27 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!

    Should you buy a home now or wait for prices to drop?

    Should you buy a home now or wait for prices to drop?

    In this episode, Jason Gabrieli and Tyler Reedman discuss whether it’s a good time to buy a home given rising home prices. Most of us have a tendency to overanalyze our homebuying decisions and ultimately treat homebuying as an investment. In the conversation, they explain why you shouldn’t treat homeownership as an investment and they provide better metrics that help you decide whether it’s a good time for you to buy a home.


    Tune into this episode to learn:

    ● How to decide whether or not to buy a home in this market
    ● Whether home prices will fall and how they have fallen in the past 35 years
    ● Why buying a home can help you beat inflation long-term.

    Timestamps

    [00:49] Episode overview: homeownership
    [01:07] Is it a good time to buy a house?
    [02:46] Should you buy a house even if interest rates are high?
    [06:56] The BEST hedge against inflation for average Americans.
    [08:45] Should you wait for home prices to drop before buying a home?
    [13:32] How long you should live in your home before selling it

    3 Key Highlights

    Just 30% of people in the US believe that now is a good time to buy a house. This is the first time this statistic has gone below 50% since 1978.
    Even if you buy a home with a high-interest rate, it is important to remember that interest rates can possibly go down. If they do, you can refinance your mortgage.
    If you don’t need to particularly buy a home right now, there is some merit to waiting until prices drop.



    Useful Links


    Connect with Jason Gabrieli: https://www.linkedin.com/in/jasongabrieli (LinkedIn)
    Connect with Tyler Reedman: https://www.linkedin.com/in/tyler-reedman-8b29a6101/ (LinkedIn)


    Like what you’ve heard…

    Learn more about HFM https://hfmadvisors.com/working-with-hfm (HERE)
    Schedule time to speak with us https://calendly.com/hfminquirycall/360 (HERE)
    Open an HFM Ignite account https://hfmadvisors.com/ignite (HERE)

    • 15 min
    How to Save Money When Buying a Car in Today’s Expensive Market

    How to Save Money When Buying a Car in Today’s Expensive Market

    Ex-car dealership owner Tom Reedman joins Jason to discuss the state of the car industry these days. They discuss why car prices are unbelievably high at the moment, the secret to getting a good price for a car even when they’re really expensive, what to make sure to negotiate when you’re closing on a car at the dealership and what isn’t worth negotiating, and many other car buying tips straight from an ex-car dealership owner.
    Tom Reedman operated his family business Reedman World Center. He had a 55-year professional career in the automotive industry, 30 of which were spent in the family business. The Center was accredited by the Philadelphia Inquirer as the original mall concept of selling cars. His uncle started Reedman World Center after World War II and was a pioneer in the automobile business. Reedman World Center was sold in 2004 and it became Reedman Toll Auto World.


    Tune into this episode to learn:


    Whether you should lease your new car
    Why vehicle prices are so high at the moment
    What to make sure to negotiate when buying a car
    How to know if you’ve got a good lease


    Timestamps


    [00:30] Episode overview: Who is Tom Reedman of the Reedman World Center?
    [02:23] Are gas prices unprecedentedly high? OR What did people do when gas prices were really high in the past?
    [04:15] How the car business is performing against inflation OR How much people are paying above sticker price to buy a car (and what are the rules?).
    [06:41] What to do if you absolutely have to buy a car in a bad market? OR The secret to getting a good price for a car in a bad market.
    [09:16] Should you lease or buy your car?
    [13:16] Why you have to know the market value of your car before you trade it.
    [15:48] What to do when a car dealership tries to upsell you (and what’s negotiable?).
    [19:20] Best car buying tip from an ex-car dealership owner.
    [20:29] A good lease program vs. a bad lease program.


    5 Key Highlights


    During the gas crisis of the Carter years, people were trading their Cadillacs for Chevies to save money on gas costs. They were trading expensive cars for cheap ones without considering that gas prices would normalize again.
    People are paying 20% above the sticker price to buy their cars from dealerships. The only rule dealerships have to follow is to list their cars at market value.
    If you want to buy your own car at the end of its lease, make sure to initiate the process for buying that car at least 90 days before the lease expires. If you wait until the lease is over you will have to pay fair market value for your own lease.
    Don’t buy warranties on a car you’re leasing unless you plan on keeping your vehicle. It’s much cheaper to buy warranties upfront.
    What to negotiate in a car dealership: having the warranty and maintenance as part of the car price. Don’t negotiate superficial things like fancier mats, you can get those anywhere.





    Useful Links


    Know the market value of your car: https://www.kbb.com/ (Kelly Blue Book)


    Connect with Jason Gabrieli: https://www.linkedin.com/in/jasongabrieli (LinkedIn)
    Connect with Tyler Reedman: https://www.linkedin.com/in/tyler-reedman-8b29a6101/ (LinkedIn)




    Like what you’ve heard…


    Learn more about HFM https://hfmadvisors.com/working-with-hfm (HERE)
    Schedule time to speak with us https://calendly.com/hfminquirycall/360 (HERE)
    Open an HFM Ignite account https://hfmadvisors.com/ignite (HERE)

    • 23 min
    Can Someone Really Steal the Title to My House? With John Friedman, Esq of First American Title

    Can Someone Really Steal the Title to My House? With John Friedman, Esq of First American Title

    Title professional and attorney John Friedman, joins Jason to discuss if the title to your house can really be stolen. Buying a property can be the biggest investment you make. It is therefore only natural that you would want to make sure that your title to your house is fully protected.
    John Friedman is a New Jersey State Council at First American Title.
    Tune in until the end to learn:
    Why it is not easy (but possible) for someone to steal the title to your house.
    What happens to you if someone steals the title to your house.
    What you can do to fully protect yourself from having the title to your house stolen.


    Timestamps
    [00:30] Who is John Friedman, Esq.?
    [00:53] Have you heard the ads about the title of your house getting stolen?
    [01:33] The protections in place that prevent people from stealing the title to your property.
    [02:33] Can your property get stolen despite the protections in place?
    [03:39] What happens if someone actually gets a mortgage on your property?
    [05:48] Is standard title insurance enough to protect your title?
    [09:54] Who is eligible for enhanced title insurance and how much is it?
    [10:27] How can you get in touch with First American Title?
    3 Key Takeaways
    There are many protections in place preventing people from stealing the title to your property. Title insurance companies evaluate real estate transactions carefully and determine who the owner of the property is. Buyers also need notaries to be involved when buying property, and it is a notary’s job to verify that each person in the transaction is who they say they are.
    Sometimes, it does indeed happen that the title to your property gets stolen. Sometimes, the lender doesn’t require title insurance and/or the notary is on it (the perfect storm).
    If someone buys the title to your property in an invalid way, they won’t be able to put you on the street. The issue now is that you would have a cloud on the title that you would have to clean up. The question is, who pays for it? Buying enhance title insurance can cover your back in such scenarios.



    Useful Links


    Connect with John Friedman: https://www.linkedin.com/in/jonathan-friedman-esq-42b70829/ (LinkedIn )| https://www.firstam.com/ (First American Title Website)


    Connect with Jason Gabrieli: https://www.linkedin.com/in/jasongabrieli (LinkedIn) | Email


    Like what you’ve heard…
    Learn more about HFM https://hfmadvisors.com/working-with-hfm (HERE)
    Schedule time to speak with us https://calendly.com/hfminquirycall/360 (HERE)
    Open an HFM Ignite account https://hfmadvisors.com/ignite (HERE)

    • 12 min
    Common Mistakes People Make When Starting Medicare with Bill Webb from Saratoga Medicare Advisors

    Common Mistakes People Make When Starting Medicare with Bill Webb from Saratoga Medicare Advisors

    Bill Webb returns to the podcast to dig into some basic mistakes people make as well as upcoming deadlines with respect to Medicare and then dive into a question we get all the time from clients getting to Medicare age: what is the difference between Medicare Advantage and Medicare Supplement? Bill and Jason explore some questions to ask yourself when you’re considering which is right for your situation.
    Like what you’ve heard…
    Learn more about HFM https://hfmadvisors.com/working-with-hfm (HERE)
    Schedule time to speak with us https://calendly.com/hfminquirycall/360 (HERE)
    Open an HFM Ignite account https://hfmadvisors.com/ignite (HERE)

    • 20 min
    Smartly Claiming Social Security with Mary Beth Franklin

    Smartly Claiming Social Security with Mary Beth Franklin

    When planning for your retirement one of the most important decisions to make is when to claim Social Security benefits.
    Make the wrong decision and you can lock in a loss for the rest of your life.
    Make the right decision and you may help secure the lifestyle you desire.
    Today’s very special guest is Mary Beth Franklin, author of “Maximizing Social Security Retirement Benefits”. A nationally known speaker, Mary Beth shares her vast knowledge and helps people navigate through the social security maze to find the right income solutions with clear and simple advice.
    Like what you’ve heard…
    Learn more about HFM https://hfmadvisors.com/working-with-hfm (HERE)
    Schedule time to speak with us https://calendly.com/hfminquirycall/360 (HERE)
    Open an HFM Ignite account https://hfmadvisors.com/ignite (HERE)

    • 36 min
    Navigating this Crazy Real Estate Market with Devin DiNofa from TCS New Jersey

    Navigating this Crazy Real Estate Market with Devin DiNofa from TCS New Jersey

    Jason Gabrieli is joined by Devin DiNofa, a partner at TCS New Jersey with Keller Williams Realty. Devin’s expertise spans both the Philadelphia and South Jersey markets and in this episode we get into navigating today’s real estate market, which has just exploded since the onset of the COVID pandemic. Devin provides some tips for buyers on how to make your offer standout from the likely dozens of others and for sellers, how to determine the most solid offer – hint.. it’s not always as easy as just going with the highest bid!
    If you’re interested in learning more about Devin and TCS, you can find him on Facebook, LinkedIn, and Instagram @Devin_DiNofa

    • 23 min

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