The Patti Brennan Show Patti Brennan

This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener’s frequently asked questions.  These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question.  As Americans are getting their financial and legal houses in order for the beginning of the New Year, many are wondering what ramifications Biden’s tax proposal may have on their estate plan. Patti guides the listener through a checklist of important items to keep in mind before updating or changing certain parts of your estate plan.  She also reveals what the best legal tools are to protect yourself and those you love from expensive tax implications.

What age is the best age to start teaching children about money? Every parent may give a different answer to that question and, at times, may regret not teaching their children about the value of money earlier. In this episode, Patti sits down with Key Financial Planning and Portfolio Consultant, Sam Baez, to learn the secrets to his success in educating his own small children about the value of money. Patti also shares her successes (as well as her failures) in teaching her four children about saving and spending their hard-earned money.

In the second of a two-part series, Patti welcomes back Dr. Joseph Coughlin PhD, Director of the MIT AgeLab. Together they discuss VAL – Virtual Assisted Living in retirement.  This new concept depends heavily on the awareness that technological advancements have the capability to greatly improve quality of life in retirement.  In Dr. Coughlin’s book, “The Longevity Economy”, he explains why longevity planning should be an integral part of retirement planning.  With so many retirees choosing, and hoping, to stay in their homes as long as possible – VAL is a program that offers solutions to help make that happen. 
 

In the first of a two-part series, Patti welcomes back Dr. Joseph Coughlin Ph.D., Director of the MIT AgeLab. Together they explain what the new “social security” is in retirement.  This new concept of social security may be more important than the actual social security checks retirees receive every month because it affects the quality of life in retirement.  In Dr. Coughlin’s book, “The Longevity Economy”, he explains why longevity planning should be part of retirement planning.  Just because someone has money and financial security, that doesn’t necessarily mean you have a life.  Patti reveals how she, as a trusted advisor, collaborates with her clients to successfully plan their retirement through longevity planning.

Patti welcomes special guest, Kevin Reilly to the show.  Kevin is a former Philadelphia Eagles Linebacker and Special Teams Captain who was diagnosed with a devastating cancer that ended his professional football career and almost took his life.  Kevin shares his story of unimaginable pain and the struggle of recovery that led to his true purpose in life.  At a time when Americans are struggling with rising inflation and economic concern, Patti acknowledges that this message of faith, hope and perseverance will help put everything in perspective.
 

Patti meets with her Chief Planning Officer, Eric Fuhrman, to unravel the intricacies of Biden’s New Tax proposal, the Build Back Better Plan.  It seems that while a lot of items are being “negotiated” off the proposal, there is a handful of line items that should be causing concern for many Americans – and not just the top-tier wealthy Americans.  Time is running out to take advantage of some “must-do’s” in financial planning and estate planning before the end of the year.  Patti and Eric give detailed solutions to take advantage of some key opportunities still available to save on taxes and help preserve capital.