Tag: Financial Planning
The Power of Premium Financing With Darren Sugiyama (Ep. 7)

The Power of Premium Financing With Darren Sugiyama (Ep. 7)

By |

Many affluent professionals and business owners need to catch up to the traditional wealth threshold for certain strategic tools. 

One such tool, premium-financed life insurance, remains underutilized and often misunderstood.

In this episode, Ken New speaks with the Founder of Lionsmark Capital Darren Sugiyama. Together, they delve into the intricacies of premium-financed life insurance and its role in retirement and estate planning. By drawing parallels with familiar concepts like mortgages, Darren breaks down how high-income earners can leverage life insurance to their advantage, even if they don’t meet the conventional wealth benchmarks. The discussion provides clarity on the benefits of the death benefit, the tax efficiencies to be gained, and the strategic incorporation of life insurance into one’s retirement plan so you can optimize your financial strategies using premium financing.

Darren Sugiyama discusses: 

  • Premium financing and its role in tax strategies
  • The significance of the death benefit in financial planning
  • Traditional IRAs, Roth IRAs, and cash-value life insurance policies
  • Working with CPAs
  • And more

 

Resources:

Connect with Ken New:

    • (321) 454-3623

Connect with Darren Sugiyama:

 

About our Guest: 

Darren Sugiyama is the founder of several businesses starting with his employee benefits firm, Apex, which he started in 2003. 

In 2010, Darren and his wife Emilia launched Pacific Bay Insurance Group, garnering the Colonial Life Agency Of The Year Award in their second year. Expanding his business portfolio, he founded DaVinci, which played a substantial role in selling life insurance policies in Orange County.

In 2016, Darren established Lionsmark Capital, emerging as a prominent premium financing intermediary firm in the life insurance industry. Lionsmark offers distinctive lending options and proprietary 8-figure life insurance solutions to affluent clients across the nation.

Recognized as an 11-time internationally acclaimed author, motivational speaker, business coach, and mentor, Darren shares his unconventional business-building methods through live and virtual events and private coaching sessions.

Podcast: Play in new window | Download | Embed

Subscribe: RSS
Navigating Private Securities with Alan Hardee (Ep.5)

Navigating Private Securities with Alan Hardee (Ep.5)

By |

Have you considered adding private securities to your investment plan? How can private markets offer a mix of income and growth, higher yields, and potentially reduced market risk in your investments?

Ken New, joined by guest Alan Hardee, discusses the role of private securities in diversifying investment portfolios. Together they focus on the potential benefits of private markets, which include a mix of income and growth, potentially higher yields, and lower correlation to public markets, thus potentially reducing risk. They outline the due diligence process for selecting private investments, focusing on established companies with solid track records.

Ken and Alan discuss: 

  • The advantages of private securities over traditional publicly traded stocks and bonds
  • What risks are associated with private investments
  • How due diligence is conducted for selecting private securities for investment portfolios
  • What potential benefits do private securities offer, including aspects of growth, income, and tax advantages
  • And more

 

Connect with Ken New:

Connect with Alan Hardee:

About our Guest: 

Alan Hardee began his career in 1987 and has been helping others with investment and financial planning for over three decades. As the only wealth manager or investment professional in the state of Tennessee to simultaneous hold a law license, the Certified Financial Planner (CFP®) designation, and the Chartered Life Underwriter (CLU®) designation, Alan has distinguished himself from the large crowd of stock brokers, wealth managers, and other investment professionals whose scope of expertise and experience is relatively limited. Although practicing law is not his profession, his legal background serves him well in evaluating private equity investment opportunities for his clients.

Podcast: Play in new window | Download | Embed

Subscribe: RSS
How CPAs Can Transition to Proactive Tax Strategists with Ian Welham (Ep. 2)

How CPAs Can Transition to Proactive Tax Strategists with Ian Welham (Ep. 2)

By |

Is your CPA practice ready for a transformation? What if you could elevate your role without sacrificing your current income?

Join your host Ken New and  Ian Welham, a Chartered Accountant, once more as they dive into how Certified Public Accountants (CPAs) can transition from tax preparation to proactive tax strategy and financial planning. They stress the importance of understanding clients’ needs, collaborating with financial advisors, and using a team-based model.

Ken and Ian discuss: 

  • Why is collaboration with financial advisors and using a team-based model important
  • What challenges do accounting firms face when transitioning their business model
  • Why should accountants consider partnering with team-based advisors
  • Why CPAs and accounts must consider the needs of their clients when considering growth transitions
  • And more

 

Connect with Ken New:

Connect with Ian Welham:

About our Guest: 

After qualifying as a Chartered Accountant with Ernst & Young, Ian Welham moved out of public practice and became CFO of a Barcelona-based publicly traded company. He also held CEO and COO positions in Hong Kong, The Netherlands, Belgium and the US. His team at HaydenRock works hands-on with CPA firms to maximize their profit potential – adding value, introducing new revenue streams and helping CPAs move into high-value advisory services.

Podcast: Play in new window | Download | Embed

Subscribe: RSS
Discovering Your Investment Risk Tolerance: Part I (Ep. 17)

Discovering Your Investment Risk Tolerance: Part I (Ep. 17)

By |

Risk tolerance isn’t merely about your present investments; it shapes your response to market volatility and ensures your portfolio aligns with your specific desires and necessities.

In this episode, Ken New explores the importance of understanding risk tolerance and its impact on investment strategies and portfolio management. He shares how he helps clients identify their risk tolerance and how that understanding impacts investment decisions and portfolio planning. 

Ken discusses: 

  • How to gauge risk tolerance based on past market volatility
  • Different investment strategies based on the three types of risk tolerance; conservative, moderate, and aggressive
  • The importance of regular portfolio reviews to ensure the current portfolio matches the current risk tolerance and goals
  • How diversification can decrease the risks involved in investments
  • And more

 

Resources:

Connect with Ken New:

Podcast: Play in new window | Download | Embed

Subscribe: RSS
The Challenges of Finding and Buying the Right Home with Bill and Val Fillmore (Ep. 14)

The Challenges of Finding and Buying the Right Home with Bill and Val Fillmore (Ep. 14)

By |

Discovering the perfect home marks merely the initial hurdle on your path to selecting the ideal place to build your life. However, it doesn’t end there. Have you pondered the intricacies of insurance and its financial implications? Is the community you’re eyeing genuinely tailored to meet your unique requirements? Moreover, have you considered the financial impact of those who will share your living space?

In this captivating installment, Ken New teams up with Bill and Val Fillmore, esteemed realtors from Hoven Real Estate, to unravel the complexities that prospective homebuyers encounter when seeking out an appealing location. Brace yourself as they delve into indispensable factors to deliberate when determining where to invest and identifying the type of housing that harmonizes flawlessly with your financial goals.

Bill and Val explore: 

  • How housing preferences have transformed in the wake of the pandemic and the resulting financial implications
  • The significance of considering environmental factors and evaluating the financial impact of insurance expenses associated with potential problems.
  • Key questions to contemplate when downsizing during retirement, taking into account the financial implications and optimizing your financial strategy.
  • The unique considerations for first-time home buyers, retirees, and business owners, offering personalized financial advice for each stage of life.
  • And more

 

Connect with Bill and Val Fillmore:

Connect with Ken New:

About our Guest:

Bill and Val’s journey to Real Estate followed successful career paths in the world of Customer Experience. Both held senior roles supporting such national brands as Bausch & Lomb, Sprint, Capital One, AT&T, Ford & Lincoln Motor Companies, and Leonardo DRS. Val and Bill leverage their knowledge and skills from those experiences to ensure their clients receive timely, accurate, and insightful information at all times through their journey to buy, sell or invest in Real Estate. 

PlayPlay

Podcast: Play in new window | Download

Subscribe: RSS
Ensure Your Home is Protected with Frank Hanrahan (Ep. 13)

Ensure Your Home is Protected with Frank Hanrahan (Ep. 13)

By |

Many retirees are becoming nervous about the cost of homeowners insurance and what that means for their future spending. How much protection does insurance provide and what should clients keep an eye out for when it comes to additional costs?

In this episode, Ken New is joined by Frank Hanrahan, Managing Director of RISK Strategies, to discuss homeowners insurance with a focus on retirees. Frank provides insight into the types of coverage and information many don’t think about when submitting a claim.

Frank shares: 

  • How Florida differs from other states when it comes to insurance coverage
  • Examples of insurance scams that end up costing consumers more than they gain
  • The biggest challenges with older homes with getting protection and coverage
  • Why insurance companies may not pay the entire amount needed for repairs that are up to building codes
  • And more

 

Connect with Frank Hanrahan:

Connect with Ken New:

Podcast: Play in new window | Download | Embed

Subscribe: RSS
Creating a Coordinated Retirement Plan Through Virtual Family Offices (Ep. 12)

Creating a Coordinated Retirement Plan Through Virtual Family Offices (Ep. 12)

By |

Planning for retirement means thinking about taxes, retirement income, estate planning and the lifestyle during retirement. What will that retirement look like if the pieces don’t fit together?

In this episode, Ken New explores what a family office is and how he works to provide the same level of care and planning through a virtual interface. Ken shares why he built his virtual family office and the importance of building communication between the different advisors working on a single plan.

Ken discusses: 

  • The nature and advantages of family offices for their clients
  • The cost-efficient benefits of virtual family offices, which offer the same quality of service
  • The advantages of working with a family office as opposed to a single advisor when planning for retirement
  • The crucial role of lifestyle management in their retirement planning
  • And more

 

Connect with Ken New:

Podcast: Play in new window | Download | Embed

Subscribe: RSS
Curating Your Ideal Retirement Healthcare Plan With Alecia Barnette (Ep. 9)

Curating Your Ideal Retirement Healthcare Plan With Alecia Barnette (Ep. 9)

By |

Are you curious about how the aging American population is affecting Medicaid benefits for those 18 and above?

Join Ken New and special guest Alecia Barnette, the Senior Vice President of Care Planning Solutions with the Financial Independence Group, as they explore retirement healthcare planning and share expert insights on creating a comprehensive long-term care plan for you or your loved ones. Listen in as they explore essential topics that can help you plan for a comfortable retirement and protect your family’s financial future. 

Here’s what you can expect:

  • An in-depth discussion on the future of Medicaid benefits as the American population ages
  • Expert insights on the risk of not planning ahead and how it can impact your family
  • A breakdown of different healthcare packages you should consider investing in
  • Valuable advice on how to plan for the care you or your loved one would want
  • And much more!

Resources:

  • Roadmap To Retirement: Building Your Retirement Medical Care Income 
  • LongTermCare.gov

Connect with Ken New:

About Alecia Barnette: 

About our Guest:

An Appalachian State and Gardner-Webb alumna, Alecia is a national speaker with over 20 years of care planning experience, highlighted by her Certification for Long-Term Care (CLTC).

Alecia began working as the Health Marketing Director at The Insurance Center in Charlotte, NC in 1995. Three years later, The Insurance Center and Financial Independence Group, Inc. merged; overseeing the entire transition and bringing our health insurance business to unprecedented heights. Now the Senior Vice President in the Care Planning department, Alecia’s 20+ years of experience is evident to advisors across the country.

Specializing in providing asset-based LTC case designs to highly successful advisors, Alecia’s main purpose is to assist advisors in protecting their clients and their client’s families from the physical and emotional consequences of unexpected care needs.

Alecia’s use of holistic approaches and strong ethics – along with her desire to grow and solid commitment – make her an invaluable asset to any financial advisor seeking care planning assistance.

When she’s not helping advisors protect their clients, you can find Alecia running, traveling, or boating on Lake Norman.

Podcast: Play in new window | Download | Embed

Subscribe: RSS
The Four Fundamental Themes of Retirement (Ep. 7)

The Four Fundamental Themes of Retirement (Ep. 7)

By |

How would you envision your retirement?

Would you like to travel the world, pursue your hobbies, or aim to leave an inheritance? What do you want your legacy to be?

In this episode, Ken New delves into the topic of retirement planning and highlights the similarities and differences between planning for an average-income household versus high-net-worth individuals. He explores the essential factors that apply to all retirement plans and the role of real estate assets in retirement planning.

During the episode, Ken covers the following topics:

  • The four fundamental themes of retirement planning and their significance
  • The impact of changes in life expectancy on retirement income planning
  • Why real estate may not always be the optimal asset to include in retirement plans
  • The calculation of taxes for real estate during retirement
  • And much more

Connect with Ken New:

Podcast: Play in new window | Download | Embed

Subscribe: RSS
Personalizing Your Financial Plan – Without Worrying About Personal Security (Ep. 5)

Personalizing Your Financial Plan – Without Worrying About Personal Security (Ep. 5)

By |

Every person has been told to be cautious when it comes to sharing their personal information. With financial advisors, that personal information could be the difference between a boilerplate retirement plan and a personalized plan.

In this episode, Ken New delves into the importance of personalization in retirement planning. He explains how working closely with clients to understand their unique needs and goals can lead to the creation of a tailored and protected retirement plan. Ken shares examples of how he has helped clients align their desires with the realities of retirement living, and how he works to minimize risk and maximize financial stability. Join Ken as he discusses the challenges of sharing personal information, the devastating impact of losing money in retirement, and the strategies for reducing risk through smart asset spending. 

In this episode, learn about:

  • The concerns clients may have about sharing personal information and how financial advisors work to protect their client’s sensitive data
  • The detrimental impact of losing money during retirement and the difficulty of earning it back, and how personalized financial planning can help mitigate this risk
  • Strategies for reducing risk in retirement plans by creating a detailed timeline of asset spending, and how financial advisors can guide clients through
  • The role of financial advisors in providing essential information and guidance to clients, and how they can help clients achieve their financial goals
  • And more valuable insights on how to approach retirement planning in a personalized and effective way.

Connect with Ken New:

Podcast: Play in new window | Download | Embed

Subscribe: RSS