Evan Wohl – WealthStyle Podcast

Planning For Retirement: Social Security and Medicare with Elaine Floyd

By wealthstylepodcast | September 25, 2023

In today’s episode of WealthStyle, Iván Watanabe and Evan Wohl interview Elaine Floyd, Director of Retirement Life Planning at HorsesMouth about the intricacies of our nation’s support systems; Social Security and Medicare.

Listen as Elaine shares her expert knowledge by debunking some common misconceptions and detailing the benefits these programs provide using real-life examples and historical facts.

Whether you’re approaching retirement, caring for a loved one, or simply curious about recent changes and restrictions regarding Social Security and Medicare, this episode is a must-listen!

Gain insight as Elaine discusses:

The importance of accessing your retirement income plan for the duration of your lifetime
Common mistakes people make when claiming Social Security, and the varying spousal benefits
The differences between Medicare Part A and Part B
How to navigate your options regarding your Health Savings Account (HSA) and Medicare
And more

Resources:

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How Effective Conversations Build Great Business Leaders with Chalmers Brothers

By wealthstylepodcast | August 28, 2023

Conversations are at the heart of effective leadership.

In this episode, Iván Watanabe and Evan Wohl speak with Chalmers Brothers, best-selling author, and certified personal/executive coach, on the role of conversation within business and leadership development. Chalmers shares his experience helping business owners take their everyday tasks to the next level through effective communication and tips to look at their own leadership in a new light.

Chalmers discusses:

How do leaders use language to build effective communication
The importance of building communication relationships when working remotely
Why authenticity is essential to creating effective communication
How personal emotions impact the energy of a conversation
And more

Resources:

Language and the Pursuit of Leadership Excellence by Chalmers Brothers and Vinay Kumar

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About Our Guest:

Chalmers Brothers is a best-selling author, certified personal/executive coach, consultant, seminar leader, and speaker. He has a 36-year career focused on leadership development, workplace culture, productivity and accountability, teamwork and clarity in communication, emotional intelligence, trust- and relationship-building.

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How to Make Tomorrow Better Today with Hal Hershfield

By wealthstylepodcast | August 14, 2023

Do you recognize yourself when you imagine who you’ll be in the future?

Or does it feel like you’re looking at a stranger?

In this episode of WealthStyle, Evan Wohl speaks with Hal Hershfield, professor of psychology, marketing, and behavioral decision-making at UCLA’s Anderson School of Management on why it is so hard for most people to envision their future selves.

Listen in as Hal reveals the psychology behind this common mindset and what we can do to alter how we perceive ourselves presently and in the future.

Engage in a few “ah-ha” moments as Hal explains:

Why it’s a struggle to achieve goals, even if they are well planned
How envisioning and connecting with your future self can increase asset accumulation
The power of auto-enrollment for 401k contributions
Why we tend to live in a state of “status quo” versus looking ahead to the future
And more

Resources:

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Connect with Hal Hershfield:

About Our Guest:

Hal Hershfield is a Marketing, Behavioral Decision Making, and Psychology Professor at UCLA’s Anderson School of Management and holds the UCLA Anderson Board of Advisors Term Chair in Management. His research, which sits at the intersection of psychology and economics, examines how we can improve our long-term decisions. He earned his Ph.D. in psychology from Stanford University.

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Tax Strategies for Financial and Retirement Planning

By wealthstylepodcast | July 31, 2023

When building a retirement plan, you need to look beyond your individual accounts. How will each type of account save you money? How will they protect your retirement income from high tax rates?

In this episode, Iván Watanabe and Evan Wohl focus on asset allocation and what needs to be considered when creating retirement income assets. They discuss the impact of taxes on retirement planning and how different accounts provide opportunities to save and withdraw retirement funds while avoiding high tax rates.

Iván and Evan explore:

The importance of considering the taxation of different asset vehicles
When to withdraw from different types of accounts
What to consider when making an investment decision
How different investment buckets provide options when withdrawing retirement income
And more

Resource:

An Eye on Investments with Russ Carpentieri

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An Eye on Investments with Russ Carpentieri

By wealthstylepodcast | July 3, 2023

What goes into a successful investment deal? Money? Time? Information?

Find out how you can invest with confidence in this episode of WealthStyle where Iván Watanabe and Evan Wohl sit down with Russ Carpentieri, Managing Director at OPUS Private Client, LLC to explore their personal insights, practical tips and real-life examples of how you can make profitable investment decisions.

Listen in as Iván, Evan, and Russ discuss:

How their relationship with money impacts their investment decisions
What questions to consider when assessing several deals
How a loss in investments isn’t a loss in the portfolio
Why you should spend time getting familiar with your investments
And more

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Connect with Russ Carpentieri:

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Guaranteed Income for a Happy Retirement with Tom Hegna

By wealthstylepodcast | June 19, 2023

What’s the secret to a happy retirement?

If you want to enjoy your retirement to the fullest, you must have a sense of purpose and guaranteed income for the rest of your life. That way, you have something to look forward to every day, without the fear of running out of money!

In this episode of WealthStyle, Iván Watanabe and Evan Wohl sit down with Tom Hegna, a retirement expert, best-selling author, public TV host, and international speaker!

Together, they explore:

Seven simple steps for a financially secure retirement
What drives happiness and longevity in retirement (based on research)
How you can achieve guaranteed lifetime income and a blissful retirement
Benefits of annuities and the different types available in the market
How to make your life purposeful and socially engaging during retirement
And more

Resources:

Decreasing Investment Loss During Retirement with Dr. Wade Pfau
“Paychecks and Playchecks: Retirement Solutions for Life” by Tom Hegna
“Don’t Worry, Retire Happy! Seven Steps to Retirement Security” by Tom Hegna
“Retirement Income Masters: Secrets of the Pros” by Tom Hegna

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About Tom Hegna:

Tom Hegna is an economist, author, and retirement expert. As a former First Vice President at New York Life, retired Lieutenant Colonel, and economist, Tom has delivered over 5,000 seminars on his signature “Paychecks and Playchecks” retirement approach, helping baby boomers and seniors retire the “optimal” way.

Tom specializes in creating simple and powerful retirement solutions. He has the unique ability to pump up a crowd, make people laugh, and solve complex financial problems using easy-to-understand words, ideas, and stories. He’s been featured in Business, Forbes, Money Rates, and many other leading publications. He is available to speak with businesses, government organizations, professional associations, financial professionals, and their clients across the globe.

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Teaching Gratitude and Generosity in an Affluent Home

By wealthstylepodcast | June 5, 2023

How can you help your child(ren) be responsible, humble, and respectful?

What are the necessary skills required to teach life-long behaviors?

In today’s episode of WealthStyle, Iván Watanabe and Evan Wohl learn a few parenting tactics that helped their fellow colleague Russ Carpentieri raise well-rounded, independent children.

Listen in as Russ shares his experience as a father and highlights the following:

The influence that your circle of friends can have on your level of parenting
How to teach gratitude and empathy through daily reminders and acts of kindness
The importance of instilling accountability and consequences
Useful takeaways to help reduce entitlement when raising affluent children
And more

Resources:

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Connect with Russ Carpentieri:

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When Is the Right Time to Buy a House?

By wealthstylepodcast | May 19, 2023

Buying a home may seem like the right thing to do, but is it?

There are many factors to consider before you purchase a home, and the most obvious is, can you afford the mortgage payments? Then on top of that, there are annual property taxes and monthly utilities like gas and electricity. And don’t forget about the less obvious expenses like furniture and decor, and unexpected repairs or upgrades.

The reality is, it requires a lot of financial planning before you put an offer on a house.

In this episode of WealthStyle, Iván Watanabe and Evan Wohl explore the different reasons why their clients want to buy houses, how the costs associated with owning a home factor into financial and retirement planning, and how much the housing market has changed post-pandemic.

Iván and Evan discuss:

The financial costs of owning a house after the initial purchase
How your financial plans will shift when planning to buy a house
The role of mortgage and interest rates and how they are constantly changing
The emotional effects of buying a home
And more

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What to Consider When Planning Your International Flight with Rob Karp and Henry Kamp

By wealthstylepodcast | May 8, 2023

How can you maximize your vacation and travel experience before you even leave the country?

In this episode, Iván Watanabe and Evan Wohl are joined by Rob Karp, founder and CEO, and Henry Kamp, head of Air Sales and Operations at MilesAhead, in sharing their knowledge of the travel industry and how to gain the most from your flight experience.

Rob and Henry discuss:

How the pandemic increased the cost of travel while negatively impacting the experience
Why travel so important to people
How to ease your flight with a baby
Tips to getting through customs and onto the plane faster and easier
And more

Resource:

Resuming Air Travel in the Era of COVID-19 with MilesAhead

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About Our Guests:

Rob Karp is the Founder and CEO of MilesAhead. A graduate of Cornell University’s School of Hotel Administration (‘19), Rob was named one of Travel + Leisure’s International Rising Stars in 2017 and a finalist for Virtuoso’s Rising Star award in 2019. Rob first founded MilesAhead as a sophomore in high school, initially helping family and friends efficiently use their frequent flyer miles for plane tickets. Over time, MilesAhead has evolved into a full-scale luxury hospitality company that works with a discerning group of clients.

As the Head of Air Sales and Operations, Henry Kamp ensures that all of our clients’ journeys are as pleasant as the destination. Although Henry focuses primarily on air travel, he plays a pivotal role in all travel bookings, handling everything from finding last-minute rental cars to identifying the perfect hotel.

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Exploring Equity Grants and Their Taxation with Alejandro Azuaje

By wealthstylepodcast | April 24, 2023

Company equity grants are a tried and true way for businesses to provide investment opportunities to their employees, and as a way to incentivize and reward their loyalty. Plus, equity grants can be a cost-effective way for companies to compensate employees, and provide a sense of ownership by giving them a stake in the company’s success.

In this episode of WealthStyle, Iván Watanabe and Evan Wohl talk with Alejandro Azuaje, an investment specialist with OPUS Private Client, LLC about three main types of equity grants and how they are taxed from an employee perspective.

Listen in and learn as Alex discusses:

Why equity grants are used as employee benefits
The main types of equity grants
Examples of how employees can benefit from each type of equity
How taxes impact the income received from equity grants
And more

Resources:

The Benefits of Equity Awards with Alejandro Azuaje

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About Our Guest:

Alejandro Azuaje is an associate and investment specialist at Opus Private Client, LLC. After graduating from college, Alejandro entered the financial planning industry. He joined Opus in 2017 and is elated to be working for a team that believes in holistic planning and executes its recommendations with efficiency and ease. Alejandro’s specialties are in financial planning analysis, financial modeling, and equity investments. He is a Westchester native from Purchase, NY, and an Alumnus of New York University with a bachelor’s degree in computer science.

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How the Secure Act Has Changed Retirement Planning with Joshua Caron

By wealthstylepodcast | April 10, 2023

The Secure Act was one of the most significant systemic rewrites of retirement planning in recent history. These changes created opportunities for all ages, from young adults just out of college to individuals just starting retirement.

In this episode, Evan Wohl speaks with Joshua Caron, Vice President of Federal Affairs at Finseca, on the Secure Act, how it changed retirement planning, and the individual aspects of the Secure Act 1.0 and 2.0.

Josh discusses:

Why the shift away from pensions was so important in retirement planning
How student debt conflicted with retirement planning for those fresh out of college
The change to overfunding 529 accounts and how Secure Act 2.0 changed the tax penalties for the account
Why 401(k)s are no longer enough for retirement income and the impact of longevity on retirement planning
And more

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About Josh Caron:

Joshua Caron is the Vice President of Federal Affairs for Finseca. Originally from Massachusetts, he attended Arizona State University for both his undergraduate and graduate degrees. His primary role is to advocate for policies that allow for more Americans to live financially secure lives with a focus on the advanced markets.

Prior to joining Finseca, he worked for several political campaigns, including those former President Barack Obama and former Congressman Harry Mitchell (D-AZ). He lives with his wife, daughter, and chocolate lab in St. Anthony Park, St. Paul MN.

About Evan Wohl:

Evan’s clients trust him with the responsibility to guide them through the complexities of personal finance. He provides clarity and insight on how to measure and improve your cash flow as well as whether or not you are on track to accomplish your various financial goals. The firm takes a macroeconomic approach to planning and coordinates all of your financial decisions through the use of a comprehensive economic model.

Evan’s wife, Laurie, and he have three children, Quinn, Parker and Bodie. He currently sits on the board of The Hope Gala. The Hope Gala was created to support fundraising efforts on behalf of The Four Diamonds Fund and The Penn State Dance Marathon (THON™). The Hope Gala contributes to the mission of conquering childhood cancer. All proceeds benefit pediatric cancer patients at the Penn State Children’s Hospital and their families in need of financial aid, medical assistance, and emotional support.

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Building Real Estate Investments in a Rising Interest Rate Environment with Jon Minkoff

By wealthstylepodcast | January 2, 2023

Real estate investment is a balance between finding the right financial opportunity, and a unique, desirable location. How can you build real estate investments in a rising interest rate environment?

In this episode, Iván Watanabe and Evan Wohl speak with Jon Minkoff, co-founder, CFO, COO, CIO of ASH NYC, on real estate investment for individual investors, what to consider when entering the current economic market, and how investors view property from a buyer, seller or investment perspective.

Jon discusses:

What makes a good real estate investment
How banks manage lending risk in a rising interest rate environment
How he manages business through different economic climates
And more

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About Jon Minkoff:

Real estate professional with experience working with start-up real estate development private equity funds. Jon has experience in all aspects of real estate including finance, development, financial forecasting, construction, estimating, property management, as well as commercial leasing. He has also spent time working with high-net-worth individuals to analyze and manage different real estate acquisition opportunities.

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Compound Interest is a Snowball with Evan Wohl

By wealthstylepodcast | November 21, 2022

Remember being a kid and the joy you felt making the biggest snowman from just three small snowballs? Watching those little snowballs getting bigger and bigger with each roll…

As an adult, the experience changes from creating snowmen to generating compound interest.

In this episode, Iván Watanabe welcomes colleague Evan Wohl to dive deeper into compound interest, and how you can get it working for you.

Iván and Evan discuss:

Why Warren Buffett claims compound interest to be the eighth wonder of the world
How compound interest works
The ripple effect one change can have on an entire balance sheet
Why you should see your finances as an ecosystem, not just as single silos
And more

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Connect with Iván Watanabe:

About Evan Wohl:

About Iván Watanabe:

Iván Watanabe is a Managing Partner of Opus Private Client, LLC in the New York office. He joined Opus in 2013, after working in Boston for five years as a financial associate. During his time at Opus, Iván quickly established himself as a leader and an asset to the team, and he became a managing partner in 2018.

Iván is a graduate of the College of the Holy Cross with a bachelor’s degree in political science and Spanish literature and brings a unique blend of analytical and holistic thinking to each of his clients. Iván’s expertise is in asset protection, wealth accumulation, and wealth distribution strategies. His vast knowledge and rich experience in the finance industry earned him one of the most prestigious industry awards, the President’s Council Award in 2018.

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Building Real Estate Investments in a Rising Interest Rate Environment with Jon Minkoff

By wealthstylepodcast | January 2, 2022

Real estate investment is a balance between finding the right financial opportunity, and a unique, desirable location. How can you build real estate investments in a rising interest rate environment?

Jon discusses:

What makes a good real estate investment
How banks manage lending risk in a rising interest rate environment
How he manages business through different economic climates
And more

Connect with Iván Watanabe:

Connect with Evan Wohl:

Connect with Jon Minkoff:

About Jon Minkoff:

Real estate professional with experience working with start up real estate development private equity funds. Jon has experience in all aspects of real estate including finance, development, financial forecasting, construction, estimating, property management, as well as commercial leasing. He has also spent time working with high net worth individuals to analyze and manage different real estate acquisition opportunities.

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