Tag: Wealth Advisor

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Common Tax Mistakes for Business Owners and How to Avoid Them With Mike Nulty

Common Tax Mistakes for Business Owners and How to Avoid Them With Mike Nulty

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How do you keep your tax records clean and avoid those dreaded IRS audits? 

This week, Mike Nulty from Matthews & Nulty, Inc. joins Iván Watanabe and Evan Wohl to discuss effective tax strategies for individuals and small business owners. They dive into common mistakes, like poor record-keeping, and provide actionable tips on how to avoid them. 

So, tune in and learn how to keep your financial records clean and stay ahead of potential IRS audits!

Key episode discussion points include:

  • Keeping business and personal finances separate for clear record-keeping
  • The value of using tools like QuickBooks to track business expenses and revenues
  • How regularly reviewing your financials (on a monthly basis) can help you stay proactive rather than reactive
  • Timeline on taking tax deductions and understanding their long-term implications

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Connect with Mike Nulty:

About Our Guest:

In early 2015, continuing with the firm’s core values, James Matthews made Michael W. Nulty a partner of the firm. Like James, Michael is also a graduate of Saint Peter’s University, in Jersey City, New Jersey.

Before becoming a partner of the firm, Michael spent seven years working under James, polishing his craft in accounting, auditing and tax. Together, James and Michael have a wealth of knowledge and have helped numerous entities both for profit and not for profit, become successful.

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REPLAY: Planning For Retirement: Social Security and Medicare with Elaine Floyd

REPLAY: Planning For Retirement: Social Security and Medicare with Elaine Floyd

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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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Transforming Spaces with Marialisa of Cyrus Contracting

Transforming Spaces with Marialisa of Cyrus Contracting

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Are you considering a home renovation but feel overwhelmed by the prospect of working with contractors? 

You’re not alone.

In this episode, Iván Watanabe, and Evan Wohl speak with the owner and operator of Cyrus Contracting, Marialisa Zywotchenko, or ML for short. During their discussion, ML unravels the often daunting task of working with contractors, provides advice on establishing a trustworthy relationship with your contractor, and why investing in quality should be a priority. Through sharing first-hand experiences, ML illustrates the dangers of falling for misleading sales pitches, underscores the critical role of experienced subcontractors, and the legal importance of permits. 

After listening to this episode you will have a clearer understanding of how to approach your next renovation with confidence.

Key topics include:

  • How to find the right contractor for your project and budget
  • The most profitable home improvement renos
  • Questions to ask a potential contractor, including license, permits, and insurance
  • Real examples of client mistakes and misfortunes
  • Trends that stand the test of time vs. fads that don’t last
  • And more

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Connect with Marialisa Zywotchenko:

About Marialisa Zywotchenko:

Marialisa is the owner and operator of Cyrus Contracting. She holds two degrees from New York University in Construction and Real Estate Management. She earned her Associate’s degree from the University of Florida. Marialisa worked for several New York City general contracting firms in numerous roles and previously owned and managed her own painting company.

Marialisa has a passion for fine art and interior design as well as building. Her attention to detail sets Cyrus apart from other contractors in the Manhattan/Westchester competitive market.

The way Marialisa approaches the construction project simplifies the process for clients. She looks at the broad scope of the project and addresses each aspect.

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Strategies for Real Estate Success with Scott Shuman

Strategies for Real Estate Success with Scott Shuman

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Are you looking to sell your home and need insight into the current market? 

Want to know what potential buyers are looking for and what you can do to attract them? 

If you’re ready to list your house, make listening to this episode your first to-do!

Join our host Evan Wohl and his guest Scott Shuman, COO of The Sue Adler Team as they discuss the ever-changing real estate landscape. They hone in on how the pandemic and the shift in work habits are nudging folks from the hustle and bustle of city life to the quieter suburbs, and why you might want to hang on to your property as a source of income. 

Should you stay or go? 

Find out as this episode highlights:

  • What caused the shift in the real estate market during Covid
  • How have rising interest rates affected buyer activity and seller hesitation
  • The importance of finding a trusted real estate advisor before making decisions about home improvements or selling
  • Why you should consider holding onto property for rental income
  • Tips and guidance on how to increase the value of your home
  • Insight into the permits and legal requirements for selling/buying
  • And more

Resources:

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Connect with Scott Shuman:

About Our Guest:

Scott Shuman, Morristown, grew up in Chatham and has been with The Sue Adler Team since 2010. Scott spearheads all of the team’s operations, and in a nutshell, is responsible for ensuring that the Sue Adler Team runs efficiently and effectively,  with client service always at the forefront, creating the best possible experience for our clients. If you have a conversation with Scott, it will instantly become clear how passionate he is about the real estate industry – he is one of the rare people (besides Sue), who got his real estate license as soon as he turned 18!   Scott has had his hand in almost every role in the industry from working with buyers and sellers to transaction management, to lead conversion to SEO and online marketing and everything in between.

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Strategies for Managing Single Stock Positions with Andrew McCall

Strategies for Managing Single Stock Positions with Andrew McCall

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Have you considered including covered calls and collars in your investment strategy? What options should you consider when looking at contracts for buying and selling investments?

Tune in as Iván Watanabe and Evan Wohl speak with Andrew McCall, regional consultant at SpiderRock Advisors. Andrew walks through some savvy options strategies, like covered calls and collars, that can help balance out the risks and tax implications while you’re working on diversifying your investment portfolio. 

Andrew discusses:

  • What are the options strategies discussed for managing single stock positions
  • Where does SpiderRock’s technology and expertise focus in terms of customizable option solutions
  • Why are options considered contracts for buying or selling investments at specific prices in the future
  • What are the downsides and trade-offs of using the covered call strategy
  • And more

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Leasing or Buying a Car with Alfonso Ruggiero

Leasing or Buying a Car with Alfonso Ruggiero

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Are you looking at buying or leasing a car in the near future? Understanding the questions to consider could make the road a bit smoother for your purchase.

In this episode, Iván Watanabe and Evan Wohl are joined by Alfonso Ruggiero, a former Audi sales executive to delve into the intricacies of purchasing or leasing a vehicle. Listen as Alfonso offers valuable insights into the negotiation process, the significance of comprehending lease terms, and the various fees associated with such transactions.

Alfonso discusses:

  • Why is it important to negotiate the car price before discussing lease terms
  • What fees are involved in leasing a car
  • His thoughts on putting extra money down on a lease
  • The importance of considering where your car will be serviced 
  • And more

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Current Market Dynamics with Evan Wohl and Rob Pruett

Current Market Dynamics with Evan Wohl and Rob Pruett

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Predicting the future is something that many people expect investment and wealth advisors to do, especially when it comes to fluctuations within the market. 

Join Evan Wohl and Rob Pruett from OPUS Private Client, LLC, for a candid discussion surrounding the current market dynamics and how advisors can help clients create flexible plans based on timeless investment principles.

Evan and Rob discuss:

  • Current market conditions and challenges facing clients
  • The importance of sticking to a long-term investment plan 
  • Ongoing increases and changes to tax rates, interest rates, and inflation  
  • Why you should work with a professional for financial planning
  • And more

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Connect with Rob Pruett:

About Our Guest:

Robert P. Pruett has been a wealth advisor with Opus Private Client, LLC for 14 years performing planning for high-net-worth individuals, families, and business owners. Rob uses leading-edge advanced personal planning techniques to protect and maximize each client’s wealth, retirement, and estate plans. Rob also consults with 50-to-800-person firms to deliver high-value corporate benefit programs, with a special focus on delivering healthcare savings of 10-15% or more through Opus’ proprietary reimbursement program offering.

His specialties include asset management, institutional investing, tax planning, life insurance, disability, annuities, and long-term care insurance, corporate benefits programs, executive benefit programs, retirement, and estate planning, and legacy and charitable planning.

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Tax Strategies for Financial and Retirement Planning

Tax Strategies for Financial and Retirement Planning

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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:

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An Eye on Investments with Russ Carpentieri

An Eye on Investments with Russ Carpentieri

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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

Guaranteed Income for a Happy Retirement with Tom Hegna

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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:


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Connect with Tom Hegna:

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

Teaching Gratitude and Generosity in an Affluent Home

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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:

Connect with Iván Watanabe:

Connect with Evan Wohl:

Connect with Russ Carpentieri:

 

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