Category: Business
2024 Year in Review: Big Wins, Client Success Stories, and 2025 Market Insights (Ep. 30)

2024 Year in Review: Big Wins, Client Success Stories, and 2025 Market Insights (Ep. 30)

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In this episode, Matt Nelson, Matthew Finley, and Jacob LaRue review the year’s highlights for Perspective 6 Group. They discuss transformative client outcomes, tax-saving strategies, and tailored financial planning approaches. Packed with insights, this episode showcases the value of personalized advice in achieving long-term goals.

You’ll hear: 

  • Reflections on client achievements, including 256 review meetings, onboarding 11 new clients, and impactful case studies
  • Effective tax strategies, such as reviewing 143 returns and executing $1.3 million in Roth IRA conversions to secure long-term benefits
  • Estate planning triumphs, including designing strategies to shield millions from taxation for generational wealth
  • Portfolio performance and market strategies, leading to strong returns and reduced internal fees for clients
  • Team growth, innovation, and the use of technology to improve client experiences and streamline operations
  • And more!

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Young Careers in Financial Advising (Ep. 29)

Young Careers in Financial Advising (Ep. 29)

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What drives someone to pack up and move for a career? 

In this episode of The MedTech Wealth Advisor Podcast, host Matt Nelson introduces listeners to two new team members at Perspective 6 Group, Grace Hennen and Karissa McLaren. 

Tune in to hear about their unique backgrounds, how they landed in the MedTech financial advising world, and why they’re both thrilled to join the team. Discover how their experiences shaped their career and life choices.

During the discussion:

  • Karissa shares how her upbringing on a Kentucky cattle farm influenced her passion for finance
  • Grace reflects on how a love for customer service and a passion for mathematics paved her path to financial planning
  • Both discuss the surprises and lessons learned from transitioning from academic financial concepts to real-world application
  • Matt guides a conversation on industry progress and personal insights on how new professionals can push for even more inclusive practices 
  • And more!

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About Grace Hennen:

After her graduation from college in 2024, Grace began working with Perspective 6 Group as a Financial Planning Associate. Grace is passionate about financial planning and helping people achieve their goals. As an Financial Planning Associate, Grace will be responsible for ongoing financial planning analysis and research, and portfolio maintenance. In addition, Grace will assist our clients with day-to-day activities such as ensuring our financial planning data is up to date or helping clients with account-related questions. Through her work as an Advisor Support Specialist, Grace is working to gain the skills necessary to become a Financial Advisor.

About Karissa McLaren:

Following her graduation in 2024, Karissa McLaren began working for Perspective 6 Group as an Advisor Support Specialist. During her time in college, she discovered her passion for serving others in various capacities. That passion, coupled with her interest in finance and investments, has led her to a career in financial planning with the aspiration of becoming a licensed Financial Advisor. Karissa looks forward to learning the depths of the industry and forming relationships with clients.

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The Power of Donor-Advised Funds for Charitable Giving (Ep. 28)

The Power of Donor-Advised Funds for Charitable Giving (Ep. 28)

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How can you maximize your charitable giving while minimizing your taxes?

Donor-advised funds (DAFs) might be the key.

Join Matt Nelson and Jacob LaRue as they dive into the strategic world of donor-advised funds—a tool many haven’t explored yet—to enhance your charitable contributions while skillfully managing your tax savings, aligning seamlessly with your values. 

They discuss: 

  • Donor-advised funds, a powerful vehicle to maximize both your charity impact and tax benefits
  • Practical scenarios and case studies showcasing the effectiveness of bundling contributions for greater deductions
  • Combining strategies such as utilizing low-basis stocks or integrating Roth conversions
  • The options for setting up lasting charitable legacies that continue giving beyond your lifetime
  • And more!

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The Basics of Charitable Giving: Cash, Stocks, IRAs (Ep. 27)

The Basics of Charitable Giving: Cash, Stocks, IRAs (Ep. 27)

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Are you making the most of your contributions?

This week, Matt Nelson and Jacob LaRue explore the essentials of charitable giving, focusing on how to align charitable contributions with financial goals while optimizing tax savings. 

The episode outlines the importance of prioritizing values over tax savings, covers key methods of giving, and provides strategies for maximizing the benefits of donations.

They discuss: 

  • The importance of prioritizing your values over tax savings when engaging in charitable giving
  • An overview of tax considerations and limitations on charitable contributions
  • Strategies for donating low-basis stock and how it can be more beneficial than cash donations
  • The benefits of Qualified Charitable Distributions (QCDs) for retirees, especially those with required minimum distributions (RMDs)
  • And more!

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How Much Life Insurance Do I Need? (Ep. 26)

How Much Life Insurance Do I Need? (Ep. 26)

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Life insurance might not be the most exciting topic, but it’s crucial for safeguarding your financial future.

And the golden question is: How much life insurance is enough?

We’ve got the answer this week on The MedTech Wealth Advisor Podcast. Matt Nelson and Jacob LaRue talk about how to determine the appropriate amount of life insurance coverage to meet your needs.

They guide you through the purpose of life insurance, the various frameworks to determine the necessary coverage for you, and how to select the right type of policies based on individual needs. 

They discuss: 

  • The purpose of life insurance and its role in financial planning
  • Different frameworks for calculating the necessary amount of coverage
  • The distinction between group and personal life insurance policies
  • How to tailor life insurance plans to unique family and financial situations.
  • And more!

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Investment FAQs Answered: CDs, Interest Rates, and the Election (Ep. 25)

Investment FAQs Answered: CDs, Interest Rates, and the Election (Ep. 25)

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Navigating your investment options can feel overwhelming. Especially in 2024 with inflation, interest rates, and the election on everyone’s mind.

In this episode, Matt Nelson, CFP® is joined by Director of Investments for Perspective 6 Group, Matthew Finley, CFP®. Together they tackle some of the most pressing financial questions they’ve received from clients. You’ll gain insights into how economic changes and market trends impact personal finance decisions.

Whether you’re looking to maximize returns or reduce financial risks, this episode offers practical answers to guide you through common investment dilemmas.

They discuss: 

  • Relevant strategies for rolling over a maturing CD and alternative options.
  • Whether to pay cash or take out a loan for buying a home in the current financial climate.
  • The implications of investing a large inheritance.
  • How the upcoming election could potentially influence your investment portfolio
  • And more!

 

Resources:

 

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What Are Roth Conversions and How Can They Benefit You?

What Are Roth Conversions and How Can They Benefit You?

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Roth conversions offer a powerful way to provide tax-free growth and withdrawals in retirement, but success depends on careful planning. 

By transferring funds from traditional IRAs or 401(k)s into a Roth IRA, you can manage taxes upfront. Allowing your investments to grow without future tax obligations. The key to maximizing these benefits lies in timing and understanding how tax brackets, estate planning, and asset allocation all play a role.

Matt Nelson, CFP® and Jacob LaRue, CFP® provide insights on how to leverage Roth conversions effectively, ensuring your financial decisions align with your long-term goals. Whether you’re in your working years or nearing retirement, this episode helps you avoid common pitfalls, reduce tax burdens, and set up a strategy that benefits both you and your heirs.

Key Highlights:

  • Roth Conversion Basics: Understand the differences between conversions and contributions, and the key tax implications to look out for
  • Tax Bracket Optimization: Learn how to time your conversions during low-income years and avoid higher taxes during your peak earning periods
  • Asset Allocation Strategies: Discover why Roth IRAs are ideal for high-growth investments, maximizing your tax-free gains
  • Estate Planning Benefits: Learn how Roth conversions can lower the tax burden for your heirs, especially if they are in higher tax brackets
  • Mistakes to Avoid: Plan for estimated tax payments, and stay up to date on recent rule changes for inherited IRAs
  • Charitable Giving Considerations: Find out why Roth conversions may not be ideal if your IRA is intended for charitable donations
  • And much more!

Resources:

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How Roth IRAs Work

How Roth IRAs Work

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Wondering how Roth IRAs give you a tax advantage? Curious about non-retirement uses like college and buying a home? This episode dives deep into the strategic advantages of Roth IRAs and their role in preparing you for your financial future.

For working professionals, navigating retirement planning is critical. This episode reveals how Roth IRAs can be pivotal tools in your financial arsenal, offering benefits beyond retirement savings. Whether you’re a young investor or a high earner, understanding the nuances of Roth IRAs can lead to significant long-term gains.

Join host Matt Nelson, CFP®, Managing Partner at Perspective 6 Group, and Jacob LaRue, CFP®, Head of Financial Planning, as they discuss the most effective strategies for optimizing Roth IRAs. Discover how these accounts can be leveraged not just for retirement, but also for estate planning, emergency funds, and even home purchases.

Key Highlights:

  • Roth IRA Basics: Learn how Roth IRAs differ from traditional retirement accounts, with after-tax contributions and tax-free withdrawals in retirement
  • Strategic Contributions: Explore optimal strategies based on your lifetime tax bracket and income fluctuations to decide between Roth and traditional IRAs
  • High Earner Strategies: Learn about Backdoor and Mega Backdoor Roth IRAs, designed to help high-income earners maximize their savings into retirement
  • Estate Planning: Discover the benefits of using Roth IRAs in estate planning, including tax-free inheritance and the absence of required minimum distributions
  • Non-Retirement Benefits: Uncover how Roth IRAs can fund emergencies, facilitate home purchases, and reallocate excess 529 plan funds for education
  • And much more!

 

Resources:

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How to Navigate and Optimize Non-Qualified Stock Options

How to Navigate and Optimize Non-Qualified Stock Options

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How do NSOs work? When are NSOs taxed? Are NSOs earned income? Get all your NSO questions answered on this episode.

Unlocking the potential of your non-qualified stock options (NSOs) can be essential in achieving financial independence, particularly in the MedTech industry. Understanding the intricacies of NSOs can empower you to make informed decisions about your equity compensation and overall financial plan.

Join host Matt Nelson, CFP®, and Jacob LaRue, CFP®, as they explore the strategic planning required for exercising NSOs. Learn the importance of understanding grant agreements, vesting schedules, and the overall impact on your financial plan to avoid common pitfalls like unexpected tax bills and concentration risk.

Key Highlights:

    • NSOs Overview: Gain insights into how NSOs work, including the difference between the grant price and the current stock price, as well as the significance of the vesting schedule
    • Exercising NSOs: Explore different methods of exercise, cash vs. cashless, and understand the implications of each approach
    • Tax Implications: Learn about the tax consequences of exercising NSOs, including ordinary income taxes on the bargain element and capital gains taxes on future gains
    • Concentration Risk: Discover strategies to manage concentration risk, especially if a significant portion of your portfolio is tied to one company’s stock
    • Three-Step Planning Process: Understand the process of reviewing stock plan documents, building a financial plan, and creating a game plan for exercising NSOs
    • Withholding and Tax Planning: Identify the need for additional tax planning due to insufficient withholding on NSOs and the importance of keeping up with tax estimates to avoid penalties
  • Practical Guidance:
    • Early Exercise Option: Exercising NSOs early can be beneficial if the stock price is low, allowing future gains to be taxed at capital gains rates instead of income tax rates
    • Scenario Planning: Evaluate different exercise scenarios to determine the best strategy for your financial situation, considering factors like market concentration and tax impact
    • Regular Check-ins: Regularly review and adjust your financial plan, especially during key periods like Spring and Fall to ensure you stay on track and avoid surprises
  • And much more!

 

Resources:

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Case Study: Crafting a Financial Independence Plan

Case Study: Crafting a Financial Independence Plan

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Transform your assets into the life you’ve always dreamed of!

In this episode of the MedTech Wealth Advisor podcast, host Matt Nelson, CFP® and Jacob LaRue, CFP® go through a real-life example in a case study. They discuss the imperative considerations and how they created a Financial Independence Plan unique to the client. 

The first step is to understand the clients’ values, needs, and what exactly they want out of life. Then they can delve into the specifics of their financial picture and specific challenges, such as stock options. With all the information delivered a plan is developed to reach their short-term and long-term financial independence goals while still prioritizing the values, goals, and desired lifestyle of the client. 

Also discussed is creating a “baseline scenario” to account for potential ups and downs in income and expenses. This creates a solid framework that can adapt even in the face of major life events. Tune in for a comprehensive look at what it takes to plan for your future and create your own personal Financial Freedom Statement!

Key Highlights: 

    • Understanding Core Values: Rather than working from their own ideals and processes, getting to know the client’s personal views and values is the initial guide to the planning process.
  • Financial Freedom Statements: An overall view of a client’s financial outlook in the present and the future, as well as the options that are available to adjust their work-life balance
    • Equity Compensation & Benefits: Don’t miss out on equity compensation not yet vested, understand all your benefits and how to maximize them.
    • Long-Term Planning: Building a comprehensive financial independence plan looks beyond immediate spending to consider lifestyle changes, potential sabbaticals, increased travel, and other long-term goals.
  • Baseline Scenarios: Creating an initial template with expected income and known expenses in the present and future lays a foundation for
  • And more!

 

Resources:

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Connect with Perspective 6 Group:       

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