Rising tuition costs leave many families searching for the “perfect” savings vehicle, but there isn’t one. The key is balancing tax benefits, penalties, and optionality while keeping long-term growth in mind.
Join Dan Paikin and Robert Schlesinger as they explore the importance of saving consistently, weighing the pros and cons of 529 plans, and keeping accounts flexible for real-life outcomes.
Discover how various savings tools affect financial aid, when options like taxable accounts or life insurance loans may be smarter choices, and why scholarships and vocational paths should remain key considerations in any plan.
Key takeaways include:
Why savings habits matter more than timing markets or chasing returns
The benefits and limitations of 529 plans, including the Roth rollover provision and penalties
Alternative strategies such as taxable accounts, life insurance borrowing, and HELOCs
How account ownership (529, Coverdell, UTMA/UGMA) impacts financial aid formulas
The role of scholarships, vocational programs, and children contributing to their own education
Alternative investments like private credit and private equity are no longer reserved for the ultra-wealthy. They’re increasingly accessible and relevant to everyday investors.
In this episode, Dan Paikin and Robert Schlesinger are joined by Frank Russomano, Vice President at Blue Owl Capital, to break down the growing appeal of private placements. The conversation explores how private credit compares to traditional bonds, how private equity fits into a diversified plan, and why more investors are incorporating these options into their portfolios.
Frank discusses:
What private placements are, including the differences between private credit and private equity
Why more companies are choosing to remain private longer and how that shift is driving opportunities for investors
The accessibility of private investments today, including what it means to be an accredited investor
The risks and benefits of private credit, especially in contrast to public fixed income and equity markets
Blue Owl’s approach to direct lending, their structure for individual investors, and what sets them apart from institutional-first competitors
Frank Russomano is a Vice President at Blue Owl Capital, where he focuses on private credit and delivering investment strategies tailored to income generation and downside protection. With a background in alternative investments and a commitment to financial education, Frank works closely with advisors and investors to help integrate institutional-quality solutions into individual portfolios.
We’re re-sharing one of our most popular episodes! If you missed it the first time, now’s your chance to catch up. Navigating the realm of life insurance can be a daunting challenge – from selecting the most fitting type for your plan to decide whether it’s a necessity at all. However, its role in your financial portfolio is far from insignificant.
In a compelling discussion, Daniel Paikin and Robert Schlesinger team up with Craig Katz, their partner at Tempus Financial Group, to unravel the intricacies of life insurance. This insightful conversation delves deep into why life insurance is a pivotal component of your financial puzzle, dissecting various types, including term and permanent policies.
Daniel, Robert and Craig discuss:
Why is life insurance important in financial planning
How do you calculate the amount of life insurance needed
What are the types of life insurance, specifically term insurance and permanent life insurance
Why is it important to integrate life insurance into a broader financial plan
Craig believes in taking both an offensive and defensive approach to developing and protecting wealth. He helps his clients build maximum wealth potential while simultaneously protecting against major facets of life such as taxes, inflation, lawsuits, death and disability.
Craig has been in the financial services industry since 1997, beginning as an analyst with JP Morgan Chase. From there he spent a few years as an equity trader where the lack of intimate and long-standing client relationships led him to move to the personal planning side of finance. He joined Strategies for Wealth, an affiliate of Tempus Financial Group in 2004.
Understanding the mechanics of financial legislation and advocacy can help families and businesses grow.
How do advocacy groups influence legislation? What’s the impact of financial policies on individuals and businesses?
In this episode of The Tempus Podcast, Dan Paikin and Robert Schlesinger host Jennifer Fox, Vice President of Federal Affairs at Finseca. Jen talks about her work advocating for sound financial policies, explaining her dual role of educating lawmakers and supporting financial professionals, while offering insights into current tax and legislative trends.
Jen discusses:
The mission of Finseca in advancing financial security for all through advocacy and policy creation
The role of lobbyists in informing and guiding lawmakers on financial topics like taxes and retirement policies
The evolving political environment in Washington, including its influence on financial regulations and tax legislation
The impact of legislative changes, including estate taxes and business tax deductions, on individuals and businesses
The importance of bipartisan cooperation for lasting and effective legislative outcomes
In her role as Vice President of Federal Affairs, Jennifer leads Finseca’s lobbying initiatives, advocating for policies that support the financial security profession. She educates policymakers and their staff on the importance of comprehensive financial planning, encompassing life insurance, retirement planning, and investments, to serve clients effectively.
Jen led Finseca’s political advocacy initiatives, which included the Ambassador Program, fly-ins, and political fundraising, including Finseca’s PAC. She is committed to assisting members in becoming politically involved and empowering them to share their stories. Jen has spent time at the White House and Capitol Hill, which has helped shape her knowledge of small business, technology, labor, and tax issues. She also serves as the President of The Advocacy Association. Jen was recognized by The Salute to Association Excellence as a Leading Association Lobbyist, an award that recognizes individuals who have demonstrated exceptional skill, effectiveness, and dedication in advocating on behalf of their organization and its members.
An alumna of George Washington University, Jen lives in Washington, D.C., with her husband, Jon, and their Chow-Chow, Coco.
Join Robert Schlesinger and Dan Paikin on this insightful edition of The Tempus Podcast as they dive into the concept of legacy with special guest Ronald S. Rosbruch, CLU®, ChFC®.
Ron shares his journey from teaching in Brooklyn to building a successful financial planning firm and reflects on the lasting impact one can have through their actions and values.
In this episode, Ron talks about:
The powerful “Seven Times Why” exercise
Shifting from teacher to financial expert
Defining what it means to be a “class act”
Ron’s influence on future generations through mentorship
Ronald S. Rosbruch, CLU®, ChFC® is Partner Emeritus of Strategies for Wealth.
Strategies for Wealth, a leading agency of the Guardian Life Insurance Company of America, represents a unique approach to financial services with an emphasis on wealth creation and protection for families and businesses. As President of the 81-year-old firm, Ron and more than 180 associates have helped thousands of clients significantly increase their wealth, control their assets and maximize their ability to enjoy their life.
Under Ron’s leadership, the Firm has led Guardian in core product sales for the last 12+ years. The Firm has won the President’s Cup Award for the best overall performance in production, recruiting, agent development, training and persistence sixteen times and has been the recipient of the Medallion Platinum Award in 2005, 2006, 2008, and 2009. In addition, the Firm has been one of Guardian’s Platinum Agencies since 1998 and has won the National Life Insurance Award since 2000. The Firm has also received the Guardian Quality Agency Award thirteen times (1985, 1988, 1996, 1998-2002, 2004-2006, 2008 and 2009) and the Productive Growth Award (since its inception) in 2009.
The firm’s retention rate is over 70%.
Ron and his firm are proud supporters of several charities in the tri-state area. The firm hosts an Annual Golf Outing that has raised over $1 million over the past 12 years for the Children’s Hospital at Westchester Medical Center. The Firm also supports Melanoma Research at the NYU Cancer Institute. They are also involved in New York Cares Day Winter Adaptive Games for New York City Children with Disabilities and in Connecticut’s Special Olympics Golf Tournament. Ron has been honored by CAPP (The Child Abuse Prevention Program), an organization active in protecting the lives and rights of children. He also served as Chairman of the Board for CAPP. He has been a supporter of the life insurance division of UJA & Israel Bonds, the Jewish Federation of Greater Middlesex County and served on the Board of Directors of the East Brunswick Jewish Center. Ron has been honored by UJA and with ADL’s Torch of Liberty Award.
Ron was raised in Brooklyn, New York and earned his Bachelor of Arts from Brooklyn College. He has two daughters, three grandsons and one granddaughter!
Life unfolds in stages, each with unique challenges and joys.
Understanding and embracing these transitions can deepen your appreciation for family, career, and finances.
How do our priorities shift as we grow? What lessons shape the way we approach the future?
In this episode, Dan Paikin and Robert Schlesinger discuss life’s phases with Michael Silverman, reflecting on family, parenting, and financial wisdom across generations. Their candid insights reveal timeless truths about personal growth and planning.
They discuss:
Understanding family dynamics at different life stages and their evolving significance
Reflections on parenting, including the joys and trials across the spectrum from toddlers to teens to adults
The importance of financial habits, such as saving early and balancing life’s immediate and long-term needs
Strategies for imparting financial literacy to children and preparing them for independence
Overcoming financial fears and learning to manage priorities, debts, and unexpected events
Michael, President & CEO of Silver Lining Insurance Agency, Inc., is responsible for new business development, as well as client relations and sales. He is a committed advisor and helps our clients make educated choices on what product or service best suits their wants. Over the years, his practical experience and proactive approach have allowed him to advise both individuals and businesses on how to identify and manage their level of risk.
Feeling overwhelmed by retirement planning? You’re not alone. Many people struggle with the complexity and uncertainty of making their savings last.
Daniel Paikin and Rob Schlesinger are joined by seasoned financial advisor Marty Nachemson, a financial advisor at Prosperian Wealth Management, to delve into the intricacies of retirement planning. With over 17 years of experience and a wealth of knowledge, Marty shares invaluable insights on preparing for the long-term financial landscape, addressing common misconceptions, and adapting to unforeseen life changes.
Daniel, Robert and Marty discuss:
What are the major challenges in retirement planning related to increasing longevity and rising costs?
How can uncertainties such as fear, inflation, market volatility, and tax law changes affect retirement?
What are the potential advantages of using a long-term care rider on a life insurance policy compared to traditional long-term care insurance?
Why are appropriate estate documents and planning for health issues critical aspects of a successful retirement plan?
Marty Nachemson is a partner at Prosperian Wealth Management. Marty brings a specialty in holistic financial engineering to his clientele. He utilizes a variety of skills, financial acumen and a diverse portfolio of products and services in order to provide clients with true financial independence. Thorough and innovative, Marty produces measurable returns through a unique macro-economic coordination process, with the goal in mind to increase efficiency of dollars, develop tax saving strategies, along with risk management and control over your finances.
For over three decades, Marty’s communication skills, grasp of economic strategy and desire to serve has brought him a diverse and prolific clientele as well as many industry awards and recognition. Marty is a volunteer for the FISH Organization which is responsible for getting community members to health care professionals they would otherwise not be able to access. The Nachemson family has been a host family for A Better Chance (ABC) program. ABC enables academically gifted children, who live in areas where education is scarce or even dangerous: get a quality education outside of their own communities.
Whole life insurance is old and expensive… or is it?
Robert Schlesinger and Daniel Paken discuss the importance of whole life insurance as a foundational asset in financial planning. They explain the history and mechanics of whole life insurance, highlighting its contractual guarantees and long-standing track record. The hosts emphasize that whole life insurance provides peace of mind and serves as a volatility buffer in retirement, allowing individuals to spend other assets differently.
Daniel and Robert discuss:
How does whole life insurance serve as a foundational asset in financial planning, providing peace of mind and acting as a volatility buffer in retirement?
What are the long-standing contractual guarantees of whole life insurance, and how have they stood the test of time?
What are the common objections to whole life insurance, such as cost and fees, and how should these be evaluated against its value and benefits?
Why is working with a knowledgeable advisor essential when implementing whole life insurance and designing a comprehensive financial plan?
Are you prepared for the financial challenges that come with expanding your family?
Robert Schlesinger and Daniel Paikin are joined by guest Natalie Diaz, a twin parenting expert and bestselling author, to discuss essential financial and legal preparations for expecting parents. They explore the significance of having a comprehensive financial plan, the importance of legal documents like wills and health proxies, and the choices surrounding childcare.
Daniel, Robert and Natalie discuss:
The unexpected challenges of first-time parenting and managing financial risks
Insights on essential legal steps for new parents
Various childcare options and how to decide what’s best for your situation
Real stories highlighting the impact of financial planning from the community
Nat has been the Pied Piper of twin families around the globe since 2009 and fills her days making sure that no parent feels isolated, unsure, or not ready for their journey ahead. As founder of Twiniversity — the world’s leading resource and support network for multiple birth families — Nat’s become a global influencer for this small niche community. Natalie is the world’s #1 twin parenting and twin gear expert, serving as a twin consultant for top brands and worldwide recognized foundations. Natalie is a Certified Lactation Consultant and a Child Passenger Safety Technician. After Nat had her twins in 2004, she was shocked by the lack of resources available to families of multiples. So proudly, in the fall of 2009, Natalie got on a soapbox and started a twin parenting revolution called Twiniversity. She wanted to make ONE website that parents of multiples could turn to for information and community. With the mission of connecting, educating, and making parents see the comical side of having twins, Twiniversity succeeds tenfold.
Are you ready to take control of your financial future?
Daniel Paikin and Robert Schlesinger reflect on their past eight episodes, delving into the fundamental principles of financial planning designed to safeguard your wealth and secure your legacy. They offer insights into creating a robust financial plan that covers everything from liability and income protection to wills, trusts, and investment strategies.
Daniel and Robert discuss:
Review of eight fundamental areas of personal finance
Insights from trusted guests like Michael Silverman on liability protection and Kevin Gian on estate planning
Explanation of crucial financial strategies such as saving rates and investment diversification
Discussion on staying updated with changing economic environments and financial commitments
