [00:14:22] Tease for upcoming episode on below-the-line deductions. 3 Things To RememberAbove-the-line deductions reduce your adjusted gross income and can unlock other tax benefits.Common deductions include contributions to retirement accounts, HSAs, and student loan interest.Understanding and using these deductions can significantly lower your tax liability year after year. Useful LinksConnect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn Like what you’ve heard… Learn more about HFM HERESchedule time to speak with us HERECheck out our Financial Wellness Program – HFM Ignite 102 WEST HIGH STREET, SUITE 200 GLASSBORO, NJ 08028 HFM Investment Advisors, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. All investments involve risk and are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as a recommendation appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment advisor to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

    16 min

  7. 08/19/2025

    From Worry to Wealth: How to Measure Financial Progress

    Welcome back to the Dollar Wise Podcast. In this solo episode, Certified Financial Planner Catherine Allen-Carlozo explores a mindset shift that can help transform financial anxiety into confidence. Drawing inspiration from the book The Gap and The Gain by Dan Sullivan and Dr. Benjamin Hardy, Catherine unpacks how shifting your focus from what’s missing to what you’ve already accomplished can empower better financial decisions. She shares a real-life story of a client who overcame overwhelming circumstances and emphasizes the importance of celebrating progress — not chasing perfection. Tune into this episode to also learn: ● How “The Gap and The Gain” framework applies to your financial journey. ● Why comparing your finances to others can lead to a scarcity mindset. ● What it looks like to build from progress, not perfection. ● A simple exercise to identify your financial wins and shift into abundance. What we discussed ● [00:00:31] Catherine introduces the topic: shifting from worry to wealth by measuring financial progress the right way. ● [00:01:13] The dangers of comparing your finances to others — and why it often leads to feeling “behind.” ● [00:01:40] Key concepts from The Gap and The Gain and how they apply to financial planning. ● [00:03:22] A client’s story: how one widow shifted her mindset and rebuilt her financial life. ● [00:05:22] An invitation: do a simple 3-step reflection exercise to identify financial gains. ● [00:07:05] The takeaway: you’re not starting from scratch — you're building on what you've already achieved. 3 Things To Remember Measuring financial progress by comparison often leads to discouragement — focus on how far you’ve come instead.An abundant mindset starts with recognizing and celebrating your financial gains.You already have the tools, courage, and clarity to build your future — trust your progress. Like what you’ve heard… Learn more about HFM HERE Schedule time to speak with us HERE

    9 min

  8. 04/30/2025

    Smart Strategies for Charitable Giving and Tax Savings

    Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrieli, CFP, is joined by Andrew Barhardt, CFP, to explore how charitable contributions can be optimized for tax efficiency. They discuss practical strategies such as donor-advised funds, gifting appreciated stock, and estate planning techniques to ensure your generosity also leads to tax benefits. Whether you're navigating a high-income year or planning your legacy, this episode offers valuable insights to help you give wisely. Tune into this episode to also learn: ● How donor-advised funds can provide flexibility and immediate tax deductions. ● The benefits of gifting appreciated stock to eliminate capital gains taxes. ● When charitable remainder trusts (CRTs) are appropriate for advanced planning. ● Why designating charities as IRA beneficiaries can be a smart estate strategy. What we discussed ● [00:00:06] Why many charitable contributions don't provide tax benefits under current standard deduction rules. ● [00:02:45] Introduction to donor-advised funds and how they work. ● [00:05:29] When donor-advised funds are most advantageous, especially in high-income years. ● [00:07:12] How deduction bunching can help maximize tax deductions. ● [00:11:37] Gifting appreciated stock to avoid capital gains taxes. ● [00:14:00] Overview of advanced charitable trusts like CRATs and CRUTs. ● [00:17:03] The best assets to leave to charity versus heirs in estate planning. ● [00:18:26] The importance of tax-efficient charitable giving both during life and after death. 3 Things To Remember 1. Donor-advised funds offer a flexible way to manage charitable giving while optimizing tax deductions. 2. Gifting appreciated assets can eliminate capital gains taxes and enhance the impact of your donations. 3. Strategic estate planning ensures that both your heirs and charities benefit in the most tax-efficient manner. Useful Links Connect with Jason Gabrieli: https://www.linkedin.com/in/jasongabrieli Like what you’ve heard… Learn more about HFM HERE Schedule time to speak with us HERE

    21 min
See All (77)

Ratings & Reviews

5
out of 5
7 Ratings

About

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!

Information

  • Creator
    HFM Investment Advisors, LLC
  • Years Active
    2020 - 2026
  • Episodes
    77
  • Rating
    Clean
  • Copyright
    © Copyright 2026 HFM Investment Advisors, LLC
  • Show Website
    Dollar Wise Podcast