Tag Archives: Finance

Episode 19 – Life Insurance as an Asset Class



When you consider what your assets are, you might think of belongings such as your car, house, technology, and other valuable possessions. But did you know that your life insurance policy is also an asset?

In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss life insurance and how you can use it as an asset class.

In this episode, you will learn:

  • How life insurance as an asset fits into the tax conversation
  • The differences between life insurance policies and retirement accounts when it comes to accessing funds throughout your life
  • Various case studies that will help you understand how to use life insurance as an asset class
  • What it means to be selfish with your retirement funds and why it’s not recommended
  • And more!

Tune in now to learn about life insurance as an asset class!

Resources:  Copper Beech Financial Group


Episode 18 – Market Talks With Paul Dietrich, Fairfax Global Markets LLC: Part 2



Unless you’ve been living under a rock, you know that China and the U.S. are in the midst of trade negotiations. 

In this episode of The Truth About Wealth Podcast, Paul Dietrich returns to finish the market discussion with John and Michael Parise. Listen in as Paul shares his insights on the agreement — or lack thereof — between China and the U.S.

In this episode, you will learn:

  • About changes from recent trade negotiations between the U.S. and other countries
  • Paul’s thoughts on tariffs between China and the U.S.
  • What it means to be classified as a “currency manipulator”
  • What underlying political effects the trade negotiations may have
  • And more!

Tune in to hear Paul’s opinions and expertise about the impact of trade negotiations between China and the U.S. 

Resources:  Copper Beech Financial Group | Fairfax Global Markets | Paul Dietrich LinkedIn | Episode 21 – Market Talks With Paul Dietrich, Fairfax Global Markets LLC: Part 1


Episode 16 – Private Insurance Structure — With Guest Mark Sims: Part 2



In this episode of The Truth About Wealth Podcast, guest Mark Sims returns to answer more questions about private insurance structure, including how they function across the United States and Puerto Rico.

In this episode, you will learn:

  • The top 10 most popular risks that individuals insure themselves against
  • Reasons for using private insurance structure to protect yourself from catastrophic consequences
  • What the ongoing annual cost of private insurance is for clients
  • The overall benefit of having private insurance for you, your family, and your business
  • And more!

Tune in to hear the second part of Mark Sims’ series on private insurance structure!

Resources:  Copper Beech Financial Group | Captive Alternatives | Episode 15: Private Insurance Structure — With Mark Sims: Part 1


Episode 17 – Market Talks With Paul Dietrich, Fairfax Global Markets LLC: Part 1



In today’s economic landscape, it is important to hear from the experts. 

In this episode of The Truth About Wealth Podcast, John and Michael Parise sit down with Paul Dietrich, Copper Beech’s chief economic analyst and CEO and CIO of Fairfax Global Markets LLC, to discuss the state of the market and what’s to come in the not-so-distant future. 

In this episode, you will learn:

  • Why Paul believes that a recession is coming (and when he predicts it will happen)
  • The indicators in the market to predict the state of the economy
  • How to avoid tax losses using indicators of the state of the market
  • The state of other nations’ markets in comparison to the U.S. market
  • What impact the political landscape has on the economy
  • And more!

Tune into this episode of The Truth About Wealth to hear Paul Dietrich’s insight about the US Stock Market!

Resources:  Copper Beech Financial Group | Fairfax Global Markets | Paul Dietrich LinkedIn | Episode 18 – Market Talks With Paul Dietrich, Fairfax Global Markets LLC: Part 2


Episode 15 – Private Insurance Structure — With Mark Sims: Part 1



Risk management is key, both on the business side and on the personal finance side.

In this episode, John and Michael Parise sit down with guest Mark Sims. Mark discusses his work at Captive Alternatives, specifically his expertise in risk management with private insurance structure within the family office structure.

In this episode, you will learn:

  • Which risk management sectors Mark and the Captive Alternatives team specialize in, specifically within the family office structure
  • Various benefits of the private insurance structure, but why you may not have heard about them before
  • How the private insurance structure compares to more typical insurance policies and the motivation to use a private insurance structure
  • How to access the surplus on a private insurance structure policy
  • And more!

Tune in to learn about Mark Sims’ expertise in private insurance structure as a means of risk management within the family office structure!

Resources:  Copper Beech Financial Group | Captive Alternatives


Episode 14 – 10 Strategies for Estate Planning



For high-income families, estate planning is a critical part of planning for their financial future. However, sometimes the logistics of estate planning can get complicated.

In this episode of The Truth About Wealth Podcast, Michael Parise shares his legal expertise with 10 strategies and ideas for estate planning.

In this episode, you will learn:

  • The importance of finding and retaining key talent for your financial team
  • How to use various trusts in your estate planning to aid in your charitable planning
  • The benefits of using an ESOP to protect your business culture after a sale of the company — and save money in taxes
  • How to use life insurance to benefit long-term cash flow
  • Why you might need to pay a little more to save more in the long-term
  • And more!

Tune into this teaser episode and hear Michael’s introduction to the Copper Beech strategies for estate planning!

Resources:  Copper Beech Financial Group


Episode 13 – 7 Common Objections to Trusts: Part 2



Trusts can be highly beneficial tools for generating and conserving wealth through multiple generations. However, it’s common for individuals and families to have objections to establishing trusts.

In this second part of a two-part series, John and Michael Parise explain — and debunk — some of those common objections and share their expertise on the benefits of trusts.

In this episode, you will learn:

  • How John and Michael educate their clients through family meetings on the usefulness of trusts
  • How trusts can support beneficiaries’ natural desires to be self-sufficient
  • The value of a legacy letter when establishing trusts
  • How to balance wealth preservation with the ability to enjoy family wealth
  • How Michael works with other attorneys to establish flexibility and exit strategies with trustees in documents
  • And more!

Tune in to hear the final four objections to trusts in this episode of The Truth About Wealth Podcast with John and Michael Parise!

Resources:  Copper Beech Financial Group | 7 Common Objections to Trusts: Part 1


Episode 12 – 7 Common Objections to Trusts: Part 1



Trusts are the backbone of estate plans, and yet many families are objecting to having one. What’s going on?

Too often, families believe misconceptions about trusts or feel too intimidated. In this episode, John and Michael Parise explain how they help families overcome seven common objections and discover the truth about trusts.

In this episode, you will learn:

  • What trusts really are, how they work, and why families use them
  • How you can use trusts to protect your assets from lawsuits or creditors
  • Why every family, regardless of their net worth, can use trusts
  • How to simplify trusts to make them work to your advantage
  • How a will compares to a trust in the way that it functions over a longer timeframe
  • And more!

Tune in now to learn the truth about trusts!

Resources:  Copper Beech Financial Group


Episode 11 – Align Your Tribe



A strong team is the backbone of a business. Without cohesive teamwork, a business cannot and will not be successful.

In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss the importance of “aligning your tribe”: working with your family and partners to accomplish the shared goal of building and managing wealth.

In this episode, you will learn:

  • Why the Copper Beech team sometimes acts as family counselors and psychologists as well as financial advisors
  • The importance of determining a designated individual who will take on the financial responsibility with each new generation
  • Which processes Copper Beech uses to build relationships with other advisors who are working with the same family
  • And more!

Check out this episode of The Truth About Wealth Podcast to learn the importance of building a strong team to achieve your goals!

Resources:  Copper Beech Financial Group


Episode 10 – It’s Not What You Make, It’s What You Keep



Do you know what your net rate of return is on your investment portfolio? How much money are you actually taking home at the end of the day?

In this episode, John and Michael Parise discuss the importance of understanding that it’s not about what you make, it’s about what you keep.

In this episode, you will learn:

  • What your financial advisor means when they talk about your “net composite rate of return”
  • Why it’s so important to know the difference between taxable income vs. tax-free income
  • Which investment portfolio fees you might not be aware of
  • How different types of investment income are taxed
  • Why you should meet with your advisor quarterly rather than annually
  • And more!

Tune in and learn how to keep more of your money!

Resources:  Copper Beech Financial Group | “10 Eye-Opening Questions” Whitepaper