Transferring or inheriting wealth is not as simple as something like “Venmo”. It should require a strategic wealth transfer plan. Let’s learn how to make one. Ryan Poterack is exploring the intricate world of inheritance and legacy planning with Certified Financial Planner, Alec Quaid. The discussion skillfully navigates the emotionally charged landscape of receiving an …
The saying “time is money” is very applicable to the concept of compound interest. What is it and how does this interest accumulate? Ryan Poterack and Alec Quaid discuss the power of compound interest and the necessity of patience for effective wealth accumulation–also known as “how to get rich slow.” They go over strategies for …
It’s time to interview your new financial advisor. What questions do you ask, and how do you know they’re the right fit for you? Ryan Poterack and Alec Quaid discuss the critical role of personal values in financial planning, emphasizing a holistic approach to retirement that includes lifestyle goals alongside financial strategies. They highlight the …
You’ve got your finance guy or gal who manages your investments, but is that truly all they do? It’s time for Ryan Poterack and Alec Quaid from Poterack Capital Advisory to discuss holistic wealth management, stressing the need to understand your unique values and life goals. The conversation covers the importance of comprehensive financial planning …
Do you plan on donating money to your favorite charities? First, let’s understand the tax implications so you can maximize your charitable impact. In this release, Ryan Poterack discusses the nuances of charitable giving. He describes the strategies like qualified charitable distributions and donor-advised funds, and the benefits of donating appreciated assets. Ryan is eager …
401(k)s are so much more than just a retirement savings account. They should be seen as your key to the future. In this release, Ryan Poterack dives deeper into the intricacies of 401(k) retirement accounts. He covers the benefits, such as employer matches, and limitations, like penalties for early withdrawal and limited investment options. The …
Not all conversations about money are going to be comfortable, especially the conversation about what happens to your assets after you pass away. This week, Ryan Poterack discusses the value of having conversations about money and estate planning early on in life. Ryan highlights the emotional aspects of these discussions and the role of a …
“How much and how do you get paid?” This can be an uncomfortable question to ask your current or prospective financial advisor. This week, Ryan Poterack discusses the importance of transparency in how financial advisors are compensated today. Ryan also explains different payment methods, such as commissions and fees, while emphasizing the need for this …
We’ve talked about the good, the bad, and the limitations of traditional 401(k)s. Now, we’re tackling the process of turning that traditional IRA into a Roth IRA. What does it take to do a Roth conversion, and is it right for you? In this episode, Ryan Poterack discusses the benefits and process of converting a …
“Your eyes are bigger than your belly.” Have you heard this saying? (You eat too much of something good and end up feeling not-so-good afterward!) Now, let’s apply it to our finances. Can we have too much money? How much is enough for retirement? In this episode, Ryan Poterack discusses the purpose of money, focusing …