Best Advice Podcast Guys

Welcome to the Best Advice Podcast, where hosts Rob Lovaglio, Dave Allen, and Frank Lovaglio break down complex financial topics into digestible bites. In this episode, they dive into the recent changes in state and local taxes, as well as updates on estate taxes. Discover how these changes might affect you and learn strategies to navigate them effectively. Get insights on making your life insurance policies non-taxable and explore planning strategies for your estate. Join the discussion from Frank's renovated living room for an engaging and informative conversation.

If you've invested company stock in your 401k, you need to hear about Net Unrealized Appreciation (NUA). In this episode of the Best Advice Podcast, host Rob Lovaglio and Senior Advisor Daniel Courson unveil the tax-saving power of NUA. Learn how this strategy allows you to transfer company stock from your 401k to a brokerage account, minimizing taxes by paying ordinary income tax on the original investment and capital gains tax on the profits.
Join us as we break down a real-life example that saved a client over $76,500 in taxes. We'll guide you through the steps involved and discuss the pros and cons of adopting the NUA strategy. Discover the potential pitfalls and why this approach might not be suitable for everyone.
Whether you're planning your retirement or exploring investment strategies, this episode is a must-listen for insightful guidance on how to manage company stocks in your 401k effectively.

Join Best of Bucks Podcast host Rob Lovaglio and Senior Advisor Daniel Corson as they dive into strategic charitable giving using Donor Advised Funds (DAFs). Discover how you can maximize tax benefits, avoid the year-end rush, and maintain the flexibility to support your chosen charities over time. Whether you’re donating appreciated stock, cash, or cryptocurrency, learn how to make your wealth work for good while keeping control of your contributions. Perfect for those wanting to give back generously and smartly, all on their schedule.

In this episode of the Best Advice Podcast, host Rob Lovaglio and managing partner Michael Allen explore how to protect retirement income during market crashes by using strategies employed by the wealthy. They discuss the bucket strategy, a method that nearly 90% of retirees use for a stress-free approach to market downturns.
Michael shares his weekend adventure on a Missouri farm, where he helped manage cattle with his brother-in-law, Wayne, and a minimalist farmer named Steve. This experience highlights the importance of guiding financial decisions just as one guides cattle, using a solid plan and professional advice.
The episode answers a listener's question on whether there are more strategies beyond simply "riding out the market downturn" and emphasizes the significance of having a diverse approach to investments to mitigate risks. Tune in for insights on financial planning and the importance of having guardrails to navigate turbulent market conditions.
 
🤝 Get Personalized Financial Guidance: 📌 Learn about the SFM process: https://www.sfmadvisorgroup.com/ 📌 Schedule a consultation with our award-winning team 👉 https://go.oncehub.com/SecurityFinanc...

In this episode of the Best Advice Podcast, hosts Rob Lovaglio and Sylvia Lenaris-Williams delve into the newly announced Trump savings account, a groundbreaking initiative providing every child born in the U.S. with a $1,000 government-funded investment. Discover how this plan, combined with family contributions and compound interest, has the potential to impact your child's financial future significantly.
The episode provides a detailed comparison between the Trump savings account and traditional 529 plans, examining their tax treatment, flexibility, and benefits. With insights on new tax credits and incentives, listeners will learn how to leverage these opportunities to maximize their savings and investments.

In this episode of the Best Advice Podcast, host Rob Lovaglio and Senior Advisor Steven Young explore the complexities of retirement planning.
They discuss the potential pitfalls of relying on the traditional 4% withdrawal rule when not working with a professional team, as well as the impact of market downturns.
With a focus on healthcare inflation and sequence of returns risk, the episode offers insight into strategically navigating financial challenges in retirement. Tune in to learn how to safeguard your retirement funds and understand the meticulous approach needed for a secure financial future.

Welcome to the latest episode of Best Advice Podcast, brought to you by Security Financial Management. Hosted by Rob Lovaglio and featuring insights from Mitchell Walk.
This episode dives into the intricacies of Required Minimum Distributions (RMDs) and how they impact retirees. At age 73, retirees need to start withdrawing from their tax-deferred IRAs, but what if you don't need the money yet?
Explore strategic options, such as charitable donations, to manage these mandatory withdrawals effectively. Tune in for expert advice to navigate your retirement funds wisely and avoid potential tax penalties.
 
🤝 Get Personalized Financial Guidance: 📌 Learn about the SFM process: https://www.sfmadvisorgroup.com/ 📌 Schedule a consultation with our award-winning team 👉 https://go.oncehub.com/SecurityFinanc...
 

In this episode of the Best Advice Podcast, host Rob Lovaglio welcomes Dr. Pat McGreevy, a pioneering figure in applied behavior analysis and special education. Dr. Pat shares his inspirational journey from being a public school teacher for children with severe disabilities in the 1960s to creating a revolutionary curriculum, Essential for Living. Starting as a teacher determined to find better educational methods for children with the most severe disabilities, Dr. Pat's lifelong dedication led to significant advancements in teaching skills that truly impact the lives of those with disabilities.
Through his personal and professional narratives, Dr. Pat discusses the significance of teaching functional skills over academic skills for children who may never read or write but can learn essential life skills such as communication through alternative methods. His book, Essential for Living, offers a unique curriculum designed specifically for individuals with moderate to severe disabilities, emphasizing skills that enhance everyday living and quality of life.
This episode is not only a discussion on special education but also includes Dr. Pat's personal story, including his experiences as a parent to a child with Down syndrome. He shares heartfelt insights into the challenges and rewards of his work and personal life dedicated to improving the lives of individuals with disabilities.

In this eye-opening episode of Best Advice Podcast, hosts Rob Lovaglio, Dave Allen, and Mitch Allen, from Security Financial Management, dive deep into advanced strategies for managing highly appreciated stocks. Learn how to safeguard your stock positions with options like collars, enhance your income through covered calls, and explore the benefits of direct indexing. Tune in to gain insights that could protect your investments and optimize returns, while underscoring the importance of having skilled professionals at your side for these sophisticated strategies.
Listener question from Casey in Lake Nona sparks an engaging discussion on effective ways to handle stocks with a low cost basis and high potential tax liability. Whether you're an experienced investor or just looking for ways to manage your portfolio better, this episode is packed with valuable advice and recommendations.

In this episode of the Best Advice Podcast, join host Rob Lovaglio and the founders of Security Financial Management, Frank Lovaglio and Dave Allen, as they discuss how to stay calm and make informed financial decisions during volatile market periods. They share insights on setting up a portfolio that aligns with your personality and risk tolerance, the importance of staying invested, and why avoiding emotional moves in the market is crucial for financial success. Tune in to learn how to navigate market ups and downs with confidence.