CFP Snake Draft - Tax Planning
This week The BIF Crew continues their snake daft of the CFP topics, tackling Adam's main wheelhouse of Tax.
Sep 15, 2023•43 min
BIF Bites
The BIF Bites podcast covers topics that are important to anyone that wants to better understand the financial services industry.
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Episodes
Let's Build a Marketing Machine w/ Olivia Luper
Olivia Luper stops by to talk marketing for Financial Advisors. We learned a lot in this episode. What strategies work best? What content are clients looking for? How do we convert prospects into full-fledged clients? Listen in and learn from a true marketing guru.
Sep 07, 2023•54 min
Anxiety & Success: A Complex Relationship (w/ Dr. Jennifer Serlin)
Jerry and Adam consider the "performance mindset" with psychologist Dr. Jennifer Serlin. How should we think about success in the workplace? How can we best manage inevitable career stress?
Sep 01, 2023•58 min
Dollars & Sense w/ Financial Therapist Nathan Astle
Jerry and Adam discuss the growing field of financial therapy with Nathan Astle. Big (and sometimes even small) financial decisions can take an unanticipated emotional toll. A good advisor knows when and how to put on the therapy hat and help their clients navigate the decision, or, place a call to a Financial Therapist for additional support. Listen in for some helpful tips and stick around for a super-nerdy, roundtable Lord of the Rings discussion!
Aug 25, 2023•57 min
CFP Snake Draft - Investment Planning
Jerry, Mike and Adam continue their fantasy draft of the CFP exam topics. Tempers flare over some controversial choices and the commissioner is called in to settle the dispute.
Aug 18, 2023•48 min
CFP Snake Draft - Insurance Planning
It's draft week! Who gets the best sleeper pick? Which BIF Crew member needs a Draft Pick Insurance Policy? Listen in to find out. Round 2 starts now. Enjoy!
Aug 11, 2023•42 min
Is F.I.R.E. Still Possible in 2023? (w/ guest Chris Mamula)
This week Jerry and Adam sit down with author and financial planner Chris Mamula to talk about the F.I.R.E way of life (Financial Independence, Retire Early). Chris talks about his journey to retire at the ripe old age of 41 and how you can too.
Aug 04, 2023•53 min
CFP Snake Draft - General Principles of Financial Planning
Fantasy Draft + CFP Topic List. Does it make sense? No, not really. Was it fun? Yes, absolutely. Listen in as Mike, Adam and Jerry draft the CFP topics from the General Principles domain that they think are most important. 3 rounds, 9 picks, and the first overall pick in this year's draft is...
Jul 28, 2023•36 min
Choosing the right tax entity for your business
In this episode, Jerry and Adam discuss the 5 ways to structure a business for tax reporting. Sole Proprietorship, LLC, Partnership, S Corp and C Corps. They talk about the pros and cons of each, and how to choose the correct one for a client in the CFP exam.
Jul 21, 2023•41 min
Starting line in the sunshine state w/ Robin Snell, CFP®
This week Jerry and Adam sit down with Robin Snell, CFP® to discuss the process behind setting up her brand new RIA firm - Nested Financial. Robin tells the story of how she started on the financial planning path and how she made the jump from working in a big box broker dealer’s office to running her own firm. This episode also serves as a guide for any advisors considering making the jump to becoming an independent advisor.
Jul 14, 2023•39 min
An oldie but a goodie: Our conversation with CFP® Board's John Loper
This week we revisit an early BIF Bites episode that feels particularly relevant again with the July Exam looming ahead on the horizon. We hope you enjoy!
Jun 30, 2023•1 hr 2 min
Love, Grief, & Finances w/ Daniel Kopp, CFP®, MA, MS
Jerry and Adam connect with Daniel Kopp, CFP®, MA, MS, founder of Wise Stewardship Financial Planning. The conversation explores Daniel's unique experience building and operating a financial practice that focuses on military families and widows.
Jun 23, 2023•49 min
Estate Planning For Everyone
Jerry and Adam discuss estate planning for the common man. We cover a few simple planning steps that will save loved ones from a world of headaches.
Jun 16, 2023•31 min
The light at the end of the CFP® tunnel w/ Jeff Sussman, CFP®
Jerry sits down with his former student, Jeff Sussman, CFP®, to talk about what life is like with the marks. Jeff has now been a CFP® Professional for 18 months. He shares how the marks have enabled him to better help clients, grow his business, and earn recognition from colleagues.
Jun 09, 2023•23 min
Home Is Where The Heart Is
Jerry and Adam discuss the trials and tribulations of helping clients buy a home in the current market. Jerry shares his experience of shopping for a home from both a buyer's perspective and also a CFP’s perspective.
Jun 02, 2023•41 min
Triple S (Spousal Social Security)
Jerry and Mike cover the complexities of claiming spousal benefits for social security. Listen in for the do's, the don’ts, and the everything in between.
May 26, 2023•28 min
Adam Helps a Listener Understand The Business Tax Gauntlet
A listener recently requested we cover the business tax gauntlet that is IRC Sections 1231, 1245, and 1250. Adam steps up to help. Do you have a topic request? Let us know!
May 19, 2023•18 min
Battle Royale: Adam & Jerry vs. ChatGPT
The BIF Crew put ChatGPT to the test with tough questions: “Can you pass the CFP® exam?” “Do you plan on taking financial professional’s jobs?” “Which risk-adjusted performance measurement should be used when the Beta statistic is unreliable?” “Are you related to HAL 2000?” Tune in for a ‘no holds barred’ CFP v. AI BATTLE ROYALE!
May 12, 2023•42 min
I See… Uninsured People
Got an uninsured client? Need an overview of the 3 pillars of life insurance? Mike and Jerry are here to break down the basics on term, whole, and universal life insurance policies. Plus, they serve up a contrarian view on the old “buy term & invest the rest” rule of thumb.
May 05, 2023•52 min
One, Two, Buckle My Shoe
Financial planning is all about sequencing. The ability to place a set of competing goals and needs in order is a key skill for planners to develop. Is adequate life insurance coverage more important than a fully-funded emergency fund? Should you fund a 529 or purchase extra long-term disability insurance coverage? How does having kids change your financial priorities? In this week’s episode, Jerry and Adam chat about the correct order of importance for these financial planning goals and several...
Apr 28, 2023•41 min
The Need-to-Know on SECURE Act 2.0
Fellow Financial Professionals, have no fear. Mike and Jerry are here (as always) to run through SECURE Act 2.0 provisions going into effect in 2023 ONLY. We cover the new RMD age and new exceptions to early withdrawal penalties as well as a couple of new tax credits that could benefit your clients.
Apr 21, 2023•38 min
Relationships, Divorces, & Taxes... It's Complicated
How do you file if your spouse is sleeping on the couch? Better yet, what if the couch sleeper is you ex? What filing status do you go with if you currently have your divorce attorney on speed dial? Or if you think your spouse is actively committing fraud? Adam and Jerry tackle some doozies on this episode. Listen in. It's a fun one!
Apr 14, 2023•31 min
Breaking the Bank
Jerry and Brendan sit down to discuss the recent collapse of SVB and the resulting banking crises. The two dig into how increasing rates and bond duration led to the collapse of the bank and tie it all back to how these lessons can be applied to the CFP exam.
Apr 07, 2023•26 min
Gene's Path to CFP Exam Success
In this episode, Jerry sits down with BIF grad Gene Witt to discuss his recent success on the CFP Exam. They cover the process of requesting additional accommodations from CFP Board as well as study tips and tricks for students with a wide range of learning disabilities.
Apr 03, 2023•33 min
Enrolled Agents, Represent!
Adam takes a deep dive into the world of Enrolled Agents. He explains why the designation is important, who its suited for, and how it can be used to better serve your clients.
Mar 21, 2023•28 min
Social Security... "Mike, can I retire yet?"
In this episode, Mike and Jerry sit down to talk about the Social Security Trinity: the three things every advisor must consider when helping a client decide when to start taking social security.
Feb 28, 2023•30 min
When should constructive receipt be used?
In this episode Adam and Jerry sit down to talk about constructive receipt and how it can impact your taxes in everything from running a small business, to setting up an estate trust.
Jan 27, 2023•22 min
The Nitty-Gritty on Inherited IRAs w/ Adam & Mike
The Nitty-Gritty on Inherited IRAs w/ Adam & Mike by Boston Institute of Finance
Dec 17, 2022•24 min
Corralling Squirrels w/ Cody Garrett + A New Scholarship for BIF/Bryant CFP Education!
Adam sits down with Cody Garrett to discuss the often over-looked, but truly critical information gathering stage of the financial planning process. Cody's a big believer in the power of "genuine" curiosity. We explain how a well-informed question has the power to strengthen your relationship with a new client. Very Exciting News: Measure Twice Planners and The Boston Institute of Finance have created a new scholarship opportunity for BIF/Bryant CFP Education! Learn more and apply: measuretwicep...
Nov 23, 2022•54 min
Inflation Adjusted Tax Numbers You Need to Know
In this episode of BIF Bites, Adam and Jerry sit down to chat about the annual inflation adjustments to the IRS tax code. How these changes impact clients and the important discussions to have with them is covered. Find out what numbers are going up and what numbers are staying the same, and most importantly what that means for the CFP exam. The BIF Bites podcast covers topics that are important to those seeking CFP® certification and really anyone that wants to better understand the financial s...
Nov 21, 2022•40 min
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