The SECURE Act 2.0 has brought significant changes to retirement planning in 2023 and beyond, especially in IRA and 401(k) plans.
In this episode, Robert Curtiss shares key highlights from the SECURE Act 2.0 and how you can use the new provisions to save in taxes, contribute more effectively to your retirement accounts, and improve your overall retirement picture.
Rob discusses:
How’s the SECURE Act 2.0 impacting required minimum distributions (RMDs)
When you might be able to accelerate your retirement savings
Legislative changes starting in 2024 (which you should start thinking about now)
Major changes around 529 plans, catch-up contributions, and Roth conversions
As time passes, client needs (and government regulations) surrounding retirement accounts change.
So, what are some considerations advisors need to think about when it comes to building future retirement accounts?
In this episode, Robert Curtiss looks into the future. From company improvements to how government changes to retirement accounts will impact 401(k) contributions. Rob shares how he balances service to others with service to himself while still focusing on providing clients the financial care they need.
Rob discusses:
His approach to creating an impeccable experience for his clients
What makes him different from other practices
His focus on financial planning as the needs of his client base shifts
Ways the increase in retirement contribution will change retirement planning
Building tax strategies around investment plans provide a layer of security to reduce the cost of returns while allowing you to further invest that money.
In this episode, Robert Curtiss is joined by Sam Miller, the director of research and marketing at Signature Estate & Investment Advisors (SEIA). Sam unpacks the different types of investment options clients can consider, how they fit within portfolio planning, and the importance of including a tax planner in your investment planning.
Sam discusses:
His role at SEIA and his approach to portfolio construction and investment selection
How he separates alternative investments based on how fiduciarily responsible they are for their clients
What additional elements have opened up in the wake of inflation to diversify portfolios
Strategies to liquefy a singular long-term investment while avoiding a huge tax cost
The tax planning associated with capital gains and qualified opportunity zone funds
Sam Miller, CFA®, CFP®, CAIA® is the Director of Research & Marketing and a member of the SEIA investment management and research department, where he contributes thought leadership and expertise to the due diligence, portfolio construction, and investment selection processes. He works closely with SEIA’s Investment Committee to formulate and communicate opinions on the economic and investment environment.
Looking Into The Future of The Millionaire Next Door (Ep.18)
With everything that has happened in the past few years, financial planning firms have evolved — not only in the way they serve but also in where they are heading.
In this episode, Robert Curtiss explores the past and future of his practice. He shares some areas his firm has expanded on, touching on aspects outside of traditional finance, such as his podcast and all things client experience.
Rob discusses:
The elements he has added to his practice for the benefit of his clients
Ways he develops the relationship with clients to make the financial planning process easier
Some financial planning improvement areas he’s looking to focus on
A new way to look at actions taken today and how they will bloom in the future
What you should know about his practice management approach
Humans have a longer life expectancy today compared to the last 20 years.
However, the cost of long-term care and an increase in patients with dementia and Alzheimer’s has changed the way we consider long-term care planning.
In this episode, Anthony Ridd from Crump Life Insurance Services joins Robert Curtiss to explain the role of long-term care planning when it comes to financial planning. Anthony shares how the current life expectancy and a higher consciousness towards mental and physical health play a role in the what, when, where, and how of long-term care.
Rob and Anthony discuss:
How to start the conversation around long-term care policies and funding options
When is the right time to start planning for long-term care
Ways health conditions such as dementia and Alzheimer’s have impacted the way people plan for long-term care
Return of premiums and ways they fit within long-term care planning
Anthony Ridd is with Crump Insurance Services, a national insurance broker-dealer. His role is to support a select group of financial professionals, including Robert Curtiss and SEIA, in the area of risk management. Robert regularly uses his services and brings him in where appropriate for client conversations as part of his Value Added Support Team (VAST).
Whether it’s sports or business, a good coach or mentor can help you challenge yourself and raise the bar for your professional growth.
A year ago, Robert Curtiss started working alongside a coach to up his business and come up with several systems and processes to better serve clients.
In this episode, Rob sits down with his business coach Mike Cy from Pareto Systems. They unpack the importance of being coachable as a business leader while unveiling the pandemic and its role in helping advisors adapt to a new business model.
Robert and Mike discuss:
The value of working outside of your comfort zone
Reasons the second generation found money is different from the first generation earned money
The importance of focusing on what you can control
Ways a refined and developed business process can help you better serve your clients
Client experience and tips on building a valuable client-advisor relationship
How to determine if clients and advisors are the right fit for each other
Mike “Cy” Cajthaml Jr. has enjoyed a 14-year career in the financial services industry. Mike is a passionate and energetic leader that enjoys developing business refinement and practice management strategies and thrives on helping his clients achieve their goals.
He got his start in the industry at a large insurance-marketing organization where he consulted financial advisors across the country with product and marketing solutions for their businesses. It was during his time with this firm that he was introduced to Pareto Systems and began learning about the Pareto Process.
After six years of coaching and consulting advisers, Mike decided to become a financial advisor himself and built a practice with his father in Overland Park, KS. Together they managed millions of dollars of assets and utilized various insurance-based products. In an incredibly competitive marketplace, Mike knew the value of creating professional contrast and began implementing many of Pareto’s processes.
Modernizing The Human Resources Role with Annissa Deshpande (Ep. 15)
The role of an HR professional has changed over the past few decades.
While hiring the best talent is just one aspect of the job, the role of the human resources specialist now covers everything from legal compliance to workforce motivation.
In this episode, Annissa Deshpande, the CEO of lōglab, LLC, joins Rob Curtiss to unpack the four aspects of modern human resources. Annissa outlines how she has combined her knowledge and creativity to write a fiction novel about modern HR while navigating everything you need to know about hiring in this post-pandemic era.
Annissa discusses:
Her definition of modern HR and its application to businesses
Culture, organization, people, and rewards as the four dimensions of modern HR
Why company CEOs should read online reviews about their company
The value of businesses knowing how they differentiate themselves from their industry competitors
Switching from a traditional mindset to a modern mindset and the ways it impacts a company’s HR strategy
Her role as a coach and her approach to strengthening leadership development
After overseeing the successful hiring of over 20k people in 150 countries annually and leading internal talent initiatives as a former HR executive of a Fortune 500, Annissa Deshpande now combines her experience in finance, IT, and strategy to modernize HR for investor-backed and middle-market companies to achieve business outcomes and create a place where people love to work.
While many HR programs focus on compliance, Annissa helps teams think bigger, align with business goals, and create great experiences for employees.
Over the last 25 years, Annissa has helped her clients achieve all types of measurable business results, including growing revenue, improving profitability, evaluating the workforce implications of different business models, retaining key talent, avoiding layoffs, and making difficult workforce decisions when needed with compassion and respect.
When the waves become rocky, clients turn to their advisors for stability within their investments.
But what about financial advisors? How do they feel when faced with the same situation?
In this episode, Robert Curtiss shares insight into the role of financial advisors for clients, both in financial planning and as a pillar when the market becomes stormy. Rob unveils how he’s dealing with the current state of the economy as a person and a financial professional.
Rob discusses:
What types of conversations are advisors having with clients
The opportunity in unpredictable market waves
The role of financial advisors as a pillar within future client plans beyond their financial planning
How flexible is your retirement plan? Would you send money to the government or your employees?
In this episode, Robert Curtiss is joined by Kevin Manahan, vice president actuary at CMC Pension Professionals. Rob and Kevin unveil their collaborative approach to optimizing retirement plans for business owners and their employees with a focus on cash balance plans and taxes.
Rob and Kevin discuss:
Ways they tailor qualified retirement plans according to client needs and goals
The role of cash balance plans when it comes to selling your business in the future
The benefits of working alongside specialized professionals to optimize different areas of your financial and retirement plan
How supporting employees through financial planning can provide tax savings
Kevin Manahan is an enrolled actuary (EA) as well as a member of the Society of Actuaries (SOA) and the American Society of Pension Professionals and Actuaries (ASPPA). Kevin has been involved in reviewing EA enrollment exams for the Joint Board for Enrolled Actuaries. He has also spoken and conducted seminars for CPAs, brokers, and insurance clients.
