Tag: Finance

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The Hidden World of the U.S. Mint with David J. Ryder (Ep. 113)

The Hidden World of the U.S. Mint with David J. Ryder (Ep. 113)

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Ever wondered about the journey of the coins in your pocket?

This week on The Truth About Wealth, John and Michael Parise from Copper Beech Financial Group dive into this fascinating world with David J. Ryder, who served as the U.S. Mint Director under two different presidents. 

From his early days on Wall Street to modernizing the U.S. Mint, David shares valuable insights into the world of coinage and physical currency.

Key topics covered in the episode include:

  • David’s unique career path and the rigorous process for becoming Mint Director
  • An inside look at the operations of the self-funded U.S. Mint, which contributed over $550 million to the general fund in David’s last year
  • David’s contributions to coin collecting and educational initiatives for the youth
  • The enduring value of physical currency despite digital advancements
  • An exclusive discount code for purchasing coins on GovMint.com
  • And more!

Resources:

Connect with David J. Ryder:

Connect with John and Michael Parise:

About Our Guest: 

David J. Ryder, the 34th and 39th Director of the U.S. Mint. Starting on Wall Street and joining Ronald Reagan’s campaign, David has served under two presidential administrations. Under his leadership, the self-funded Mint contributed over $550 million to the U.S. general fund and launched innovative programs that energized coin collectors of all ages. In addition to being a passionate educator and creator of programs targeting young coin collectors, David remains a vocal advocate for the importance of physical currency in our digital age.

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Taking The Plunge To Build Generational Wealth — The Next Phase of Copper Beech with Chris Ruffino (Ep. 112)

Taking The Plunge To Build Generational Wealth — The Next Phase of Copper Beech with Chris Ruffino (Ep. 112)

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What if your financial advisor cared about the next three generations of your family?

In this episode, Copper Beech’s newest advisor, Chris Ruffino, sits down with hosts John and Michael Parise to answer this pivotal question. Together, they illuminate the multidimensional, generational approach that Copper Beech takes towards financial planning.

John, Michael, and Chris discuss:

  • The Copper Beech Approach: A holistic focus on all aspects of financial planning
  • What you should know about Copper Beech Next Gen and the company’s approach to extending its services to a broader demographic
  • How Copper Beech aims for long-term relationships to adjust and optimize their client’s financial strategies as their life evolves
  • How thoroughness and attention to detail sets the firm apart from other financial advisors
  • Ways the company plans to expand its holistic planning approach to families of all shapes and sizes, recognizing the universal need for such services
  • And more!

Connect with Chris Ruffino:

Connect with John and Michael Parise:

About Our Guest: 

Chris Ruffino brings over two decades of financial expertise and a personalized, holistic approach to financial planning. Chris values family, long-term client relationships, and educating clients for generational impact. Starting at Merrill Lynch in 2003, Chris honed his client-centric approach at Lockwood Advisors and Legg Mason, emphasizing aligned interests and disciplined investing. His insights promise valuable takeaways for anyone looking to improve their financial future.

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Wine Not Three-Peat? Bordeaux Unveiled with the Return of Tim O’Rourke (Ep. 111)

Wine Not Three-Peat? Bordeaux Unveiled with the Return of Tim O’Rourke (Ep. 111)

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Just as true wealth is more than money, the beauty of Bordeaux goes beyond the bottle. 

In this episode, John and Michael Parise welcome back guest Tim O’Rourke (for the third time!) to navigate the captivating world of Bordeaux wines. Listen in as they dive into the history, production, and unique characteristics that make Bordeaux wines stand out on the global stage.

John, Michael, and Tim discuss:

  • The Bordeaux region’s history and its incredible 7,000 wineries
  • The distinction between the left and right bank wines and their unique soil compositions
  • Factors that contribute to Bordeaux’s fame: sun exposure, soil, and climate
  • Differences between Bordeaux and Californian winemaking, focusing on drip farming
  • Exclusive wine-tasting experiences the team at Copper Beech offers to their clients
  • Recommendations for beginners looking to explore Bordeaux wines
  • And more!

Resources:

Connect with Tim O’Rourke:

Connect with John and Michael Parise:

About Our Guest:

Tim O’Rourke established FinServ Consulting & Recruiting with the mission to be an advocates for the retail investment services industry.

Tim is an industry expert in the recruiting arena, including regulatory compliance, the transition process, business structures, various related contracts, negotiating financial packages, and the evaluation of independent broker-dealers and investment advisory custodians. He was formerly Senior Vice President of FSC Securities Corporation in Atlanta, Georgia, and Raymond James Financial Services, Inc. in St. Petersburg, Florida, with prior retail sales experience for a total of over 27 years of industry experience.

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Learn How To Allocate Your Assets To Meet Goals (Ep.83)

Learn How To Allocate Your Assets To Meet Goals (Ep.83)

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Do you know what to do when the markets are saturated?

A good idea is to reallocate your assets to protect your investment portfolio.

This week, John and Michael Parise go back to basics with a conversation on asset classes. They categorize them while explaining what to do with them, what to expect from them, and how to protect them.

John and Michael discuss:

  • How CDs work
  • What are the pros and cons of bonds
  • Stock investing and when you should buy into the market
  • Real estate as a wealth-producing asset
  • The truth about investing in gold, silver, and commodities to balance out stresses in the market
  • And more!

Resources:

Connect with John and Michael:

 



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Looking into Future Economic Trends (Ep. 82)

Looking into Future Economic Trends (Ep. 82)

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Right now interest rates and inflation are higher than most of us have ever seen.

The market is changing and in the next 18 to 24 month it will look different than the slow rise that we have been used to seeing in the past 12 years.

In this episode of The Truth About Wealth, John and Michael are joined by Christian Hyldahl, a financial professional at Varium Investments who has been in the financial business for 30 years, to discuss what the economic trends will look like in the next short future.

John, Michael, and Christian discuss:

  • Christian’s thoughts on who is to blame for inflation
  • Advice for retirees facing an inflated market
  • The influence that the fed has had on the market
  • What might happen in response to the inflated market
  • And more

Connect with Christian Hyldahl:

Connect with John and Michael:

 

 

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60. The Generational Impact Of The SECURE Act — Part One

60. The Generational Impact Of The SECURE Act — Part One

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A recent provision to the SECURE Act could have major implications on how qualified plans, including your IRA, 401(k) and 403(b), are inherited by your children. It’s important that you understand the ramifications of this provision in order to protect your wealth.

In this episode, John and Michael Parise discuss these new provisions of the SECURE Act. They reveal the problems you could face if you don’t prepare properly and the importance of taking future generations into consideration when you’re developing your plan.

John and Michael discuss:

  • What the SECURE Act is and how new provisions may impact your plan
  • How to recognize when you may have a problem with your plans—and how to fix it
  • How your children could be taxed if you don’t take the SECURE Act into account
  • And more!

Connect with Copper Beech:

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59. The Plan For Succession in the Family Business

59. The Plan For Succession in the Family Business

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Do you have a succession plan in place for your family business? 

In this episode, Michael Parise shares his personal experience with succession planning as the second generation within his family business. He reveals the importance of communication between generations when developing your business succession plan, and how the expectations of each generation can shape the future of your business.

Michael discusses:

  • How you can create a sustainable succession plan that will keep your business intact through the generations
  • How the expectations of each generation impacts the succession planning process
  • Why you need to have open communication between generations in your planning
  • The benefit of working with outside sources and experts when creating a plan for your family business
  • And more

Discover what you need to create a sustainable succession plan with Michael Parise!

Resources:

Copper Beech Financial Group: (856) 988-8300 | John Parise | Michael Parise | Investedge | Episode 57

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

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

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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

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

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

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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

 

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

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

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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)