Financial Planning – The Tempus Podcast

Why Whole Life Insurance Should Be Part of Your Financial Plan (Ep. 12)

By TheTempusPodcast | October 30, 2024

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?
And more

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Key Financial and Legal Steps for Expecting Parents with Natalie Diaz (Ep.11)

By TheTempusPodcast | August 20, 2024

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
And more

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Connect with Natalie Diaz:

About our Guest:

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.

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The Fundamentals of Personal Finance (Ep. 10)

By TheTempusPodcast | July 16, 2024

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
And more

Resources:

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Navigating the Maze of Investments with Kevin Kulak (Ep. 9)

By TheTempusPodcast | June 4, 2024

Ever wondered how to create a financial plan that weathers any storm?

Daniel Paikin, Robert Schlesinger, and the Tempus Financial Group team deep dive into time-tested financial, retirement, and tax strategies. This episode welcomes Kevin Kulak, our director of investments, to complete our series on foundational financial principles designed for business owners and families seeking solidity and growth in their financial plans.

Daniel, Robert and Kevin discuss:

The core fundamentals of investing and their critical role in every strategy
Why is diversification important, and how does the concept of “not putting all your eggs in one basket” apply to sound investment advice
How can investors navigate taxes and fees to minimize costs and maximize returns in their investment portfolios
What is the impact of investor psychology on financial decisions, and how can one maintain discipline in volatile markets
And more

Connect with Tempus Financial Group:

Connect with Kevin Kulak:

LinkedIn: Kevin Kulak

About our Guest:

Kevin has worked in the financial services industry since 2014, having spent most of his career as a wholesaler, where he educated financial advisors on various investment vehicles, the markets, and behavioral finance. As Tempus’ Director of Investments, Kevin is responsible for developing and implementing customized investment strategies and management for the firm’s clients.

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Transforming Your Approach to Debt with Steven Esses and George Walters (Ep. 8)

By TheTempusPodcast | May 8, 2024

Ever wondered how you could tackle your debt smartly while planning for a secure financial future? Do you feel like you’re scaling a mountain of debt without a peak in sight?

Listen in as Daniel Paikin and Robert Schlesinger speak with Steven Esses, Senior Loan Officer at FM Home Loans LLC, and George Walters, Senior Vice President of Business Development at GradFin. Together they discuss actionable insights to help you navigate through the fog of debt with confidence.

Daniel, Robert, Steven and George touch on:

What is the impact of current interest rates on mortgage options and payments
Why is it important to consider the choice between fixed-rate and adjustable-rate mortgages when selecting a mortgage plan
What are the key components of federal student loan forgiveness programs, and what criteria must one meet to qualify
How can one effectively manage and repay student loan debt
And more

Connect with Tempus Financial Group:

Connect with George Walters:

Connect with Steven Esses:

LinkedIn: Steven Esses

About our Guest:

George Walters’ leadership skills and experience in sales and management add tremendous value to the GradFin team. George has worked with thousands of Financial Advisors across the country to help their clients determine optimal repayment strategies to their student loans. His knowledge of all repayment and refinancing options in the market today help put money back into the hands of the Advisor to leverage their clients’ financial goals. George individually consults with borrowers to educate, analyze, and simplify the complexities of student loans.

Steven Esses, Vice President at FM Home Loans, thrives on the individuality of each customer and the neverending thrill of successfuly closing a loan. With years of experience in the residential mortgage industry, he provides superior customer service and expert industry knowledge for his clients. Steven began his career being trained by one the top rated LO’s in the country. That training has been invaluable as Steven mastered the art of transforming a challenging deal into a smooth transaction.

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A Deep Dive into Liquid, Semi-liquid, and Illiquid Assets with Ryan Bohn (Ep. 7)

By TheTempusPodcast | April 18, 2024

As you reflect on your own financial planning, do you have a clear strategy for managing liquidity in your assets? Have you considered the balance between illiquid, semi-liquid, and fully liquid investments to ensure you are prepared for various financial scenarios?

Join Daniel Paikin and Robert Schlesinger as they speak with Ryan Bohn, a senior associate with Tempus Financial Group, on the role of liquidity in setting up a successful financial plan. They explore the significance of balancing different types of assets to ensure optimal financial planning and preparedness for emergencies and opportunities that may arise.

Daniel, Robert and Ryan discuss:

What does financial liquidity mean
Why is liquidity crucial for a successful financial plan
What are the benefits and risks associated with margin accounts in terms of leveraging investments
How can the balance between different asset types help in managing financial opportunities
And more

Resources:

Connect with Tempus Financial Group:

Connect with Ryan Bohn:

LinkedIn: Ryan Bohn

About our Guest:

Ryan has over 20 years’ of experience in the Financial Services industry. After nearly a decade as a corporate bond broker in NYC, Ryan joined Tempus to help families—like his own—better understand their overall financial situation. Ryan is passionate about helping his clients accomplish their personal and financial goals by implementing unique strategies that instill confidence and clarity which eliminates risk and allows them to maximize their wealth through organization, savings, protection and growth strategies.

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Automated Savings Accountant Strategies with Tim Sachs and Greg Breitman (Ep. 6)

By TheTempusPodcast | March 5, 2024

Is your savings strategy protected for the long term? Are you using savings accounts effectively?

Join Daniel Paikin and Robert Schlesinger along with their coworkers at Tempus Financial Group, Tim Sachs and Greg Breitman, in discussing the landscape of effective savings strategies. They emphasize the critical nature of adopting a disciplined and systematic approach to saving money. They advocate for establishing dedicated savings accounts specifically aimed at wealth accumulation, highlighting the benefits of such focused financial planning.

Daniel, Robert, Tim, and Greg touch on:

Why is the importance of savings emphasized in financial planning
Where should one set clear goals and targets for saving
How does automating the savings process benefit financial planning
How can creating an intermediary account help manage income and spending
And more

Connect with Tempus Financial Group:

Connect with Tim Sachs:

LinkedIn: Timothy Sachs

Connect with Greg Breitman:

LinkedIn: Greg Breitman

About our Guests:

Tim began his career in the financial services industry in 2015 at T. Rowe Price and joined Tempus Financial Group in 2017. Tim is fueled by providing value to his clients on an ongoing basis. His primary goal is to educate his clients on what it means to be optimal in the vital areas of financial planning so that they can achieve maximum success. Tim enjoys creating long-lasting relationships with his clients based on trust, service, and support.

Greg joined the financial services industry after graduating from the University of Miami in 2012. His mission was, and still is, to help individuals and families get in a better position both personally, professionally, and financially. With over 10 years in the business, Greg specializes in having uncommon conversations with his clients to help provide financial peace of mind to everyone he meets. With a specific focus on cash flow management, savings strategies, wealth accumulation and asset allocation, his clients have begun to plan for the future and have greater opportunities to achieve financial success.

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Understanding Life Insurance in Financial Planning with Craig Katz (Ep. 5)

By TheTempusPodcast | February 6, 2024

Navigating the realm of life insurance can be a daunting challenge—from selecting the most fitting type for your plan to deciding 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
And more

Connect with Tempus Financial Group:

Connect with Craig Katz:

LinkedIn: Craig Katz

About our Guest:

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.

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Importance of Estate Planning and Wills with Kevin Ghassomian (Ep. 4)

By TheTempusPodcast | January 9, 2024

Do you already have an estate plan in place? If not, the judicial system could be the one deciding who gets what in your family. With young children, it is especially important to designate a guardian in estate plans.

Listen in as Daniel Paikin and Robert Schlesinger speak with Kevin Ghassomian, a partner at Venable LLP, on estate planning and why it’s so important. They cover things like having a will, power of attorney, health care proxy, and living will declaration.

Daniel, Robert and Kevin discuss:

Why estate planning and having a will is important
What are the consequences of not having a will
How can irrevocable trusts be used to avoid estate taxes
What are the challenges and ongoing monitoring involved in estate planning
And more

Connect with Tempus Financial Group:

Connect with Guest Name:

About our Guest:

Kevin Ghassomian focuses his practice on the personal legal needs of business owners, corporate executives, high-net-worth individuals, and their families. Kevin’s representation covers all aspects of domestic and international estate planning, with an emphasis on tax minimization, asset protection, business succession, and philanthropy. Kevin also counsels individual and corporate fiduciaries on the administration of trusts and estates, including the preparation of gift and estate tax returns and defense of positions taken on those returns.

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Understanding Liability Protection in Property and Casualty Insurance with Michael Silverman (Ep. 2)

By TheTempusPodcast | December 12, 2023

Ever wondered about the importance of liability protection? What confuses you the most about insurance premiums and liability protection?

Make sure you have insurance to protect your financial interests.

In this episode, Daniel Paikin and Robert Schlesinger are joined by Michael Silverman, CEO of Silver Lining Insurance, in exploring the importance of liability protection in insurance and the need for an umbrella liability policy. Michael dives into the need for proactive planning and the role of an insurance agency in guiding clients through potential risks and claims.

Michael discusses:

The importance of liability protection for your own protection
What impacts the cost of insurance premiums
The importance of proactive planning and brokerage knowledge
The impact of natural disasters on insurance premiums
And more

Connect with Tempus Financial Group:

Connect with Michael Silverman:

About our Guest:

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.

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