Traditional retirement plans focus on three parts: Pension, Social Security and assets. Now clients require an alternative as retirement income options are changing.
In this episode, John Mints is joined by Jeremy Pillow, Senior Associate with Biltmore Financial, to discuss Social Security and why clients’ retirement plans require strategies beyond one source of income. They explore examples of Social Security reliance failing and how they have helped clients find modern strategies.
John and Jeremy discuss:
The problem with Social Security in future retirement plans
Strategies to optimize Social Security
Complications that arise from relying solely on Social Security
Alternative ways to generate income outside of Social Security
As a Senior Associate of the Biltmore Financial Services Team, Jeremy Pillow drives much of the planning and follow up involved in the client advisory process. Areas of focus include net-worth management, asset protection, estate strategies, education planning, and tax-advantaged strategies. He also helps retirees plan for consistent and predictable streams of income. In addition, Jeremy is constantly finding ways for the team to best utilize technology in an effort to make the planning process as clear and simple for clients as possible.
1 in 4 families in Texas doesn’t receive enough food on a daily basis, yet many are too embarrassed to seek help from food banks.
In this episode, John Mints speaks with Lisa Richardson, the CEO of Harvesting In Mansfield Ministry Center, Inc. about her work providing groceries and nutrition to people in need. She also discusses the growth and value of her business philosophy, the reach of Harvesting to other counties in Texas, and shares some recent stories of families she has helped.
How she helps folks in need with groceries and nutrition
Why it’s harder for people to return the second time than it is to go the first time
Why her business philosophy and growth in reach are valuable to the community
How rising food costs have created new challenges for families and H.I.M.
A few recent stories of the families they have helped
Lisa Richardson is the CEO of Harvesting International Ministry Center, Inc. She grew up in Mansfield, where her family still resides and was a graduate of Mansfield High School.
Lisa has 17 years of non-profit/grant writing experience and 25 years of experience in the corporate government contracting industry. Operations, fundraising and community outreach are her strong suits and will help The HIM Center continue to impact the community.
Lisa has been married for 30 years to her amazing husband, Stewart, and they have one son, Tyler who is in the criminal justice field.
Have you made your 2023 New Year’s resolutions yet? If you’re approaching retirement or are already retired, one of your resolutions should be to protect your assets.
In this episode, John Mints emphasizes the importance of taking the time to protect your finances, investments, and ultimately, your lifestyle in retirement. He compares the current market to previous years and provides some insights on why you want to focus on protecting right now.
Why investors, pre-retirees, and retirees need to protect right now
Why some people wait so long to protect their finances
Examples of how you can protect your investments and finances
How to decide if you should be protecting your assets right now
Taxes are on everyone’s mind these days. One of Biltmore Financial’s three core pillars is tax planning and management, and we have a secret to share about it.
In this episode, John shares the details about the one-of-a-kind tax planning and tax management software Biltmore Financial uses to serve their clients. He explains how this technology is helping their clients potentially save money in tax dollars.
What this tax planning software is, what it does, and how it’s used to benefit clients
How the tax planning tool has helped build trust with clients
The type of technology this software uses to ensure the accuracy of data
What safety measures are in place to protect clients’ confidential information
Francis Kafor, a former Texas Registered Professional Appraiser (RPA) is one of our lead commercial specialists. He is a real property valuation expert with several years of diverse experience in ad valorem mass appraisal, property tax consulting, tax research, and valuation. His specialized knowledge and multi-state experience cover a wide range of industries and property types.
The new Inflation Reduction Act of 2022 comes as a promise to reduce the high inflation that the country is currently experiencing.
However, do we know if this bill could achieve its intended objectives?
In this episode, John Mints outlines the new Inflation Reduction Act and why it could significantly raise taxes and potentially have no effect on controlling inflation. In addition, he stresses the importance of being prepared for tax increases, especially during retirement.
A summary of the Inflation Reduction Act bill and how much it could affect inflation
Why consumer spending is not slowing down despite high inflation
Why everyone might have to be prepared for a tax raise
What baby boomers could do to avoid excess taxation and running out of money in retirement
Inflation is affecting almost everything in our lives, especially for those retiring soon.
For those facing retirement, inflation can cause a huge impact on your retirement savings with every percentage increase. In this episode, John Mints continues his discussion on the top 10 questions you should ask your advisor. Bringing these questions to your advisor’s attention can hopefully find alternative strategies to help save more during this recession.
An update on the current markets
The dramatic effect inflation can have on the potential erosion of your retirement
Strategies to help you win even when the markets are down or sideways