Tag Archives: Michael Parise

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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


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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


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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


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Episode 26 – Is Your Estate Plan Public or Private?



Is your estate plan private or public? Do you even know what type of plan you have?

In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss estate plans, why they are typically in the public domain, and how to avoid a public process.

In this episode, you will learn:

  • Why estate plans are public from a legal standpoint
  • The issues you have to address with changing your legal documents
  • How to avoid the probate process
  • How courts may look at public estate plan challenges in certain situations
  • And more!

Tune in for tips about privatizing your estate plan!

Resources  Copper Beech Financial Group | 10 Eye-Opening Questions to Protect Your Wealth


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Episode 25 – What is Estate Equalization?



It’s possible that you’re familiar with estate equalization, even if you’ve never heard of it until now. 

In this episode of The Truth About Wealth Podcast, John and Michael Parise explain why it’s important to discuss estate equalization during your family meetings. This is a must-listen conversation for parents of blended families, business owners, and anyone who is looking for guidance on how to split their estate. 

In this episode, you will learn:

  • Why “equal” doesn’t necessarily mean splitting your estate evenly
  • Why it’s important to include your children and grandchildren in the conversation
  • How different assets may be weighted in determining equality
  • Why emotions should be kept out of the decision-making process
  • And more!

Tune in to learn John and Michael’s guidelines for approaching estate equalization.

Resources:  Copper Beech Financial Group | Episode 8: The Importance of Family Meetings


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Episode 24 – Case Study: Charitable Planning



For so many high-income families, charitable giving is an important part of their financial plan. But what does it mean to include charitable giving to help you meet your own financial goals?

In this episode of The Truth About Wealth Podcast, John and Michael Parise share a case study about a family who included charitable planning in their financial plan. Listen in as they share valuable information about using charitable planning as a mutually beneficial financial option.

In this episode, you will learn:

  • How to use charitable giving to avoid paying estate tax
  • How this charitable giving can help to keep your family close
  • Why it’s critical to keep your team of advisors in the loop about your plans
  • How to use a family foundation to donate to various charities
  • And more!

Tune in today to hear this case study from John and Michael about charitable giving!

Resources:  Copper Beech Financial Group


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Episode 23 – Qualified Opportunity Zone Funds Updates — With Brandon Hughes



Changes to tax laws made in 2017 saw an increase in qualified opportunity zone funds, and these are starting to have an impact on our clients. 

In this episode of The Truth About Wealth Podcast, John and Michael Parise speak with Brandon Hughes of Peachtree Hotel Group about qualified opportunity zone funds and how they may impact your taxes. 

In this episode, you will learn:

  • Why time may be of the essence to invest in a qualified opportunity zone fund
  • Which avenues you may have access to for saving money in taxes
  • Why Brandon’s experience in the hospitality sector makes him especially qualified to discuss qualified opportunity zone funds
  • How the markets impact the funds
  • And more!

Tune in to learn about changes in tax laws, including how you can use qualified opportunity zone funds to save money in taxes. 

Resources:  Copper Beech Financial Group | Peachtree Hotel Group | Brandon Hughes


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Episode 22 – Buy-Sell Agreements Can Save You Millions



When it comes to buying and selling, it’s critical that you understand the difference between public and privately held companies. While there is a readily available market for public ownership, buying and selling within a private partnership or company can be a bit more complicated. 

In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss why buy-sell agreements are so important and what you must know about them.

In this episode, you will learn:

  • What the common triggers are for buying and selling in a privately-held company
  • How business structure may impact your buy-sell agreements
  • Why you should account for capital gains taxes in these documents
  • Why a “wait and see” strategy can be beneficial
  • And more!

Tune in now to learn about the importance of buy-sell agreements!

Resources:  Copper Beech Financial Group


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Episode 21 — Doing Well By Doing Good With ESOPs — With Rick Jaye, AIF®, CRC®



Exit planning is a major part of owning a business. And for many business owners, creating a plan that helps them do good by rewarding the employees that have helped them become successful is incredibly attractive.

Today, John and Michael Parise welcome Rick Jaye of Business Transition Advisors to explore the world of ESOPs. Rick breaks down all the benefits ESOPs can bring to a business and how they can be used to benefit not only a business but also its employees.

In this episode, you will learn:

  • What an ESOP is
  • How ESOPs compare to three other business exit strategies
  • Why ESOPs are so valuable for employers
  • The importance of a business’ cash flow when considering an ESOP
  • The unique tax benefits ESOPs offer
  • And more!

Join John, Michael, and Rick now and consider whether an ESOP is a suitable option for you and your business!

Resources:  Copper Beech Financial Group | Business Transition Advisors | Capstone Headwaters 

 


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Episode 20 – Turn Your Philanthropy Into a Generational Project



There are many reasons to include philanthropic practices in your family’s overall financial plan. 

In this episode, John and Michael Parise discuss the basics of philanthropic planning for families, including how families can work together to choose charities and how this plan should fit into your generational wealth strategy. 

In this episode, you will learn:

  • How philanthropic practices will impact your taxes
  • Why the generational aspect of financial planning will impact your philanthropy
  • Ways to involve children in philanthropic planning and how they benefit from this project
  • How you can retain the value of some of the assets you plan on giving to charity
  • And more!

Tune in and learn about the basics of philanthropic giving!

Resources:  Copper Beech Financial Group