Tag Archives: financial loopholes

The Fate of Social Security and Planning Secrets with Jeremy Pillow (Ep. 32)

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
  • And more!

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About our Guest:

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.

Harvesting in Mansfield’s Mission to Help Families in Need with Lisa Richardson (Ep. 31)

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.

Lisa discusses:

  • 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
  • And more!


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Connect with Lisa Richardson:

About our Guest:

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.

2023’s New Years Resolution: Protect My Retirement (Ep. 29)

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.

John discusses:

  • 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
  • And more!


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Tax Planning in Retirement Made Easy (Ep. 28)

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.

John discusses:

  • 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
  • And more!

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The Secret to Avoid Overpaying Your Property Taxes With Francis Kafor (Ep. 27)

Did you know you can appeal the property tax assessment from the county appraisal district? Many property owners don’t.

As a result, they end up overpaying in property taxes.

In this episode, John Mints speaks with Francis Kafor, property tax consultant at Texas Tax Protest, about the process of filing a protest for your property taxes.

Francis discusses:

  • Why there is nothing to lose even if you protest your property tax every year
  • The benefits of seeking professional help instead of protesting taxes on your own
  • What sets Texas Tax Protest apart from other tax consulting firms
  • How business personal property (BPP) owners can avoid paying a 10% penalty
  • And more!


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Connect with Francis Kafor:

About our guest:

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.

A Review of The Inflation Reduction Act of 2022 (Ep. 26)

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.

John discusses:

  • 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  
  • And more!


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Top 10 Questions You Should Be Asking Your Advisor Right Now, Part 3 (Ep. 25)

Have you heard that inflation can ruin your retirement plans?

Curious as to how that can happen?

In this final installment of Top 10 Questions You Should Be Asking Your Advisor Right Now, John Mints adds two bonus questions that can help you learn a lot more about your financial advisor. 

Inflation is still increasing so those who are retiring or looking to create a guaranteed income to hedge against inflation should look into finding the right financial advisor for them.

Don’t miss out on your opportunity to protect yourself from inflation so that your retirement plan is not at jeopardy. 

John discusses:

  • The new 40 year record high for inflation
  • The common denominator for the previous three recessions
  • How inflation ruins your retirement plans
  • Protecting yourself against inflation
  • And more!


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Top 10 Questions You Should Be Asking Your Advisor Right Now, Part 2 (Ep. 24)

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.

John discusses:

  • 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
  • Is inflation finally slowing down?
  • And more!


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A Roth on Steroids, Part Two (Ep. 21)

Investing in a Roth is a great way to save on taxes, but it often comes with a number of handcuffs that limit the amount you can contribute.

But what if there was a way to invest that would give you most of the benefits of a Roth without the limitations?

In this episode, John Mints continues his discussion about a “Roth on Steroids”. He shares the key points that you should know before getting started to ensure it works for you and your specific situation. 

John discusses:

  • How long it typically takes for this structure to become efficient
  • Who are the best candidates for this type of tax-free structure
  • The difference between a Roth and a Roth on Steroids
  • How to start creating your own capital source
  • And more!

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A Roth on Steroids, Part One (Ep. 20)

There is an age-old secret that professionals such as doctors, dentists, chiropractors, and many others are surprised to learn about, especially those in a higher tax bracket.

In this episode, John Mints talks about one of his favorite topics: tax-free savings and accumulation. Learn about his secret to tax-free gains that he calls a “Roth on Steroids.” With a potential increase in inflation and interest rates, there is no better time than now to start accumulating your wealth tax-free.

John discusses:

  • His age-old tax saving secret
  • How to start your Roth on steroids
  • What the rise of interest rates will do to your investments
  • Why you may not want to put all your eggs in one basket in terms of savings vehicles
  • And more!

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