Tag Archives: father-son

BluBrry Feature Image

Episode 54 – Annuities as a Helpful Income Planning Tool – With Michael R. Harris, CFP®, ChFC



The Alliance For Lifetime Income’s Michael R. Harris is all about helping YOU address the risk of outliving your retirement income.

In this episode, John and Michael Parise speak with Mike Harris to discover everything Mike has to say about annuities, and how to creatively use them within your income planning. 

You will learn:

  • An investor-related definition of annuities
  • Why it is so important to plan for retirement-related income streams
  • The pros and cons of a traditional annuitization
  • What does the general public think of annuities: Research done by The Alliance For Lifetime Income 
  • How advisors and clients can approach annuity discussions, cost and value-wise 
  • And more!

No matter if it’s an investment or annuity – they all need planning.  Listen in to find out why!

Resources: Copper Beech Financial Group | (856) 988-8300 | Michael R. Harris, CFP, ChFC | The Alliance for Lifetime Income | Cited Source: Risky Business: Living Longer Without Income for Life | Cited Source: CBS News: How to estimate your lifetime retirement paycheck


BluBrry Feature Image

Episode 53 – A Discussion on Business And Family Leadership – With Guest Robert Brown



Strong leadership is crucial for generational wealth and business transfer.

In this episode, John and Michael Parise sit down with their first client guest, CEO and president of American Asphalt Company, Robert Brown. Robert draws from his own business experience and journey to discuss the importance of sharing leadership values and training with the next generation to continue achieving success once the business is passed down. 

In this episode, you will learn:

  • How and when leadership became a core and philosophical concept for Robert 
  • Lessons Robert learned while becoming a business leader 
  • Tips how to pick the next leader in the family
  • Trust, communication and professional leadership training: How to be a great coach to employees
  • How Copper Beech has helped Robert establish buy-sell agreements for his own firm 
  • And more!

Tune in today to discover how leadership can help you achieve personal and generational business success! 

Resources: Copper Beech Financial Group | (856) 988-8300 | American Asphalt Company | Robert Brown

 


BluBrry Feature Image

Episode 50 – How Future Generations Can Maintain Their Family’s 100-Year Vision – Part 2



Are you in your family’s second or third generation, and interested in learning how to carry on your family’s wealth?

In part two of this two part series, John and Michael Parise discuss different considerations second and third generations must have when handling their family’s wealth, highlighting the importance of effective communication and data organization. 

In this episode, you will learn:

  • The role of the second generation in passing down family wealth 
  • Legacy letters and mission statements as generational roadmaps 
  • How culture shift impacts generational wealth  
  • How having a “beginner’s mind” can help when building a family’s future 
  • Easy ways to involve later generations in the family’s wealth 
  • And more!

Listen today to find out the role of the second and third generations when handling and passing down family revenue!

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael Parise | Creating and Building a 100-Year Family Vision (Part One)

 


BluBrry Feature Image

Episode 49 – Creating and Building a 100-Year Family Vision – Part 1



There’s no greater satisfaction than knowing and seeing that the wealth you built is passing down through the generations correctly.

Would you agree?

In part one of this two-part mini-series, John and Michael Parise explain everything you need to know about correctly handling multigenerational wealth. They highlight the importance of being aligned on the family financial strategy, no matter what generation you are.

In this episode, you will learn:

  • John’s take on what the “shirtsleeves to shirtsleeves in three generations” proverb means
  • How generations one, two, and three have taken care of family wealth historically 
  • John and Michael’s insight on generational leadership
  • The importance of being responsible with your wealth
  • And more!

Tune in to find out how family values, adaptation, and communication can influence the establishment of a multigenerational wealth vision! 

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael Parise | Thomas J. Stanley’s The Millionaire Next Door | James Grubman’s Strangers In Paradise


BluBrry Feature Image

Episode 48 – A Trip Around Italy Examining Wine – With Guest Tim O’Rourke



On this leg of our Wine Adventure, we take a look at the Italian region! 

In this episode, John and Michael Parise sit down with Tim O’Rourke to identify the wines that come out of Italy, what sets these wines apart from the rest and how you can choose an Italian wine that pairs with your meal.  

In this episode, you will learn:

  • What wines come out of the different regions of Italy 
  • How you can find quality wines for quality prices 
  • Tools that you can use to find the wine you are looking for 
  • What you can do to find your wine preference  
  • What Italian wines pair with what meals
  • And more!

Tune in now to add some information to your knowledge on wine and how you can find one that suits you! 

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael Parise 


BluBrry Feature Image

Episode 47 – A Deep Dive into The French Wine Industry – With Guest Tim O’Rourke



France is one of the world’s largest producers of wine, and is the source of many grape varieties such as Cabernet Sauvignon, Chardonnay, Sauvignon blanc, and Pinot noir. 

In this episode, John and Michael Parise sit down with wine investor Tim O’Rourke to examine what sets France apart as a producer of wine and how wine can be a multi-generational business, as well as tips for wine collecting and storage. 

In this episode, you will learn:

  • How and where Cabernet Sauvignon was initially created 
  • Why winemaking is a “freelance” creation that depends on the winemaker 
  • Tim’s take on what determines the cost of wine bottles 
  • Winemaking as a multi-generational business
  • The importance of being “temperature consistent” when storing wines 
  • And more!

From France to the rest of the world, tune in to find out everything you need to know about the evolution of French wine and champagne! 

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael Parise 


BluBrry Feature Image

Episode 46 – Measuring Risk In A Family Wealth Plan



To what extent have you involved and taught your family about risk calculation? 

In this episode, John and Michael Parise explain the importance of communicating and involving your family in wealth plan risk calculation. They highlight the different risks you and your family should ALWAYS consider when it comes to generational wealth planning. 

In this episode, you will learn:

  • Must-have tax considerations when stepping out of the market 
  • How emotions can impact the amount of risk an individual is willing to take on
  • How Copper Beech Financial Group prepares clients for potential business risk 
  • The importance of communication when it comes to assessing family risk
  • And more!

Tune in as John and Michael dive deep into family risk assessment while explaining that the more you can preserve in taxes – the more your account value will grow! 

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael Parise 


BluBrry Feature Image

Episode 45 – The Financial and Emotional Components of Legacy Letters



In many cases, legacy letters are the main vessel for transferring financial assets down the generational line. 

In this episode, John and Michael Parise explain the importance of elaborating and involving your family in legacy letters, and highlight the different considerations you should have when you’re prepared to craft your own.  

In this episode, you will learn:

  • John’s take on using legacy letters as a way to be remembered 
  • The difference between the communicational and emotional sides of legacy letters 
  • The difference between a mission statement and a legacy letter   
  • Tips for using legacy letters as tools to involve grandchildren 
  • The role of language in defining a trustee’s authority level 
  • And more!

Listen in as John and Michael define legacy letters as tools to communicate your wishes to future generations!  

Resources: Copper Beech Financial Group | (856) 988-8300 | John Parise | Michael PariseFamily Trusts Book  


BluBrry Feature Image

Episode 44 – Bringing The Next Generation Into The Family Business – Part 2 — With Guest Jeff Savlov



Involving the next generation in your family business can be delicate, and it’s important to have a strategy for approaching the transition. 

In part two of this series, John and Michael Parise, along with guest Jeff Savlov, continue navigating the path of skill development and bringing the younger generation into the family businesses.  

In this episode, you will learn:

  • The age when you should start preparing the next generation for work in the family business
  • What could happen when children aren’t prepared to take over
  • The importance of practicing meritocracy in a family business  
  • In-law family involvement in pre-established family businesses
  • The most important attributes leaders should have
  • And more!

Tune in as John, Michael, and Jeff discuss the considerations you should have when bringing the younger generation into business!

Resources: Copper Beech Financial Group | Jeff Savlov | Blum & Savlov | Part 1


BluBrry Feature Image

Episode 43 – Raising Children in the Context of Family Financial Success



When is it the right time to start having financial conversations with your children?

Today, John and Michael are joined by Jeff Savlov, founder of Blum & Savlov, LLP. Jeff shares his experiences with families educating their children on financial success. He explains why it’s better to begin having conversations regarding financial matters early in the child’s life.

In this episode, you will learn:

  • Why Jeff uses the term ‘Success’ instead of ‘Wealth’
  • How early parents should have conversations with their children regarding financial success
  • Why Jeff believes children are more capable of understanding complex ideas
  • And more!

Tune in now to learn more about having tough financial conversations with your young children!

Resources: Copper Beech Financial Group | (865) 988 -8300 | Blum & Savlov, LLP