The Truth About Wealth - podcast cover

The Truth About Wealth

John Parise and Michael Parisethetruthaboutwealth.blubrry.net
Being 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

Episode 47 – A Deep Dive into The French Wine Industry – With Guest Tim O’Rourke

France 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

Dec 23, 202033 min

Episode 46 – Measuring Risk In A Family Wealth Plan

To 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...

Dec 02, 202030 min

Episode 45 – The Financial and Emotional Components of Legacy Letters

In 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...

Nov 13, 202033 min

Episode 44 – Bringing The Next Generation Into The Family Business – Part 2 — With Guest Jeff Savlov

Involving 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...

Oct 28, 202032 min

Episode 43 – Raising Children in the Context of Family Financial Success

When 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...

Oct 21, 202032 min

Episode 42 – Intentionally Defective Grantor Trust Planning in 2020

An 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...

Sep 30, 202031 min

Episode 41 – Planning For Special Needs Adults – With Guest Mike Byrne

Special 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...

Sep 09, 202030 min

Episode 40 – Special Needs Planning And The Issue Of Guardianship

Guardianship 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

Aug 26, 202031 min

Episode 38 – Premium Financing Of Life Insurance Policies – With Guest Darren Sugiyama

Premium 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...

Jul 29, 202044 min

Episode 37 – When Planning Doesn’t Go as Planned

At 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

Jul 15, 202029 min

Episode 36 – Charitable Lead Annuity Trust – With Derek Myron

What 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

Jul 01, 202034 min

Episode 35 – Managing Family Businesses

Do 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

Jun 17, 202034 min

Episode 33 – The Importance of Creating a Business Succession Plan

Having 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

May 20, 202028 min

Episode 32 – Impact Investing — with Christopher Vroman and Dr. Laura Fenster Rothchild

Organizations 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...

May 06, 202032 min

Episode 31 – Your Common Concerns Answered

Likely, when it comes to your wealth, you have some questions and concerns about longevity through generations. We’re here to help. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss common concerns they hear from families, and share how they approach these situations. In this episode, you will learn: How … Read More Read More

Apr 22, 202032 min

Episode 30 – A Family Mission Statement is Key for Your Legacy

Family mission statements are one of the most important parts of our clients’ financial legacies. In this episode of The Truth About Wealth Podcast, John Parise tackles the subject of family mission statements, and why they are the key to your legacy. In this episode, you will learn: How the Copper Beech team approaches these … Read More Read More

Apr 08, 202033 min

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 … Read More Read More

Mar 25, 202028 min

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 … Read More Read More...

Mar 18, 202030 min

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 … Read More Read More

Mar 04, 202037 min

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 … Read More Read More

Feb 12, 202032 min

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 … Read More Read More

Jan 29, 202031 min

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 … Read More Read More

Jan 15, 202031 min

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 … Read More Read More

Dec 30, 201935 min

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 … Read More Read More

Dec 18, 201933 min

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 … Read More Read More

Dec 04, 201941 min

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: … Read More Read More...

Nov 20, 201934 min

Episode 19 – Life Insurance as an Asset Class

When you consider what your assets are, you might think of belongings such as your car, house, technology, and other valuable possessions. But did you know that your life insurance policy is also an asset? In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss life insurance and how you can … Read More Read More

Nov 06, 201931 min

Episode 18 – Market Talks With Paul Dietrich, Fairfax Global Markets LLC: Part 2

Unless you’ve been living under a rock, you know that China and the U.S. are in the midst of trade negotiations. In this episode of The Truth About Wealth Podcast, Paul Dietrich returns to finish the market discussion with John and Michael Parise. Listen in as Paul shares his insights on the agreement — or … Read More Read More

Oct 23, 201930 min
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