Dollar Wise Podcast

HFM Investment Advisors, LLC
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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. 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 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...

    24 min

  2. 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...

    14 min

  3. 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

  4. 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

  5. 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

  6. 04/01/2025

    What Happens to Your Travel Points When You Die?

    Welcome back to the Dollar Wise Podcast. In this episode, Catherine Allen-Carlozo and Tyler Reedman dive into an unconventional yet valuable topic: what happens to your travel rewards—points, miles, and loyalty perks—when you pass away? Prompted by a real client experience, the discussion unpacks how various credit card, airline, and hotel programs treat reward balances after death and what estate planning strategies can help preserve them for loved ones. Tune in for an eye-opening conversation that blends financial planning with travel hacking insights.lth without fear. Tune into this episode to also learn: ● Why you don’t technically own your points or miles. ● How to plan ahead to preserve rewards for your loved ones. ● The importance of sharing logins and digital access with trusted individuals. ● Which travel rewards programs allow for point transfers—and which don’t. What we discussed ● [00:01:14] How a client’s passing revealed the complexities of transferring travel points after death. ● [00:02:27] Travel hacking 101: how to use credit card points and loyalty programs for nearly free trips. ● [00:04:50] Why points aren’t considered your property and how that affects estate planning. ● [00:05:45] The critical importance of having logins and account access in estate prep. ● [00:07:19] Common pitfalls with two-factor authentication and password managers. ● [00:09:06] Best practices for storing login info and digital credentials securely. ● [00:10:18] Including travel rewards in your estate plan: who inherits and how to designate. ● [00:12:19] Each airline and hotel chain has its own rules—know them in advance. ● [00:13:22] Credit card churning, signup bonuses, and the art of responsible travel hacking. 3 Things To Remember Your travel points and miles aren’t considered your property—so don’t assume they’ll automatically transfer.Document login credentials, security questions, and instructions for accessing key accounts.If travel rewards matter to you, consider including them specifically in your estate plan or will. Useful Links Connect with Catherine Allen-Carlozo: https://www.linkedin.com/in/catherineballen Connect with Tyler Reedman: https://www.linkedin.com/in/tyler-reedman-cfp%C2%AE-8b29a6101/ Like what you’ve heard… Learn more about HFM HERE Schedule time to speak with us HERE

    17 min

  7. 02/26/2025

    From Saver to Spender: How to Enjoy Your Money in Retirement Without Fear

    Welcome back to the Dollar Wise Podcast! In this episode, Catherine Allen-Carlozo, a Certified Financial Planner at HFM Investment Advisors, explores the transition from being a saver to a spender in retirement. Many retirees struggle with the fear of spending their savings, worrying about outliving their money, market crashes, or unexpected medical expenses. Catherine shares practical strategies to build confidence in spending, create a structured withdrawal plan, and align financial decisions with personal values and goals. If you’ve worked hard to save for retirement, this episode will help you shift your mindset and enjoy your wealth without fear. Tune into this episode to also learn: How to create a steady and predictable income in retirement.The 4% withdrawal rule—what it is and how to apply it.The importance of having a “fun fund” to enjoy your wealth.How working with a financial advisor can provide clarity and peace of mind. What we discussed [00:00:50] The challenge of transitioning from saving to spending in retirement.[00:01:36] Why many retirees feel fearful or restricted about using their savings.[00:02:10] The importance of shifting from a scarcity mindset to an abundance mindset.[00:03:01] Creating a structured withdrawal strategy to mimic a paycheck.[00:03:49] Understanding the 4% withdrawal rule and how it works as a guide.[00:04:46] How setting up a "fun fund" can help retirees enjoy their money guilt-free.[00:05:37] The role of a financial advisor in building a plan and running “what if” scenarios.[00:06:21] Recognizing that you saved for this moment—now it’s time to enjoy it![00:06:45] Why couples need to discuss their money personalities and financial goals.[00:07:26] How retirees can use their wealth to create meaningful experiences.[00:07:55] Why single retirees should have a financial advocate or “financial friend.” 3 Things To Remember Retirement savings exist to support a purpose-driven life—define what that purpose is.Having a structured withdrawal plan provides confidence and financial security.You worked hard to save for retirement—now give yourself permission to enjoy it! Useful Links Connect with Catherine Allen-Carlozo: https://www.linkedin.com/in/catherineballen Like what you’ve heard… Learn more about HFM HERE Schedule time to speak with us HERE

    9 min

  8. 01/28/2025

    Lessons from a Banner Year: How 2024 Shaped the Investment Landscape

    Welcome back to the Dollar Wise Podcast! In this episode, Jason takes a deep dive into the key financial events of 2024. From understanding the S&P 500's stellar 25% performance to exploring the nuances of inflation, unemployment, and GDP growth, Jason provides a comprehensive reflection on a remarkable year for both the stock market and the economy. He also tackles pressing questions about investment strategies, including the role of diversification, the pitfalls of over-relying on dividends, and how to align your portfolio with your long-term goals. If you're wondering how to stay grounded in the face of market unpredictability, this episode is for you. Tune into this episode to also learn: Why 2024 was a standout year for the S&P 500 and what contributed to its success.How inflation and unemployment trends impacted the broader economy.The ongoing challenges in the bond market and what it means for diversified portfolios.The historical performance of dividend-paying stocks versus a total return approach. What we discussed [00:00:00] An overview of 2024's financial landscape, including S&P 500 growth and economic indicators.[00:01:45] Key factors behind inflation stabilization and its effect on the market.[00:04:57] Challenges in the bond market since 2022 and its interplay with rising interest rates.[00:07:45] The appeal and misconceptions of dividend-focused investment strategies.[00:11:23] Historical data on dividend stock performance versus total return strategies. 3 Things To Remember The S&P 500's 25% growth in 2024 highlights the importance of long-term investment strategies over short-term predictions.Diversification remains a cornerstone of resilient portfolios, even when certain asset classes, like bonds, underperform.Overweighting dividend-paying stocks may seem appealing, but historical data suggests that a total return approach often yields better results. Useful Links Connect with Jason Gabrieli: LinkedIn  Like what you’ve heard… Learn more about HFM HERE Schedule time to speak with us HERE

    18 min
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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 - 2025
  • Episodes
    74
  • Rating
    Clean
  • Copyright
    © Copyright 2025 HFM Investment Advisors, LLC
  • Show Website
    Dollar Wise Podcast