The Truth About Wealth
131 episodes - English - Latest episode: 3 months ago - ★★★★★ - 14 ratingsBeing a successful CFO starts with asking yourself questions that will give your family a better life now and for generations to come. In this podcast, financial professionals John and Michael, from Copper Beech Financial Group, guide you through eye-opening questions to help you discover the truth about your wealth.
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Episodes
How to Choose the Right Trustee with David Warren (Ep.75)
February 09, 2022 10:00 - 38 minutes - 52.6 MBWhen estate planning, one of the most difficult decisions is choosing the right trustee for your family. But it doesn’t have to be. In this episode, John and Michael Parise speak with David Warren, J.D., co-founder, and chairman of Bridgeford Trust Company about the challenges of picking the right trustee and/or trust company, and highlights … Read More Read More
74. How to Turn Your Life Insurance into Life Settlement with Aaron Giroux
January 26, 2022 10:00 - 33 minutes - 46 MBDid you know that 87% of life insurance policies never pay a death claim? Are you aware of the options available to you within the settlement space? Life settlements are one of the lesser known planning tools available to those with life insurance policies that they wish to sell. In this episode, John and Michael … Read More Read More
73. 10 Concerns On The Minds of Our Clients — Part 2
January 12, 2022 11:00 - 30 minutes - 55.2 MBWho is going to take care of you into your old age? Do you have your estate planning dealings worked out? In the first part of this two-parter miniseries, John and Michael introduced us to 10 concerns on the minds of their clients. In this episode, they continue the conversation focusing on long-term care planning, … Read More Read More
72. 10 Concerns On The Minds of Our Clients: Part 1
December 29, 2021 22:04 - 32 minutes - 59.2 MBHave you ever wondered what happens if you outlive your money? Is concern about inflation on your mind? Others in your situation are likely thinking about the same thing. In this multi-part series, John and Michael Parise cover 10 concerns on the minds of their clients. In this episode, John and Michael cover market volatility, … Read More Read More
71. Opportunities Available For Gold and Silver Investments With Andy Schectman
December 15, 2021 11:00 - 37 minutes - 69.3 MBPrecious metals like silver and gold can be seen as an investment, but they could also be viewed as a means for wealth preservation. In this episode, John and Michael Parise are once again joined by Andy Schectman, CEO of Miles Franklin Precious Metal Investments. Andy explains the opportunity of a generation that silver is, … Read More Read More
70. The State of Gold and Silver As An Asset Class With Andy Schectman
December 01, 2021 11:00 - 42 minutes - 58.5 MBPrecious metals are more of an obscure asset class, but there is huge value in owning these assets as part of your overall portfolio. In this episode, John and Michael Parise are joined by Andy Schectman, CEO of Miles Franklin Precious Metal Investments. Andy lays out a brief history of the gold and silver industry, … Read More Read More
69. Estate Planning Law Proposals You Should Be Thinking About
November 17, 2021 11:00 - 31 minutes - 43.3 MBThere may be changes to estate planning rules in the near future. If you’re a family that looks for advanced planning, you should be preparing for these changes regardless of whether or not they come to pass. In part two of this two-part series, John and Michael Parise look at potential estate planning changes that … Read More Read More
68. Income Tax Law Proposals You Should Be Thinking About
November 03, 2021 11:00 - 32 minutes - 44.2 MBThere are currently tax law proposals being discussed in Congress that if passed, could have a major impact on taxes. In this episode, John and Michael Parise discuss the most recent tax law proposal put forth by Congress, specifically covering income tax provisions. They emphasize that these are just provisional changes and that they may … Read More Read More
67. Concerns That Are Keeping Everyone Up At Night
October 13, 2021 11:00 - 30 minutes - 42.1 MBThere are a number of questions and concerns that clients ask for clarification about, from inflation, to proposed tax changes, how those will impact their accounts, and more. In this episode, John and Michael Parise have an open discussion about questions they regularly receive from their clients and aim to answer these frequently asked questions. … Read More Read More
66. How To Pick The Right Trustee
September 29, 2021 11:00 - 36 minutes - 49.8 MBOne of the more difficult challenges of estate planning is choosing the right trustee. In this episode, John and Michael Parise aim to help you gain a better understanding of the implications of choosing a trustee and what to consider when making this decision. They look at what makes choosing a trustee so difficult and … Read More Read More
65. What’s Going On With The Markets And Where Are We Heading? With Peter Andersen
September 15, 2021 11:00 - 31 minutes - 43.6 MBJohn and Michael are routinely asked about what’s going on with the markets, with the pandemic and what the expectations are with stocks and bonds and real estate. Today, they look to answer many of these questions. In this episode, John and Michael speak with Peter Andersen, CFA, of Anderson Capital Management. Peter provides some … Read More Read More
64. The World of Private Placement Life Insurance With Edward Gordon
September 01, 2021 11:00 - 33 minutes - 45.6 MBThe potential of tax rates rising understandably has people concerned about their tax planning situations. In this episode, John and Michael are joined by Edward Gordon of Preservation Capital Partners. Ed runs a tax efficient program for private placement life insurance, and he’s here to explain everything about the program. Ed shares a real life … Read More Read More
63. Living A Healthy Lifestyle With Pilates With Amy Jordan, Part Two
August 18, 2021 11:00 - 27 minutes - 37.2 MBThe pandemic has been tough on us all. Amy Jordan returns to share her experience over the past year with cervical cancer, and how her healthy lifestyle ultimately got her through it. In this episode, John and Michael Parise speak once again with Amy Jordan. Amy speaks more about the WundaBar experience, including details about … Read More Read More
62. Living A Healthy Lifestyle With Pilates With Amy Jordan, Part One
August 04, 2021 11:00 - 26 minutes - 36.5 MBEverything in your body is connected—you can’t exercise your body and eat poorly and expect top results. In this episode, John and Michael are joined by Amy Jordan, creator and CEO of WundaBar Pilates. Amy shares her wealth of knowledge about Pilates, how she got into it, and who helped her realize her vision of … Read More Read More
61. The Generational Impact Of The SECURE Act Part Two
July 21, 2021 11:00 - 36 minutes - 50.7 MBA new provision in the SECURE Act requires children that inherit an IRA or a qualified plan to essentially withdraw those funds no later than 10 years after the date of death. How can you ensure that your child gains the most from their inheritance after you are gone? In part two of this series, … Read More Read More
60. The Generational Impact Of The SECURE Act — Part One
July 07, 2021 11:00 - 22 minutes - 31.4 MBA 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 … Read More Read More
59. The Plan For Succession in the Family Business
June 23, 2021 11:00 - 30 minutes - 41.5 MBDo 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 … Read More Read More
Episode 58: Approaching Governance Planning – Part 2 – With Jeff Savlov
June 09, 2021 11:00 - 31 minutes - 71.3 MBBy now, you should be knowing that governance is all about helping families stay organized and guided within their business. But where can you get started? In the second part of this two-part series, John and Michael Parise are joined by returning guest, Blum & Savlov, LLP’s Jeff Savlov. This time, Jeff takes a deep … Read More Read More
Episode 57: Governance at an Enterprising Family Level – With Jeff Savlov
May 26, 2021 11:00 - 27 minutes - 62.6 MBFamily governance refers to the structures and processes families use to organize themselves and guide their relationship with their enterprise. In the first part of this two-part series, Jeff Savlov, founder of Blum & Savlov, LLP joins John and Michael Parise to explain the family component of governance. Jeff highlights how families and their businesses … Read More Read More
Episode 56: The Ultimate Episode Guide You MUST Revisit and Listen To
May 12, 2021 11:00 - 30 minutes - 28.9 MBThe Copper Beech team is going back to the classics in this highlight reel episode! In this episode, John and Michael Parise revisit a series of episodes you must listen to in order to help you gain insight to overcome and solve potential concerns about your generational wealth planning. You will learn: The importance of … Read More Read More
Episode 55 – Case Studies: Annuities as Helpful Multi-Generational Planning Tools – Part 2 – With Michael R. Harris, CFP®, ChFC
April 28, 2021 11:00 - 35 minutes - 49.3 MBAnnuities can be hugely beneficial for multi-generational planning, but how do you really go about doing that? What are the technical components of including annuities in your plan? In part two of this two-part series, Mike Harris, senior education advisor at the Alliance for Lifetime Income, once again sits down with John and Michael Parise … Read More Read More
Episode 55: Case Studies: Annuities as Helpful Multi-Generational Planning Tools – Part 2 – With Michael R. Harris, CFP®, ChFC
April 28, 2021 11:00 - 35 minutes - 49.3 MBAnnuities can be hugely beneficial for multi-generational planning, but how do you really go about doing that? What are the technical components of including annuities in your plan? In part two of this two-part series, Mike Harris, senior education advisor at the Alliance for Lifetime Income, once again sits down with John and Michael Parise … Continue reading Episode 55: Case Studies: Annuities as Helpful Multi-Generational Planning Tools – Part 2 – With Michael R. Harris, CFP®, ChFC →
Episode 54 – Annuities as a Helpful Income Planning Tool – With Michael R. Harris, CFP®, ChFC
April 14, 2021 11:00 - 33 minutes - 46.6 MBThe 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 … Read More Read More
Episode 53 – A Discussion on Business And Family Leadership – With Guest Robert Brown
March 17, 2021 11:00 - 31 minutes - 42.9 MBStrong 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 … Read More Read More
Episode 52 – A Deep Dive Into the 1031 Exchange – With Guest Gary Callahan
March 03, 2021 11:00 - 41 minutes - 57.1 MBWhile Section 1031 of the Tax Code provides tax deferral solutions for the nation’s middle-class, it’s also a helpful tool for economic and job growth. In this episode, John and Michael Parise sit down with Gary Callahan, the senior vice president of Inland Securities Corporation. Today, Gary shares his expertise in the 1031 exchange arena. … Read More Read More
Episode 51 – Clarke & Cohen: Yet Another Successful Family Business – With Guest Richard Cohen, SPPA
February 17, 2021 11:00 - 33 minutes - 45.4 MBPennsylvania-based public insurance adjusters firm Clarke & Cohen is a 100-year family business that has already reached the fourth generation. In this episode, John and Michael Parise sit down with public adjuster and the firm’s CEO, Richard Cohen, SPPA. Today, Richard reviews his family and the business journey that’s closely related to the building and … Read More Read More
Episode 50 – How Future Generations Can Maintain Their Family’s 100-Year Vision – Part 2
February 03, 2021 11:00 - 32 minutes - 40.4 MBAre 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. … Read More Read More
Episode 49 – Creating and Building a 100-Year Family Vision – Part 1
January 20, 2021 11:00 - 32 minutes - 44.3 MBThere’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 … Read More Read More
Episode 48 – A Trip Around Italy Examining Wine – With Guest Tim O’Rourke
January 06, 2021 14:30 - 41 minutes - 94.8 MBOn 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 … Read More Read More
Episode 47 – A Deep Dive into The French Wine Industry – With Guest Tim O’Rourke
December 23, 2020 11:00 - 33 minutes - 75.9 MBFrance 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 … Read More Read More
Episode 46 – Measuring Risk In A Family Wealth Plan
December 02, 2020 11:00 - 30 minutes - 41.4 MBTo 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 … Read More Read More
Episode 45 – The Financial and Emotional Components of Legacy Letters
November 13, 2020 13:46 - 33 minutes - 76.2 MBIn 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 … Read More Read More
Episode 44 – Bringing The Next Generation Into The Family Business – Part 2 — With Guest Jeff Savlov
October 28, 2020 10:00 - 32 minutes - 29.8 MBInvolving 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 … Read More Read More
Episode 43 – Raising Children in the Context of Family Financial Success
October 21, 2020 10:00 - 31 minutes - 32.4 MBWhen 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 … Read More Read More
Episode 42 – Intentionally Defective Grantor Trust Planning in 2020
September 30, 2020 10:00 - 30 minutes - 28.6 MBAn intentionally defective grantor trust is an estate-planning tool used to freeze certain assets of an individual for estate-tax purposes. What makes 2020 the perfect time to take advantage of this type of trust? In this episode, John and Michael Parise dive right into the benefits of intentionally defective grantor trusts and why the best … Read More Read More
Episode 41 – Planning For Special Needs Adults – With Guest Mike Byrne
September 09, 2020 10:00 - 29 minutes - 68.6 MBSpecial needs planning is critical for families in ensuring children and adults with special needs are protected. In this episode, John and Michael Parise speak with Michael Byrne, a partner at Lighthouse Planning Consultants. Mike addresses many of the misconceptions surrounding families with a dependent adult with special needs, like SSI eligibility and ABLE accounts. … Read More Read More
Episode 40 – Special Needs Planning And The Issue Of Guardianship
August 26, 2020 13:00 - 31 minutes - 35.2 MBGuardianship is a huge part of special needs planning, as it takes into account what happens to a child if the parents pass away. Finding the right person to care for a special needs child is not necessarily easy. John and Michael Parise explore the topic of special needs planning for families. John explains his … Read More Read More
Episode 39 – The Alternative Investment World Of Collectible Coins – With Guest Keith Jacobsen
August 12, 2020 13:00 - 35 minutes - 80.8 MBCollectible coins are an excellent way to build your investment portfolio, or they could be an asset you pass down to the next generation. John and Michael Parise speak with Keith Jacobsen, founder of the International Coin Alliance. Keith introduces us to the investment world of collectible coins, sharing some of his stories over his … Read More Read More
Episode 38 – Premium Financing Of Life Insurance Policies – With Guest Darren Sugiyama
July 29, 2020 13:00 - 43 minutes - 100 MBPremium financing is a strategic way to build wealth over time, but it does come with its risks. In today’s episode of The Truth About Wealth Podcast, Michael is joined by Darren Sugiyama, author and Managing Partner for Lionsmark Capital. Darren examines premium financing, its benefits, the requirements needed to qualify, and more. In this … Read More Read More
Episode 37: When Planning Doesn’t Go as Planned
July 15, 2020 13:00 - 29 minutes - 30.9 MBAt Copper Beech Financial Group, we typically establish long-term relationships with clients and families, but our platform isn’t necessarily the right fit for every family. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss a hypothetical example of an estate plan that did not work out and cover the various … Continue reading Episode 37: When Planning Doesn’t Go as Planned →
Episode 37 – When Planning Doesn’t Go as Planned
July 15, 2020 13:00 - 29 minutes - 30.9 MBAt Copper Beech Financial Group, we typically establish long-term relationships with clients and families, but our platform isn’t necessarily the right fit for every family. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss a hypothetical example of an estate plan that did not work out and cover the various … Read More Read More
Episode 36: Charitable Lead Annuity Trust – With Derek Myron
July 01, 2020 13:00 - 34 minutes - 78.3 MBWhat 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 … Continue reading Episode 36: Charitable Lead Annuity Trust – With Derek Myron →
Episode 36 – Charitable Lead Annuity Trust – With Derek Myron
July 01, 2020 13:00 - 34 minutes - 78.3 MBWhat 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 … Read More Read More
Episode 35 – Managing Family Businesses
June 17, 2020 13:00 - 34 minutes - 78.1 MBDo 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 … Read More Read More
Episode 35: Managing Family Businesses
June 17, 2020 13:00 - 34 minutes - 78.1 MBDo 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 … Continue reading Episode 35: Managing Family Businesses →
Episode 34 – Expand Your Wine Palette and Start Your Collection –– With Tim O’Rourke
June 03, 2020 13:00 - 38 minutes - 87.4 MBHave 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 … Read More Read More
Episode 33 – The Importance of Creating a Business Succession Plan
May 20, 2020 23:50 - 27 minutes - 63.2 MBHaving 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 … Read More Read More
Episode 32: Impact Investing — with Christopher Vroman and Dr. Laura Fenster Rothchild
May 06, 2020 13:00 - 31 minutes - 72.6 MBOrganizations 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, … Continue reading Episode 32: Impact Investing — with Christopher Vroman and Dr. Laura Fenster Rothchild →
Episode 32 – Impact Investing — with Christopher Vroman and Dr. Laura Fenster Rothchild
May 06, 2020 13:00 - 31 minutes - 72.6 MBOrganizations 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, … Read More Read More
Episode 32: Impact Investing — with Christopher Roman and Dr. Laura Fenster Rothchild
May 06, 2020 13:00 - 31 minutes - 72.6 MBOrganizations 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 Roman and Dr. Laura Fenster Rothschild of Emmett Partners to discuss impact investing, and how organizations are transitioning to the practice. In this episode, … Continue reading Episode 32: Impact Investing — with Christopher Roman and Dr. Laura Fenster Rothchild →