Tag: Retirement Planning
Are Reverse Mortgages as Bad as They Seem? with Harlan Accola (Ep. 14)

Are Reverse Mortgages as Bad as They Seem? with Harlan Accola (Ep. 14)

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Are reverse mortgages misunderstood financial traps, or can they be strategic tools for secure retirements?

In this episode, Ken New speaks with Harlan Accola, National Reverse Mortgage Director at Movement Mortgage and a seasoned expert in reverse mortgages, about the often misunderstood world of reverse mortgages. They explore how these financial tools have evolved and how they can potentially benefit retirees by tapping into home equity without losing the house. Despite the stigma often associated with them, Ken and Harlan reveal the facts from personal and professional perspectives, offering insights into how reverse mortgages can fit into a comprehensive retirement strategy.

Harlan discusses: 

  • (02:36) What reverse mortgages and their potential benefits are
  • (05:06) The shift in reverse mortgage regulations and how they provide tax-free income
  • (12:31) How reverse mortgages can aid cash flow and reduce tax burdens
  • (17:06) Using home equity as a proactive financial planning tool
  • (26:29) The importance of involving family in financial decisions
  • And more

Consider reverse mortgages part of your financial toolkit, evaluating their fit with your overall plan. Tune in to learn how these loans might open new avenues in your retirement planning.

Connect with Ken New:

About the Host: 

Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991.  Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.

Connect with Harlan Accola:

About our Guest: 

Harlan Accola has spent decades in the mortgage industry. For the last 20 years, he has worked in housing wealth for retirees concentrating on reverse mortgages and retirement income planning. He has worked with many of the top financial planning researchers in the nation as to how the trillions of dollars in home equity should be utilized in wholistic retirement plans. Harlan is an author and national speaker and currently works with hundreds of financial professionals in his role as National Reverse Mortgage Director at Movement Mortgage. When he is not working he loves to spend time with his wife and family. They have 4 sons and 5 grandchildren and frequently take reverse mortgage vacations around the world.

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How to Elevate Your Charitable Contributions With Aleksander Dyo (Ep. 12)

How to Elevate Your Charitable Contributions With Aleksander Dyo (Ep. 12)

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While many are aware that charitable donations can help reduce your tax bill, strategies for amplifying this technique are not so commonly talked about.  

Join host Ken New as he speaks with Aleksander Dyo, Managing Director of Wealth Excel who focuses on advanced retirement plans and specifically financial charitable giving strategies. Together, they cover the world of charitable gift financing, revealing how high-earning individuals and business owners can amplify their donations, maximize tax savings, and accelerate wealth growth without compromising their financial security. Follow along to learn innovative strategies that Aleksander has used to help clients save over $60 million in taxes and how you can apply these techniques to achieve your philanthropic and financial goals.

Ken and Aleksander discuss: 

  • The core principles and benefits of charitable gift financing
  • How high-net-worth individuals can leverage this strategy for tax savings and amplified giving
  • The role of specialized third-party lending and life insurance in securing and repaying charitable donations
  • Fulfilling philanthropic desires and carrying on a lasting legacy of giving without compromising financial security
  • And more

 

Resources:

Connect with Ken New:

Connect with Aleksander Dyo:

 

About the Host: 

Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991.  Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.

 

About Our Guest: 

Aleksander is renowned for his proficiency in sophisticated Qualified Plan models and Financed Charitable Gifting methodologies. Boasting a clientele of 400+ business moguls and affluent earners, he has successfully facilitated tax savings of over $60MM.

With an illustrious journey as a serial entrepreneur, a steward at a private equity fund, and an angel investor across finance, tech, and real estate sectors, Aleksander effortlessly fuses his first-hand experience into pragmatic business management and wealth multiplication strategies.

His candid demeanor, unwavering commitment to results, and ability to think beyond the conventional set him apart, paving the way for pioneering wealth generation solutions.

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

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

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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.

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Adding International Adventure to Retirement Planning with Karen Bense (Ep.16)

Adding International Adventure to Retirement Planning with Karen Bense (Ep.16)

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Just because you are retired doesn’t mean you can’t have fun. Many retirees want to include international travel in their retirement plans, from cruises to guided tours and more.

In this episode, Ken New speaks with Karen Bense, owner of Air Land and Sea Travel, on how retirees can include adventurous travels in their retirement plans. They explore popular destinations for retirees traveling alone or with friends and family and how retirees can stay safe while traveling.

Karen discusses: 

  • Why retirees look to include travel in their retirement plans
  • How the pandemic caused an increase in family travel plans
  • The current trends in travel, comparing places and types of travel
  • The importance of creating an itinerary when traveling based on the client’s wants and needs
  • And more

 

Connect with Ken New:

Connect with Karen Bense:

About our Guest:

Owner of Air Land and Sea Travel Inc. Has an extensive background in the travel industry. A native of Connecticut, she began her travels as a flight attendant. Her interest in travel continued even after her career as a flight attendant ended.

Karen became a travel consultant when her daughter started school and for the past 23 years has been involved assisting customers with their travel plans. For the last 18 years she has owned Air Land & Sea Travel Agency, Inc.. Along the way she has endeared many clients and forged lifelong friendships with her clients. Her passion is creating a memorable travel experience for all who call, email or walk into the office.

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Creating Secure Retirement Income Through Portfolio Diversification (Ep. 15)

Creating Secure Retirement Income Through Portfolio Diversification (Ep. 15)

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As you enter retirement, your investments become the source of your income. But how can you ensure that your assets will sustain you throughout your retirement?

Join Ken New as he unveils the power of portfolio diversification. In this episode you will gain a profound understanding of why diversity is a crucial element in protecting and maximizing your retirement income. With Ken’s insights and practical strategies at your disposal, learn how to fortify your financial future and ensure a steady cash flow long after your traditional paychecks cease.

Ken discusses: 

  • What is portfolio diversification from a financial perspective
  • How diversification contributes to the wealth preservation of retirees
  • The role of financial advisors in building a diverse portfolio
  • The shifting landscape of real estate investments in retirement
  • And more

 

Connect with Ken New:

 

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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)

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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. 

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

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

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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:

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

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

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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:

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

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

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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.

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The Four Fundamental Themes of Retirement (Ep. 7)

The Four Fundamental Themes of Retirement (Ep. 7)

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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:

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