Dollar Wise Podcast

HFM Investment Advisors, LLC
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Dollar Wise Podcast

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. ١٥ ربيع الآخر

    Election Concerns and Investing... Mix at Your Own Risk

    Welcome to this episode of the Dollar Wise Podcast. In this episode, Jason Gabrieli discusses the growing concern around election outcomes and their potential impact on investments. With the media heightening fear and uncertainty, Jason offers insight into why emotions can mislead investors and how focusing on long-term goals is essential. He also explains how historical data shows a limited correlation between presidential elections and stock market performance. Jason reminds us to control what we can and stay disciplined in our investment strategy. Tune into this episode to also learn: How to stay disciplined with your investments during election cycles.The limited impact of politics on stock market performance.How media coverage heightens election anxiety.The importance of focusing on long-term goals instead of short-term fears. What we discussed [00:01:35] Why election outcomes create anxiety and how media stirs fear.[00:04:50] The limited impact of presidents and politicians on stock market trends.[00:07:45] Why diversification remains key, no matter the political climate.[00:09:55] The role of the 24-hour news cycle in compounding fears.[00:12:30] Focusing on what you can control, like staying disciplined with your strategy. 3 Things To Remember The impact of elections on the stock market is often overstated; long-term trends tend to rise despite political shifts.Staying disciplined with a well-diversified investment strategy is key during times of uncertainty.Media-driven fear can distort reality; control your exposure to news and focus on your long-term financial goals. Useful Links Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com Like what you’ve heard… Learn more about HFM HERE Schedule time to speak with us HERE

    ١٦ من الدقائق

  2. ١٦ ربيع الأول

    How to Save Taxes While Making an Impact

    Welcome back to the Dollar Wise Podcast. Jason Gabrieli is joined by Andrew Barnhardt from the HFM team as they explore tax strategies related to charitable giving, focusing on the benefits of Qualified Charitable Distributions (QCDs) from IRAs. The discussion covers how changes in the tax code impact charitable deductions, who can benefit from QCDs, and key considerations when planning your charitable contributions. This episode is designed to help listeners optimize their charitable giving while maximizing tax benefits. Tune into this episode to also learn: How changes in the standard deduction impact your charitable contributions.The eligibility criteria and benefits of making a Qualified Charitable Distribution.Strategic planning for minimizing required minimum distributions (RMDs) through charitable giving.Common pitfalls and best practices when executing QCDs. What we discussed [00:02:00] The impact of the Tax Cuts and Jobs Act of 2017 on charitable contributions and tax deductions.[00:03:00] Introduction to Qualified Charitable Distributions (QCDs) and their benefits.[00:05:00] Eligibility for QCDs and the age requirements for taking RMDs.[00:07:38] How QCDs can satisfy RMDs and reduce taxable income.[00:09:00] Planning strategies for using QCDs to reduce future RMDs.[00:11:16] Important considerations and limitations when using QCDs. 3 Things To Remember Qualified Charitable Distributions (QCDs) allow you to give to charity while avoiding the taxes typically associated with IRA withdrawals.QCDs can be used to fulfill required minimum distributions (RMDs) without increasing your taxable income.Always ensure QCDs are sent directly to the qualified charity to satisfy IRS requirements and keep detailed records for tax purposes. Useful Links Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn Connect with Andrew Barnhardt: 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

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  3. ٢٧ ذو الحجة

    Beyond the Will, How to Make A Difficult Time Easier on Those Left Behind

    Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrieli is joined by Brittany Tedesco from Bratton Law Group to discuss the essential steps and considerations when dealing with the death of a loved one. The conversation covers the importance of having a will, the difference between probate and non-probate assets, and practical advice on how to manage estate administration effectively. This episode aims to provide listeners with crucial insights to ease the burden during such challenging times.Tune into this episode to also learn:Key steps to take immediately after a loved one passes away.The role of a funeral representative in estate planning.Differences between probate and non-probate assets.Practical tips for managing estate accounts and distributions. What we discussed[00:02:00] Immediate steps to take after a death, including waiting periods and obtaining death certificates.[00:04:13] Essential documents for estate planning: wills, powers of attorney, and HIPAA releases.[00:07:56] Differentiating between probate and non-probate assets and their impact on estate administration.[00:10:38] Opening an estate account and managing the deceased's assets.[00:13:22] Filing inheritance tax returns and handling the estate's financial obligations.[00:16:44] Preparing executors for their roles and ensuring open communication with beneficiaries.[00:19:22] The importance of updating beneficiary information and having detailed records. 3 Things To RememberAlways have essential estate planning documents in place, including a will and powers of attorney.Understand the difference between probate and non-probate assets to streamline the estate process.Open communication with your executor and family members can significantly ease the estate administration process. Useful Links Connect with Jason Gabrieli: LinkedIn Connect with Brittany Tedesco : btedesco@BRATTONLAWGROUP.COM 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

    ٢٣ من الدقائق

  4. ٨ ذو الحجة

    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

    ٢٨ من الدقائق

  5. ٢٧ ذو القعدة

    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

    ١٨ من الدقائق

  6. ٦ ذو القعدة

    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

    ١٥ من الدقائق

  7. ٢٧ شوال

    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

    ١٧ من الدقائق

  8. ٦ شوال

    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

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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!

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