Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1. Talking points: The Role of Mazal, or luck, in Personal Finance.

2. This week’s quote is from Charlie Munger on what it takes to be successful.

3. Can you describe your approach to investing?

4. I’d like to go to an NBA game and sit courtside. I can afford to do that for the Nets (Knicks tickets are way out of my price range). It would be the equivalent of like two months worth of discretionary spending for me. Should I do it?

5. Warren Buffet said to put 90% of one’s assets in the S&P 500 and the rest in Treasuries. Should I liquidate all my investments and do that?

6. My uncle started his business by taking out credit card debt. He is now one of the wealthiest people in his community. Given the possibilities, would you ever be OK with someone taking out credit card debt to fuel growth in your business?

7. What amount of money do you think is optimal to shoot for where you don’t need to work, but won’t be hounded by charities asking you to make big donations?

8. Timely & Actionable Idea: Don’t underestimate the required annual income in order to maintain your lifestyle.

***UPCOMING LIVE WEBINAR: On Thursday, June 5th @ 8:30am on the topic “Understanding Pass-Through Entity Taxation” featuring Angelika Herburger and Russell Ephraim both from CBIZ Advisors based in New York City. Register here: https://us02web.zoom.us/webinar/register/WN_CIBY7Q0UTu6TqhG9W2_KrQ ***

Stay connected:

1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

This week, we will go IN FOCUS where we cover more advanced wealth planning topics.

Today, we are joined by Timothy Noonan a Partner at the law firm Hodgson Russ based in Buffalo and New York City. Tim will be discussing “Hot Topics in NY Tax Audits and Enforcement.”

While lots of questions remain at the federal level about what will happen with tax enforcement, there is no question that the New York State Department of Taxation and Finance has not skipped a step. The state is as aggressive as ever, and is stepping-up enforcement in all areas, including personal taxes and residency, sales taxes, and corporate taxes. In this episode, Tim will review the latest hot topics in the New York tax area and give a quick overview of new tax legislation that will be enacted as part of the state’s 2025 budget.

***UPCOMING LIVE WEBINAR: On Tuesday, May 20th @ 8:30am (New York time) featuring John S. Kiely of the law firm McDermott Will & Emery based in New York City. John will be speaking on “The IRS Issues Final Regulations on Gifts and Bequests from Covered Expatriates.” Register here: https://us02web.zoom.us/webinar/register/WN_7qt36Oc3TGGJ9i4ZpwpvtA ***

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to Jonathan@ParkBridgeWealth.com

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1. Talking points: Taking out credit card debt to pay for a wedding.

2. This week’s quote is discusses how to measure real wealth.

3. What's the difference between an investment banker and what you do?

4. How do I convince a family member who is living paycheck to paycheck, but spends money like a drunken sailor, to be more sensible with their money?

5. Why do the rich get richer, and the poor always get poorer in this country?

6. How much does the way you grow up impact your relationship with money?

7. Is curbside check-in a worthwhile financial outlay?

8. Timely & Actionable Idea: Having more control, does not necessarily lead to better performance

***UPCOMING LIVE WEBINAR: On Thursday, May 8th @ 8:30am (New York time) featuring Timothy Noonan, a Partner at Hodgson Russ LLP based in Buffalo, NY will be speaking on “Hot Topics in NY Tax Audits and Enforcement.”

Register here: https://us02web.zoom.us/webinar/register/WN_sFsNmWyqSSqHxjNq9pXcew ***

Stay connected:

1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

This week, we will go IN FOCUS where we cover more advanced wealth planning topics.

Today, we are joined by Brian Balduzzi and Lisa Presser both from the law firm Faegre Drinker Biddle & Reath based in Philadelphia and Princeton, NJ . Brian and Lisa will be discussing “5 Over-Looked Estate Planning Tips to Consider for 2025.”

Given the potential sunset of the Tax Cuts and Jobs Act or a repeal of the federal estate and generation-skipping transfer tax, this program will discuss some estate planning topics that may have been missed or overlooked by advisors and clients. These over-looked tips in estate planning include life insurance planning, broad limited powers of appointment, QTIP-able trusts, GRATs, and more.

***UPCOMING LIVE WEBINAR: On Thursday, May 8th @ 8:30am (New York time) featuring Timothy Noonan, a Partner at Hodgson Russ LLP based in Buffalo, NY will be speaking on “Hot Topics in NY Tax Audits and Enforcement.”

Register here: https://us02web.zoom.us/webinar/register/WN_sFsNmWyqSSqHxjNq9pXcew ***

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to Jonathan@ParkBridgeWealth.com

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1. Talking points: Financial Considerations Before Making Aliyah

2. This week’s quote is from Epictetus

3. Should I be concerned that the S&P 500 is so concentrated in a few stocks?

4. Does it make sense to fully fund 529 accounts for each of my kids?

5. Should I buy Bitcoin now? I’m afraid I missed the boat by not buying it before.

6. I was told to set up a SLAT for asset protection reasons. I’m a do it yourself type of guy, so how would you recommend setting this up myself and not hiring a lawyer?

7. What are your thoughts on how to avoid the additional IRMAA payments if my income keeps rising?

8. Timely & Actionable Idea: Concentrated investments can make you rich but may not keep you rich.

***UPCOMING LIVE WEBINAR*** On THURSDAY, April 24th at 8:30am (EST) featuring, Brian Balduzzi and Lisa Presser both from law firm Faegre Drinker Biddle & Reath. Brian and Lisa will be speaking on “5 Over-Looked Estate Planning Tips to Consider for 2025.”

Register here: https://us02web.zoom.us/webinar/register/WN_FPIpD4oASHO-pW6MKtYxFA ***

Stay connected:

1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1. Talking points: The Passover Paradox

2. This week’s quote is from Christopher Columbus

3. Should I diversify my investments out of just the S&P 500 or just keep it in that fund given the high returns?

4. Do you have a minimum account size?

5. Do you think encouraging a child to work in high school to make money is essential to have a positive financial trajectory or should they just be focused on doing well in school and extracurricular activities?

6. I was listening to Bloomberg and the commentator said that the S&P 500 was “unched” for the day. What does that mean?

7. Timely & Actionable Idea: 6 Tactical Moves to Make In A Bear Market

***UPCOMING LIVE WEBINAR*** On THURSDAY, April 24th at 8:30am (EST) featuring, Brian Balduzzi and Lisa Presser both from law firm Faegre Drinker Biddle & Reath. Brian and Lisa will be speaking on “5 Over-Looked Estate Planning Tips to Consider for 2025.”

Register here: https://us02web.zoom.us/webinar/register/WN_FPIpD4oASHO-pW6MKtYxFA ***

Stay connected:

1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1. Talking points: Investing Superpowers

2. This week’s quote is from Confucius and George Carlin

3. Should I invest an S&P 500 fund or a Robo Advisor?

4. I’m applying to work in the wealth management industry. What are your thoughts on the big firm training programs vs starting at an independent firm, trust company, etc.?

5. Is there any consideration that should be given to how much one should hold inside a single brokerage account?

6. I’m retiring to Israel and want to buy a place there, but it would require me to put down 50% of my nest egg. Should I do it?

7. My kid just started making money babysitting. Do you think I should insist that they donate 10% to charity and save 20% for their future in order to instill good financial habits?

8. Timely & Actionable Idea: The merit and drawbacks of concentrated investment positions.

***UPCOMING LIVE WEBINAR*** On THURSDAY, April 24th at 8:30am (EST) featuring, Brian Balduzzi and Lisa Presser both from law firm Faegre Drinker Biddle & Reath. Brian and Lisa will be speaking on “5 Over-Looked Estate Planning Tips to Consider for 2025.”

Register here: https://us02web.zoom.us/webinar/register/WN_FPIpD4oASHO-pW6MKtYxFA ***

Stay connected:

1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

Today, we will go IN FOCUS where we cover more advanced wealth planning topics.

In this week’s show, Jonathan Shenkman will share my thoughts on “Common Mistakes Wealthy Families Make With Their Money (and Strategies to Avoid Them).”

In this episode, Jonathan Shenkman will explore how an individual’s approach to managing their personal finances is shaped by a myriad of influences. These may include one’s upbringing, community, social circles, and religious beliefs. Another, often overlooked, factor is one’s level of wealth. For ultra-high-net-worth families, financial planning techniques and their relationship with money may differ. Jonathan will review these mistakes/misconceptions from years of working with high-net-worth families. He will also offer practical ideas on how to overcome these hurdles to success.

***UPCOMING LIVE WEBINAR*** On THURSDAY, April 24th at 8:30am (EST) featuring, Brian Balduzzi and Lisa Presser both from law firm Faegre Drinker Biddle & Reath. Brian and Lisa will be speaking on “5 Over-Looked Estate Planning Tips to Consider for 2025.”

Register here: https://us02web.zoom.us/webinar/register/WN_FPIpD4oASHO-pW6MKtYxFA ***

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to Jonathan@ParkBridgeWealth.com

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.