Tag Archives: WealthStyle

When Is the Right Time to Buy a House?

May 19, 2023Finance, Finance, Financial Planning, Investing, RetirementBuying, Evan Wohl, Financial Goals, Financial Planning, First Time Home Buyer, Interest Rates, Investment Planning, Ivan Watanabe, Life Style, Mortgage, Opus Private Client, Podcast, Property Taxes, Real Estate, Renting, Retirement Planning, Selling, WealthStylewealthstylepodcast

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 You Should Know About Assets After Death with Rob Pruett

May 16, 2022Finance, Financial Planning, Investing, RetirementAssets, Beneficiaries, Estate Planning, Financial Planning, Investment Planning, Legacy, Legalities, Opus Private Client, WealthStylewealthstylepodcast

Even if you’re one of the over 50% of Americans who doesn’t enjoy planning for their death, starting a plan today will allow your beneficiaries to avoid the challenges caused by a lack of information and preparation.

In this episode, Iván Watanabe and Rob Pruett dive into one of the most important topics in financial planning: What happens to assets after death. Together, they share examples of dividing assets between spouses, the legalities of estate planning, and creating a legacy you can witness.

Rob discusses:

The importance of updating your executor and power of attorney
How assets can become locked up after death
Why you should start your legacy sooner rather than later
The shifting taxation of estate planning
And more!

Connect with Rob Pruett:

LinkedIn: Rob Pruett

Connect With Iván Watanabe:

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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Tactical Practices For Business Estate Taxes With Jeremy Suarez and Michael Canarick

November 15, 2021Finance, Financial Planning, Investing, RetirementBenefit Plans, Bonus Strategies, Business Owners, Business Planning, Employee Benefits, Estate Planning, Estate Tax Exemption, Incentives, Insurance, Key Man Insurance, Opus Private Client, Retaining, Reward, Tax Law, WealthStylewealthstylepodcast

Do you have a plan in place if you lose some of your key employees? What if you could no longer afford to maintain your key employees and business due to taxes?

Preparing for any of these scenarios is imperative for all business owners.

In this episode, Iván Watanabe is joined by Jeremy Suarez, managing partner at TOMORO and Michael Canarick, partner at Canarick & Canarick. Together, they dive into estate taxes for business owners and the cost of the potential new tax law. They also explain how business owners are attracting, rewarding, and retaining key employees through benefit programs and bonus strategies.

Iván, Jeremy, and Michael discuss:

How employers are incentivizing key employees to stay
Why key man insurance is necessary for any high-level employee
What will be impacted by the changes to the tax law
How clients can take advantage of the current tax law
And more!

Resources:

A Conversation Around Estate Planning & Taxes with Michael Canarick

Connect with Jeremy Suarez:

Connect with Michael Canarick:

Connect With Iván Watanabe:

About Jeremy Suarez:

Jeremy joined Tomoro as a managing partner in 2014. When working with individual households on their wealth creation strategies; the focus is on all areas of wealth accumulation, protection, and distribution. As a certified exit planning professional, Jeremy supports business owners with a full range of business continuity, succession, and exit planning recommendations; with a core focus of optimizing value.

About Michael Canarick:

Canarick & Canarick was founded by Michael Canarick, an estate planning attorney with a Master of Laws in Taxation from NYU and a member of the New Jersey, New York, and Pennsylvania Bars. Michael has over 15 years of experience in counseling on tax and estate planning matters and developing strategies that will help create and preserve wealth through generations. Michael’s practice consists of reviewing and drafting legal documents for clients and educating them on the various options that exist when it comes to the distribution of their assets.

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