Category Archives: Financial Planning

BluBrry Feature Image

Episode 36: Charitable Lead Annuity Trust – With Derek Myron



What is a charitable lead annuity trust and how can it benefit taxpayers?

In this episode of The Truth About Wealth Podcast, Michael Parise speaks with Derek Myron from Centura Wealth Advisory to discuss charitable lead annuity trust. Derek provides an extensive look into the trust and its tax benefits.

In this episode, you will learn:

  • What the charitable lead annuity trust is, how it works, and its value to taxpayers
  • The number one risk of a charitable lead annuity trust
  • A detailed walkthrough of the three tax benefits of this transaction
  • And more!

Tune in to learn about charitable lead annuity trust!

Resources:  Copper Beech Financial Group | Centura Wealth Advisory


BluBrry Feature Image

Episode 35: Managing Family Businesses



Do you run a family business? How do you handle the daily challenges that may be unique to running a family business?

In this episode of The Truth About Wealth Podcast, John & Michael Parise discuss all things family business: what it’s like to run a family business, how Copper Beech was started, the different challenges they face and questions that needed answering.

In this episode, you will learn:

  • How John and Michael handle their personal relationship with their business relationship
  • Their experiences with running a family business
  • The importance of communication between all family members
  • How to determine if your kids are the right fit for the family business
  • And more!

Tune in to learn about John & Michael’s personal experience with family business!

Resources:  Copper Beech Financial Group 


BluBrry Feature Image

Episode 34 – Expand Your Wine Palette and Start Your Collection –– With Tim O’Rourke



Have you ever wondered how wine goes from the vineyard to your glass? Do you want to know if you’re storing your wine correctly for optimal flavor?

In this episode, John and Michael Parise are joined by Tim O’Rourke, a wine investor with an impressive collection that was featured on the cover of Wine Spectator magazine. This fun conversation will give you recommendations on which regions to try, fantastic wines for $20, how to start collecting wine, how to store it properly, and more!

In this episode, you’ll learn:  

  • The intricate details of the wine making process
  • How to store wine correctly
  • How to starting expanding your collection
  • A brief history of wine in various regions
  • And more!

Tune in to learn about the world of wine!

Resources:

 Copper Beech Financial Group 


BluBrry Feature Image

Episode 33 – The Importance of Creating a Business Succession Plan



Having no business succession plan can be detrimental to family wealth.

In this episode of The Truth About Wealth Podcast, John & Michael Parise begin a new series of case studies in which they examine the situation of a past client, discuss their specific needs, and the steps they took to create their plan. 

In this episode, you will learn:  

  • A variety of ways to handle business succession 
  • Why ESOP could be the answer, and it’s value to employees
  • How to approach asset protection
  • Real process, implementation, and problem-solving examples 
  • And more!

Tune in to hear a real-life example of creating a business succession plan.

Resources:  Copper Beech Financial Group 


BluBrry Feature Image

Episode 32: Impact Investing — with Christopher Vroman and Dr. Laura Fenster Rothchild



Organizations are using impact investing to tackle social issues alongside a financial return. 

In this episode of The Truth About Wealth Podcast, John & Michael Parise sit down with guests Christopher Vroman and Dr. Laura Fenster Rothschild of Emmett Partners to discuss impact investing, and how organizations are transitioning to the practice. 

In this episode, you will learn:  

  • The basic concept of impact investing
  • About the broad spectrum of impact investing
  • The benefits of impact investing
  • Why companies looking to create impact will become more prosperous in the future
  • And more!

Tune in to learn about impact investing!

Resources  Copper Beech Financial Group | Emmett Partners


BluBrry Feature Image

Episode 31 – Your Common Concerns Answered



Likely, when it comes to your wealth, you have some questions and concerns about longevity through generations. We’re here to help.

In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss common concerns they hear from families, and share how they approach these situations. 

In this episode, you will learn:

  • How you can stay on top of change and be proactive
  • Why it’s important to plan with future generations in mind
  • Why getting an outside perspective provides a different outlook on financial decisions 
  • How another family’s cause for concern can help you make both short-and-long-term decisions for your own wealth
  • And more!

Learn about how various perspectives can help in your decision-making process.

Resources:  Copper Beech Financial Group 

 


BluBrry Feature Image

Episode 30 – A Family Mission Statement is Key for Your Legacy



Family mission statements are one of the most important parts of our clients’ financial legacies.

In this episode of The Truth About Wealth Podcast, John Parise tackles the subject of family mission statements, and why they are the key to your legacy. 

In this episode, you will learn:

  • How the Copper Beech team approaches these letters with families
  • The purpose of a family mission statement
  • The process of establishing the mission statement
  • The difference between the mission statement and legacy letters
  • How the mission statement helps to create equity in the family
  • And more!

Tune in to this episode to learn about family mission statements!

Resources

Copper Beech Financial Group


BluBrry Feature Image

Episode 29 – A Recession on the Horizon with guest Paul Dietrich — Part 2



Like most things in life, the economy fluctuates, and it can’t continuously be on an upswing.

Paul Dietrich is back with part two of this mini-series for The Truth About Wealth Podcast about the realities of the economy and the potential of an upcoming recession. 

In this episode, you will learn:

  • How international trade plays into the economic situation
  • How the outcome of the American election will impact the financial sector
  • The impact of other international markets on the American market
  • And more!

Tune in to learn about the state of the market with Paul Dietrich!

Resources  Copper Beech Financial Group


BluBrry Feature Image

Episode 28 – A Recession on the Horizon — with guest Paul Dietrich



As much as you may want it to, the economy cannot be stable forever. Many experts are predicting an impending recession, potentially as soon as this year. 

In this episode of The Truth About Wealth Podcast, Michael Parise sits down with returning guest Paul Dietrich, Copper Beech’s chief investment strategist, to talk recessions, the indicators and how to prepare.

In this episode, you will learn:  

  • Where we sit today in terms of the economy
  • Indicators to watch for when predicting a recession
  • How to prepare clients for an upcoming recession
  • Why investors might refer to the 2000s as “the lost decade”
  • And more!

Tune in to learn how to handle an upcoming recession. 

Resources  Copper Beech Financial Group


BluBrry Feature Image

Episode 27 – Options to Reduce Your Taxes for Your IRA — With Mary Read, CPC, CPFA, QPA



Let’s face it — saving money in taxes is always going to be a major goal of financial planning. 

In this episode, John and Michael Parise discuss tax-saving measures you can take with your IRA, with special guest Mary Read, CPC, CPFA, QPA, and national director of pension and protection planning at Pentegra Retirement Services and partner at M and R Business Development Group.

In this episode, you will learn:

  • The impact of the SECURE Act on the rules of tax savings in IRAs
  • The differences between treatments for different assets
  • How to use access benefits through life insurance and qualified plans
  • Why you may want to consider giving your beneficiaries ownership of your benefits
  • How these changes are a game-changer for high net-worth families
  • And more!

Tune in to learn about your options to reduce taxes for your IRA. 

Resources  Copper Beech Financial Group | Pentegra Retirement Plan Services