Tag: Professional Development
Estate Planning: Beyond the Basics with Jen Santini, J.D. (Ep. 18)

Estate Planning: Beyond the Basics with Jen Santini, J.D. (Ep. 18)

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Have you planned how your assets will be handled after you’re gone?

Building on foundational estate planning strategies, this episode of the MedTech Wealth Advisor Podcast, hosted by Matt Nelson, CFP® with guest Jen Santini, J.D. gets into advanced estate planning strategies for MedTech professionals and entrepreneurs. They explore the critical roles of wills and trusts for asset distribution after death and incapacity planning. With a breakdown of the three types of trusts and what might be the best option for you. This conversation aims to simplify estate planning as an integral part of both professional and personal financial management.

Key Highlights:

  • Wills and Trusts: Matt and Jen emphasize the key roles of wills and trusts in avoiding state-enforced asset distribution and in managing assets effectively after death or during incapacity
  • Living Revocable Trusts: The episode underscores the importance of living revocable trusts for property owners across multiple states or those with complex family situations like blended families, ensuring adaptive asset control
  • Trust Types Explained: Jen distinguishes between revocable and irrevocable trusts, highlighting their advantages and limits with a focus on asset protection and tax implications
  • Tax Planning with Trusts: They explore strategic tax planning with trusts to maximize tax benefits and preserve estate value, particularly effective in high-tax states
  • Elder Care and Asset Protection: The significance of early planning for elder care and asset protection is discussed, aiming to solve asset transfer issues and maintain eligibility for public benefits
  • Planning for Minor Children and Heirless Estates: The necessity of appointing trustworthy guardians and trustees is highlighted, focusing on protecting the financial futures of minors and managing estates without direct heirs
  • And much more!

Tune in to gain actionable advice and ensure your estate planning aligns with your wishes, safeguarding your legacy for the future.

 

Resources:

Connect with Matt Nelson:    

Connect with Perspective 6 Group:       

Connect with Jen Santini: 

 

About Jen Santini: 

From an early age, Jen knew she wanted to go to law school. Not because she came from a family of attorneys but because she enjoyed solving problems and helping others. Being a lawyer was a way to combine her passions. However, she did not expect that she’d ultimately practice primarily as a trusts & estates attorney. 

Prior to forming Sykora & Santini PLLC, Jen spent the majority of her professional career in the financial services industry in Boston. During law school, Jen worked in the legal department at Putnam Investments and then transitioned to MFS Investment Management. At both companies, she focused on legal matters complying with SEC, FINRA and state regulations. In addition, Jen has worked on corporate governance matters, such as reorganization of departments, rebranding of products, and mergers and acquisitions.

Upon graduation from law school, Jen moved to the Twin Cities. She did not intend to start her own firm but partnering with Jayne to do so has been one of her best decisions. She loves working with people and enjoys learning about her clients’ life stories – both personally and professionally. 

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The Fundamentals of Estate Planning with Jen Santini, J.D. (Ep. 17)

The Fundamentals of Estate Planning with Jen Santini, J.D. (Ep. 17)

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Did you know you have an estate plan whether you know it or not? 

Uncover the critical importance of choosing the right proxies in estate planning with professional guidance on this episode of the MedTech Wealth Advisor Podcast. Matt Nelson discusses the fundamentals of estate planning with Jen Santini, an esteemed leader within the Minnesota State Bar Association. Throughout the episode, Santini unravels the complexities of estate planning, providing structured strategies and emphasizing its necessity for everyone, not just the wealthy.

Key Highlights:

  • Estate Planning Essentials: Santini stresses the broad scope of estate planning, including vital preparations for unexpected incapacitation
  • Choosing the Right Proxies: The discussion spotlights typical mistakes in proxy selection, advocating for choices that reflect personal values instead of defaulting to family hierarchies
  • Understanding Power of Attorney: Santini dispels common myths surrounding POA, focusing on spousal rights and the scope of responsibilities
  • Complexities of Guardianships and Beneficiaries: Insights into the delicate issues of nominating guardians and beneficiaries underscore the critical role of wills
  • Call to Proactive Planning: The episode wraps up with a persuasive call to action for listeners to actively engage in their estate planning to avoid legal and familial complications
  • And much more!

Tune in to gain actionable advice and ensure your estate planning aligns perfectly with your wishes, safeguarding your legacy for the future.

 

Resources:

  • Do you have a topic you’d like to learn more about on this podcast? Send us an email at mwapodcast@focusfinancial.com to let us know. We look forward to hearing from you!

Connect with Matt Nelson:    

Connect with Perspective 6 Group:       

Connect with Jen Santini: 

 

About Jen Santini: 

From an early age, Jen knew she wanted to go to law school. Not because she came from a family of attorneys but because she enjoyed solving problems and helping others. Being a lawyer was a way to combine her passions. However, she did not expect that she’d ultimately practice primarily as a trusts & estates attorney. 

Prior to forming Sykora & Santini PLLC, Jen spent the majority of her professional career in the financial services industry in Boston. During law school, Jen worked in the legal department at Putnam Investments and then transitioned to MFS Investment Management. At both companies, she focused on legal matters complying with SEC, FINRA and state regulations. In addition, Jen has worked on corporate governance matters, such as reorganization of departments, rebranding of products, and mergers and acquisitions.

Upon graduation from law school, Jen moved to the Twin Cities. She did not intend to start her own firm but partnering with Jayne to do so has been one of her best decisions. She loves working with people and enjoys learning about her clients’ life stories – both personally and professionally. 

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Jacob’s Journey: Building a Foundation on Integrity and Family Values (Ep. 16)

Jacob’s Journey: Building a Foundation on Integrity and Family Values (Ep. 16)

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What drives a financial planner to focus on factors beyond the numbers?

In this week’s dialogue on the MedTech Wealth Advisor Podcast, host Matt Nelson, CFP®, AIF®, ECA welcomes Jacob LaRue, CFP®, a pivotal team member whose personal and professional journey offers a unique perspective on the financial planning landscape. Growing up in a Chicago suburb, Jacob’s early life lessons in integrity, teamwork, and diligence have deeply influenced his financial advisory approach.

Key Highlights:

  • Values at the Core: Reflecting on his family’s entrepreneurial background, Jacob explains how these moral and ethical standards have become the cornerstone of his professional life
  • Educational and Career Evolution: Jacob traces his journey from an aspiring baseball player to a dedicated financial planner, emphasizing the critical courses and extracurriculars at Western Kentucky University that shaped his path
  • Focus on Clients: Jacob details his commitment to ethical, client-oriented advising, shaped by handling diverse client situations and focusing on personalized financial plans
  • Empathetic Advising: He stresses the importance of recognizing clients’ backgrounds and motivations, blending analytical skills with empathy to tailor advice effectively
  • Life Beyond Numbers: Jacob shares personal stories, including how he met his wife in a financial planning class, illustrating how personal and professional lives intertwine
  • Resilience in Practice: Sharing a mantra from his baseball days, Jacob highlights the role of resilience and optimism in overcoming professional challenges

Explore these insights and more to understand the profound impact of personal values and professional integrity in the world of financial planning.

 

Resources:

Connect with Matt Nelson:    

Connect with Jacob LaRue: 

Connect with Perspective 6 Group:       

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Being Radically Different with MedTech Entrepreneur, Omar Khateeb (Ep. 15)

Being Radically Different with MedTech Entrepreneur, Omar Khateeb (Ep. 15)

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What does it take to transform an industry?

Matt Nelson, CFP® explores the meaningful world of MedTech innovation with Omar Khateeb, a pioneering entrepreneur in the medical device industry. From his beginnings as a medical student to founding a consulting firm that drives digital marketing strategies for MedTech startups. Omar’s journey is a testament to the power of entrepreneurial spirit and risk-taking. Learn innovative approaches to setting new industry standards and tips to enhance market engagement.

Key Highlights:

  • From Academics to Entrepreneurship: Omar shares his pivotal shift from medical studies to revolutionizing MedTech sales
  • Revolutionizing Marketing: Learn how Omar’s advanced digital marketing rejuvenates MedTech startup sales
  • Navigating Entrepreneurial Challenges: Discover how Omar overcame startup challenges with limited resources and resilience
  • Strategic Innovation: How using risks as opportunities to carve niches in untapped markets
  • Scaling Impact: Omar emphasizes solving big problems to amplify industry impact
  • Digital Networking: Explore how LinkedIn enhances visibility and builds connections in MedTech
  • And much more!

 

Resources:

Connect with Matt Nelson:    

Connect with Perspective 6 Group:       

About Omar M. Khateeb: 

Omar M. Khateeb started a company with one mission: change how MedTech companies sell and market to physicians. That starts with teaching how to persuade at scale and drive product adoption using social media. He’s not a guru and he doesn’t have a grand theory. Instead, there’s vision backed by experience and research. Omar knows how to do it because he’s done it, so he can show you how.

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Investing for Decades Not Days (Ep. 14)

Investing for Decades Not Days (Ep. 14)

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Is your portfolio designed for sustained growth without succumbing to market speculation?

Join us for a compelling episode of The MedTech Wealth Advisor Podcast. Host, Matt Nelson, CFP® welcomes back Matthew Finley, CFP®. The pair dive into tailored investment strategies that guide their business. This discussion emphasizes consistent, disciplined investment approaches over speculative, high-risk tactics often highlighted by the financial media. Discover strategies that could enable stable returns to support your financial future.

Key Highlights:

  • Commitment to Long-Term Growth: Leverage the power of compounding returns in robust global economies
  • Priority on Liquid Investments: Why Perspective 6 Group focuses on publicly traded investments that offer predictable, consistent returns
  • Balanced Alternative Investments: The strategic role of alternatives like private equity and real estate in complementing a strong market foundation
  • Weighing Risk and Stability: A look at the risks of speculative assets versus the stability and inflation protection offered by equities
  • Informed Portfolio Adjustments: How strategic tweaks during market shifts can enhance long-term outcomes without derailing financial goals
  • Customized Retirement Strategies: Tailor retirement plans to meet long-term growth and immediate income needs effectively
  • Dispelling Investment Myths: Debunk common myths and highlight the growing importance of technology in investment portfolios

Explore these insights and more to learn about building a resilient investment strategy.

 

Resources:

  • Do you have a topic you’d like to learn more about on this podcast? Send us an email at mwapodcast@focusfinancial.com to let us know. We look forward to hearing from you!
  • Read more on Perspective 6 Group’s Investment Philosophy here.

Connect with Matt Nelson:    

 Connect with Matthew Finley: 

Connect with Perspective 6 Group:       

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is no guarantee of future results. Please note that individual situations can vary. Therefore, the information presented here should only be relied upon when coordinated with individual professional advice.

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Building Roots: A Passion for Legacy With Matthew Finley, CFP® (Ep. 13)

Building Roots: A Passion for Legacy With Matthew Finley, CFP® (Ep. 13)

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Can a background in medicine and microbiology revolutionize financial advising?

Discover the remarkable transformation of Matthew Finley, CFP®, Partner & Senior Financial Advisor at Perspective 6 Group. From an aspiring doctor to a successful financial advisor, this is a fascinating episode of The MedTech Wealth Advisor Podcast. Join our host, Matt Nelson as he dives into Matthew’s unique journey, highlighting how personal values and pivotal life decisions can profoundly shape one’s career in financial management.

Key Highlights:

  • Pivotal Career Shift: Dive into Matthew’s decision to move from aspiring doctor to financial advisor, a choice influenced by his quest for work-life harmony
  • Early Inspirations: Discover how Matthew’s grandfather, an astute investor, ignited his passion for finance
  • Diverse Career Journey: Trace Matthews’s path from microbiology research to thriving in the dynamic world of business finance and eventually finding his calling in financial advising
  • Resilience During Financial Crisis: Learn about Matthew’s strategic approach to financial advising during challenging times, including the 2008 recession and recent economic fluctuations
  • Empathetic Client Relationships: Understand how Matthew’s background enables him to relate to clients seeking honest and compassionate financial advice
  • The Man Behind the Advisor: Peek into Matthew’s personal life, from his achievements in distance running to cherishing moments with his family and the great outdoors
  • Wisdom for Aspiring Advisors: Listen to Matthew’s insights on pursuing a financial career passionately while maintaining a balance with personal life
  • And much more!

 

Looking Ahead: 

Gear up for an inspiring conversation on the Perspective 6 Group investment philosophy in the next episode, where Matthew and Matt will share how diverse life experiences enrich financial decision-making and strategy formation.

 

Resources:

  • Do you have a topic you’d like to learn more about on this podcast? Send us an email at mwapodcast@focusfinancial.com to let us know. We look forward to hearing from you!

Connect with Matt Nelson:  

Connect with Matthew Finley:  

Connect with Perspective 6 Group:      

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RSUs Part 3: RSU Mistakes to Avoid (Ep. 12)

RSUs Part 3: RSU Mistakes to Avoid (Ep. 12)

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Could you be avoiding the common mistakes made with RSUs?

The MedTech Wealth Advisor Podcast culminates its RSU series with a compelling finale. Hosted by Matt Nelson, CFP® and guest Jacob LaRue, CFP® (can we even call him a guest anymore?). They continue building on the foundational knowledge from Parts 1 and 2, digging deeper into the strategic management while pointing out specific mistakes to avoid.

Key Highlights:

  • In-Depth RSU Insights: Dive into a detailed exploration of grant and vesting triggers, uncovering common misunderstandings and their costly consequences
  • Strategic Selling Post-Vesting: Learn the art of selling RSUs and how to strategically align sales with personal financial goals and market timing
  • Navigating Tax Complexities: Unravel the intricacies of RSU tax withholding, learning strategies to manage supplemental rates and avoid tax liability surprises
  • Mitigating Early Termination Risks: Understand how employment changes can affect RSU vesting and discover tactics to protect your assets
  • Real-Life Impact: Julie’s story, a cautionary tale of financial loss due to inadequate RSU management, is dissected – offering valuable lessons for all MedTech professionals
  • And much more!

 

Resources:

Connect with Matt Nelson:    

Connect with Jacob LaRue:    

 Connect with Perspective 6 Group:        

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Important Tax Planning Numbers for 2024 (Ep. 11)

Important Tax Planning Numbers for 2024 (Ep. 11)

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Limits, Contributions, Deductions – Do you know the critical updates for each in 2024?

Join Matt Nelson, CFP® & Jacob LaRue, CFP® in the latest episode of the MedTech Wealth Advisor Podcast. Together they share insights for professionals and entrepreneurs, providing essential tax planning strategies and contribution limits to set you up for success this year.

Key Highlights:

  • 2024 Contribution Limits: Discover updated limits for 401(k)s and HSAs, explained for different age groups
  • Optimal Contribution Strategy: Learn how to strategically prioritize contributions to maximize benefits
  • Comprehensive 401(k) Limits: Gain insights into the total contribution limits, encompassing all sources
  • Pre-Tax vs. Roth Contributions: Understand the combined contribution limits for different 401(k) types
  • Tax Bracket Tactics: Explore how to utilize tax brackets for efficient contribution strategies
  • Income Phase-Outs: Learn how rising income affects eligibility for savings plans
  • Social Security and Medicare Planning: Get strategies for managing benefits and premiums based on income and age
  • Capital Gains and Deductions: Master tactics for high earners to optimize taxes and deductions
  • And much more!

 

Resources:

Connect with Matt Nelson:   

Connect with Jacob LaRue:   

 Connect with Perspective 6 Group:       

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RSUs Part 2: How To Transform RSUs into Wealth (Ep. 10)

RSUs Part 2: How To Transform RSUs into Wealth (Ep. 10)

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Are Restricted Stock Units (RSUs) just a fancy bonus, or a wealth-building tool?

Building on the foundational knowledge from Part 1, this episode of the MedTech Wealth Advisor Podcast digs deeper into the strategic management of Restricted Stock Units (RSUs). Join host Matt Nelson and financial planner Jacob LaRue as they further explore the nuances of RSUs, offering advanced strategies for professionals looking to fine-tune their financial strategy.

Key Discussion Points:

  • Balancing RSUs with Overall Financial Goals: Matt and Jacob discuss integrating RSU strategies with broader financial plans, emphasizing diversification and risk management
  • Tax Optimization Techniques: Detailed exploration of how to minimize the tax impact of RSUs, including alignment with other financial events and tax strategies
  • RSUs in Changing Market Conditions: Insights into managing RSUs amidst stock market volatility, including tactics for when to hold or sell
  • Long-term RSU Planning for Career Moves: Strategies for handling RSUs during job transitions, including considerations for public versus private company RSUs
  • And much more!

 

Resources:

Connect with Matt Nelson:  

Connect with Jacob LaRue:  

 Connect with Perspective 6 Group:      

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2024 Market Outlook (Ep. 9)

2024 Market Outlook (Ep. 9)

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What does the 2024 economic forecast mean for your financial future? 

Listen in as host Matt Nelson welcomes Matthew Finley to unravel the complexities of today’s economy. Together they offer valuable insights into the current economic landscape, guiding listeners through equity compensation, market predictions, inflation trends, and pragmatic investment strategies.

  • Navigating the Market Outlook: Why long-term market engagement trumps timing
  • Decoding Inflation: A deep dive into inflation trends and the Federal Reserve’s objectives
  • Market Valuations and Economic Growth: Analyzing S&P 500 valuations and corporate earnings projections
  • Balancing Interest Rates, Geopolitical Risks, and Election Outcomes: The interplay between savings and borrowing in the current economy
  • Crafting Your Investment Strategy: Tailoring short and long-term investment plans. The importance of informed, emotion-free decision-making
  • And much more!

 

Resources:

Connect with Matt Nelson: 

Connect with Matthew Finley: 

Connect with Perspective 6 Group:       

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