What if your dream retirement plan could be derailed by a single overlooked detail? In this episode of Buried in Work, host Adam Zuckerman interviews financial planning expert Gregory Kurinec, founder of Pennant Planning, who shares crucial steps to achieve a secure and fulfilling retirement. Gregory, a Certified Financial Planner (CFP) with years of experience in retirement and estate planning, guides listeners through everything from setting impactful retirement goals and managing assets to tax-saving strategies, Medicare choices, and preparing an estate that aligns with your values. This episode is a must-listen for anyone wanting to simplify complex financial topics and protect their legacy. Gregory also discusses his nonprofit, Gene's Journey for Hope, which supports families affected by cancer, adding a heartfelt perspective on community support.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:

• Starting with Goals: Why clearly defining your retirement goals lays the groundwork for effective financial planning.

• Organizing Assets and Legacy: How taking inventory of your assets and planning your estate can give you and your family peace of mind.

• Retirement Tax Strategies: Insights on Roth conversions, charitable distributions, and tax-efficient tactics to maximize retirement income.

• Medicare Planning: Understand the key differences between Medicare Advantage and original Medicare to ensure you’re covered as you age.

• Reliable Income Streams: Ways to create dependable retirement income using Social Security, annuities, and flexible withdrawal strategies.

𝐀𝐛𝐨𝐮𝐭 𝐆𝐞𝐧𝐞'𝐬 𝐉𝐨𝐮𝐫𝐧𝐞𝐲 𝐟𝐨𝐫 𝐇𝐨𝐩𝐞:

Gregory’s nonprofit, Gene's Journey for Hope, honors his mother’s memory by providing flexible financial support to local families affected by cancer, allowing them to focus on what matters most during tough times. For more information or to donate, visit genesjourneyforhope.org.

Show Links:

• Pennant Planning: To learn more about Gregory's services or to explore retirement planning strategies, visit pennantplanning.com.

• Visit Buried in Work for more episodes and resources at https://buriedinwork.com/

Don’t miss out on future episodes! Subscribe to the Buried in Work podcast to get expert tips and insights from professionals in the estate planning industry.

Are you unknowingly making financial missteps in divorce that could cost you for years to come? In this episode of Buried in Work, host Adam Zuckerman welcomes Jamie Lima, founder of Woodson Wealth Management and Allegiant Divorce Solutions. Jamie shares his journey through a financially and emotionally complex divorce that inspired him to help others avoid common financial pitfalls during divorce. As a Certified Divorce Financial Analyst (CDFA), Jamie explains the critical role of financial analysis in divorce settlements, emphasizing the importance of sound asset division, understanding tax implications, and the value of early financial planning. Jamie provides practical advice on protecting assets, planning for future financial needs, and making empowered decisions in divorce proceedings.

As you listen, you will gain valuable insights into the role of a CDFA, the common financial mistakes in divorces, the impact of financial abuse, and key steps to establish a stable post-divorce financial foundation. This episode offers essential advice for anyone facing divorce or looking to understand its long-term financial implications.

Key Takeaways:

• CDFA vs. CFP: Jamie explains the distinct roles of Certified Divorce Financial Analysts and Certified Financial Planners in managing life-long financial stability and addressing immediate divorce-related needs.

• Financial Abuse Awareness: Jamie discusses common signs of financial control in relationships and how divorce can reveal financial inequities.

• Asset Division and Tax Strategy: Avoiding costly mistakes in asset division, such as overlooking the after-tax value of 401(k)s vs. home equity, is essential for a fair settlement.

• Prenuptial and Postnuptial Agreements: Jamie emphasizes the importance of prenuptial agreements as “marriage insurance” to secure assets and prevent lengthy legal disputes.

• Post-Divorce Estate Planning: Updating beneficiaries, creating a new will, and preparing essential estate documents are vital steps to ensure financial legacy protection.Having a buy-sell agreement is essential for business owners to ensure a smooth transition and avoid potential conflicts.

• Planning for the future and having a succession plan in place provides peace of mind for business owners and their key players.

Show Links:

• Connect with Jamie Lima: Visit Allegiant Divorce Solutions to explore how Jamie’s team can support you during divorce proceedings at https://allegiantds.com/ or head over to Woodson Wealth Management for broader wealth management and financial planning services at https://woodsonwm.com/

• Visit Buried in Work for more episodes and resources at https://buriedinwork.com/

Don’t miss out on future episodes! Subscribe to the Buried in Work podcast to get expert tips and insights from professionals in the estate planning industry.

Is your business truly prepared for the future, or are you unknowingly giving up control of your cash flow? In this eye-opening episode of Buried in Work, host Adam Zuckerman sits down with Tim Yurek, founder and CEO of Tier One Capital, to discuss the critical importance of business succession planning, financial efficiency, and how to take control of your financial future.

With over 35 years of experience in financial consulting, Tim shares practical insights on business succession, key person retention, and how business owners can maximize their cash flow. Through real-world examples and personal stories, Tim explains the power of life insurance policies as financial tools and how understanding cash flow management can help business owners avoid common pitfalls. Whether you’re a small business owner or preparing for estate planning, this episode delivers strategies you can apply today.

Key Takeaways:

• Being in control of your money and cash flow is crucial for financial success.

• Small business owners often struggle with cash flow issues, which can have a negative impact on their health and longevity.

• The five major areas that small business owners need to focus on are taxes, real estate payments, education funding, retirement funding, and major capital purchases.

• Timothy Yurick's four-step strategy for solving cash flow issues involves finding the money, identifying where control of money is being given up, stopping ineffective financial habits, and utilizing cash flow efficiently.

• Examples of how the strategy has helped business owners include extending amortization schedules, borrowing against life insurance cash value, and reallocating funds to solve business planning problems. Over two-thirds of small business owners want to have a succession or exit strategy, but only 17% have a documented plan that has been communicated to all key players.

• Cash flow optimization involves identifying where control is being given up, stopping inefficient use of money, putting money in a place with complete liquidity and control, and borrowing money from oneself and paying interest back to oneself.

• Cash value life insurance can be used as a funding solution for business planning problems and can be leveraged to run and grow a business.

• Business owners should consider getting a business valuation to determine the size of the problem and the cost of the solution for succession or exit planning.

• Having a buy-sell agreement is essential for business owners to ensure a smooth transition and avoid potential conflicts.

• Planning for the future and having a succession plan in place provides peace of mind for business owners and their key players.

Show Links:

• Tier 1 Capital: Visit Tim’s website to learn more about Tim Yurek and his financial strategies at https://tier1capital.com/

• Free Report: Download the “Six Critical Questions for Business Succession” report to start planning for your business’s future here: https://tier1capital.com/special-focus-report/

• Visit Buried in Work for more episodes and resources.

Don’t miss out on future episodes! Subscribe to the Buried in Work podcast to get expert tips and insights from professionals in the estate planning industry.