Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrieli, CFP, is joined by Andrew Barhardt, CFP, to explore how charitable contributions can be optimized for tax efficiency. They discuss practical strategies such as donor-advised funds, gifting appreciated stock, and estate planning techniques to ensure your generosity also leads to tax benefits. Whether you're navigating a high-income year or planning your legacy, this episode offers valuable insights to help you give wisely.

Tune into this episode to also learn:

● How donor-advised funds can provide flexibility and immediate tax deductions.

● The benefits of gifting appreciated stock to eliminate capital gains taxes.

● When charitable remainder trusts (CRTs) are appropriate for advanced planning.

● Why designating charities as IRA beneficiaries can be a smart estate strategy.

What we discussed

● [00:00:06] Why many charitable contributions don't provide tax benefits under current standard deduction rules.

● [00:02:45] Introduction to donor-advised funds and how they work.

● [00:05:29] When donor-advised funds are most advantageous, especially in high-income years.

● [00:07:12] How deduction bunching can help maximize tax deductions.

● [00:11:37] Gifting appreciated stock to avoid capital gains taxes.

● [00:14:00] Overview of advanced charitable trusts like CRATs and CRUTs.

● [00:17:03] The best assets to leave to charity versus heirs in estate planning.

● [00:18:26] The importance of tax-efficient charitable giving both during life and after death.

3 Things To Remember

1. Donor-advised funds offer a flexible way to manage charitable giving while optimizing tax deductions.

2. Gifting appreciated assets can eliminate capital gains taxes and enhance the impact of your donations.

3. Strategic estate planning ensures that both your heirs and charities benefit in the most tax-efficient manner.

Useful Links

Connect with Jason Gabrieli: https://www.linkedin.com/in/jasongabrieli

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Learn more about HFM HERE

Schedule time to speak with us HERE

Welcome back to the Dollar Wise Podcast. In this episode, Catherine Allen-Carlozo and Tyler Reedman dive into an unconventional yet valuable topic: what happens to your travel rewards—points, miles, and loyalty perks—when you pass away? Prompted by a real client experience, the discussion unpacks how various credit card, airline, and hotel programs treat reward balances after death and what estate planning strategies can help preserve them for loved ones. Tune in for an eye-opening conversation that blends financial planning with travel hacking insights.lth without fear.

Tune into this episode to also learn:

● Why you don’t technically own your points or miles.

● How to plan ahead to preserve rewards for your loved ones.

● The importance of sharing logins and digital access with trusted individuals.

● Which travel rewards programs allow for point transfers—and which don’t.

What we discussed

● [00:01:14] How a client’s passing revealed the complexities of transferring travel points after death.

● [00:02:27] Travel hacking 101: how to use credit card points and loyalty programs for nearly free trips.

● [00:04:50] Why points aren’t considered your property and how that affects estate planning.

● [00:05:45] The critical importance of having logins and account access in estate prep.

● [00:07:19] Common pitfalls with two-factor authentication and password managers.

● [00:09:06] Best practices for storing login info and digital credentials securely.

● [00:10:18] Including travel rewards in your estate plan: who inherits and how to designate.

● [00:12:19] Each airline and hotel chain has its own rules—know them in advance.

● [00:13:22] Credit card churning, signup bonuses, and the art of responsible travel hacking.

3 Things To Remember

1. Your travel points and miles aren’t considered your property—so don’t assume they’ll automatically transfer.
2. Document login credentials, security questions, and instructions for accessing key accounts.
3. If travel rewards matter to you, consider including them specifically in your estate plan or will.

Useful Links

Connect with Catherine Allen-Carlozo: https://www.linkedin.com/in/catherineballen

Connect with Tyler Reedman: https://www.linkedin.com/in/tyler-reedman-cfp%C2%AE-8b29a6101/

Like what you’ve heard…

Learn more about HFM HERE

Schedule time to speak with us HERE

Welcome back to the Dollar Wise Podcast! In this episode, Catherine Allen-Carlozo, a Certified Financial Planner at HFM Investment Advisors, explores the transition from being a saver to a spender in retirement. Many retirees struggle with the fear of spending their savings, worrying about outliving their money, market crashes, or unexpected medical expenses. Catherine shares practical strategies to build confidence in spending, create a structured withdrawal plan, and align financial decisions with personal values and goals. If you’ve worked hard to save for retirement, this episode will help you shift your mindset and enjoy your wealth without fear.

Tune into this episode to also learn:

• How to create a steady and predictable income in retirement.
• The 4% withdrawal rule—what it is and how to apply it.
• The importance of having a “fun fund” to enjoy your wealth.
• How working with a financial advisor can provide clarity and peace of mind.

What we discussed

• [00:00:50] The challenge of transitioning from saving to spending in retirement.
• [00:01:36] Why many retirees feel fearful or restricted about using their savings.
• [00:02:10] The importance of shifting from a scarcity mindset to an abundance mindset.
• [00:03:01] Creating a structured withdrawal strategy to mimic a paycheck.
• [00:03:49] Understanding the 4% withdrawal rule and how it works as a guide.
• [00:04:46] How setting up a "fun fund" can help retirees enjoy their money guilt-free.
• [00:05:37] The role of a financial advisor in building a plan and running “what if” scenarios.
• [00:06:21] Recognizing that you saved for this moment—now it’s time to enjoy it!
• [00:06:45] Why couples need to discuss their money personalities and financial goals.
• [00:07:26] How retirees can use their wealth to create meaningful experiences.
• [00:07:55] Why single retirees should have a financial advocate or “financial friend.”

3 Things To Remember

1. Retirement savings exist to support a purpose-driven life—define what that purpose is.
2. 
   
3. Having a structured withdrawal plan provides confidence and financial security.
4. 
   
5. You worked hard to save for retirement—now give yourself permission to enjoy it!

Useful Links

Connect with Catherine Allen-Carlozo: https://www.linkedin.com/in/catherineballen

Like what you’ve heard…

Learn more about HFM HERE

Schedule time to speak with us HERE

Welcome back to the Dollar Wise Podcast! In this episode, Jason takes a deep dive into the key financial events of 2024. From understanding the S&P 500's stellar 25% performance to exploring the nuances of inflation, unemployment, and GDP growth, Jason provides a comprehensive reflection on a remarkable year for both the stock market and the economy. He also tackles pressing questions about investment strategies, including the role of diversification, the pitfalls of over-relying on dividends, and how to align your portfolio with your long-term goals. If you're wondering how to stay grounded in the face of market unpredictability, this episode is for you.

Tune into this episode to also learn:

• Why 2024 was a standout year for the S&P 500 and what contributed to its success.
• How inflation and unemployment trends impacted the broader economy.
• The ongoing challenges in the bond market and what it means for diversified portfolios.
• The historical performance of dividend-paying stocks versus a total return approach.

What we discussed

• [00:00:00] An overview of 2024's financial landscape, including S&P 500 growth and economic indicators.
• [00:01:45] Key factors behind inflation stabilization and its effect on the market.
• [00:04:57] Challenges in the bond market since 2022 and its interplay with rising interest rates.
• [00:07:45] The appeal and misconceptions of dividend-focused investment strategies.
• [00:11:23] Historical data on dividend stock performance versus total return strategies.

3 Things To Remember

1. The S&P 500's 25% growth in 2024 highlights the importance of long-term investment strategies over short-term predictions.
2. Diversification remains a cornerstone of resilient portfolios, even when certain asset classes, like bonds, underperform.
3. Overweighting dividend-paying stocks may seem appealing, but historical data suggests that a total return approach often yields better results.

Useful Links

Connect with Jason Gabrieli: LinkedIn

Like what you’ve heard…

Learn more about HFM HERE

Schedule time to speak with us HERE

Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrieli, a certified financial planner at HFM Investment Advisors, discusses the increasing interest in multi-year guaranteed annuities as interest rates rise. With more clients and insurance agents inquiring about these products, Jason dives into the pros and cons, potential pitfalls, and considerations to make before adding them to your financial plan. If you're curious about annuities or have received pitches recently, this episode will provide you with essential information to help you make informed decisions.

Tune into this episode to also learn:

• How higher interest rates impact financial products like annuities.
• 
  
• The differences between various types of annuities and their specific uses.
• 
  
• Key considerations for incorporating multi-year guaranteed annuities into your financial plan.
• 
  
• Potential disadvantages of annuities, including tax implications and reinvestment rate risks.

What we discussed

• [00:00:30] Introduction to the episode and topic of multi-year guaranteed annuities.
• [00:01:32] Overview of how rising interest rates impact savings and investment products.
• [00:02:37] Explanation of multi-year guaranteed annuities and their function compared to CDs.
• [00:05:32] Pros and cons of multi-year guaranteed annuities, including principal protection and fixed rate benefits.
• [00:08:30] Tax implications of annuities and how they differ from other investment vehicles.
• [00:09:32] Inflexibility and surrender charges associated with early withdrawals from annuities.
• [00:10:35] Reinvestment rate risk and considerations for long-term financial planning.
• [00:11:40] Determining if an annuity fits into your financial plan based on the purpose of the money.
• [00:13:30] Final thoughts on choosing financial products that align with your financial goals.

3 Things To Remember

1. Annuities can provide principal protection and fixed returns but are not always the best fit for long-term investments.
2. Understand the tax implications of annuities, especially when withdrawing growth before principal.
3. Evaluate your financial plan carefully to ensure the products you choose align with your short-term and long-term goals.

Useful Links

Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn

Like what you’ve heard…

Learn more about HFM HERE

Schedule time to speak with us HERE

Check out our Financial Wellness Program – HFM Ignite

Welcome to this episode of the Dollar Wise Podcast. In this episode, Jason Gabrieli discusses the growing concern around election outcomes and their potential impact on investments. With the media heightening fear and uncertainty, Jason offers insight into why emotions can mislead investors and how focusing on long-term goals is essential. He also explains how historical data shows a limited correlation between presidential elections and stock market performance. Jason reminds us to control what we can and stay disciplined in our investment strategy.

Tune into this episode to also learn:

• How to stay disciplined with your investments during election cycles.
• The limited impact of politics on stock market performance.
• How media coverage heightens election anxiety.
• The importance of focusing on long-term goals instead of short-term fears.

What we discussed

• [00:01:35] Why election outcomes create anxiety and how media stirs fear.
• [00:04:50] The limited impact of presidents and politicians on stock market trends.
• [00:07:45] Why diversification remains key, no matter the political climate.
• [00:09:55] The role of the 24-hour news cycle in compounding fears.
• [00:12:30] Focusing on what you can control, like staying disciplined with your strategy.

3 Things To Remember

1. The impact of elections on the stock market is often overstated; long-term trends tend to rise despite political shifts.
2. Staying disciplined with a well-diversified investment strategy is key during times of uncertainty.
3. Media-driven fear can distort reality; control your exposure to news and focus on your long-term financial goals.

Useful Links

Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com

Like what you’ve heard…

Learn more about HFM HERE

Schedule time to speak with us HERE

Welcome back to the Dollar Wise Podcast. Jason Gabrieli is joined by Andrew Barnhardt from the HFM team as they explore tax strategies related to charitable giving, focusing on the benefits of Qualified Charitable Distributions (QCDs) from IRAs. The discussion covers how changes in the tax code impact charitable deductions, who can benefit from QCDs, and key considerations when planning your charitable contributions. This episode is designed to help listeners optimize their charitable giving while maximizing tax benefits.

Tune into this episode to also learn:

• How changes in the standard deduction impact your charitable contributions.
• The eligibility criteria and benefits of making a Qualified Charitable Distribution.
• Strategic planning for minimizing required minimum distributions (RMDs) through charitable giving.
• Common pitfalls and best practices when executing QCDs.

What we discussed

• [00:02:00] The impact of the Tax Cuts and Jobs Act of 2017 on charitable contributions and tax deductions.
• [00:03:00] Introduction to Qualified Charitable Distributions (QCDs) and their benefits.
• [00:05:00] Eligibility for QCDs and the age requirements for taking RMDs.
• [00:07:38] How QCDs can satisfy RMDs and reduce taxable income.
• [00:09:00] Planning strategies for using QCDs to reduce future RMDs.
• [00:11:16] Important considerations and limitations when using QCDs.

3 Things To Remember

1. Qualified Charitable Distributions (QCDs) allow you to give to charity while avoiding the taxes typically associated with IRA withdrawals.
2. QCDs can be used to fulfill required minimum distributions (RMDs) without increasing your taxable income.
3. Always ensure QCDs are sent directly to the qualified charity to satisfy IRS requirements and keep detailed records for tax purposes.

Useful Links

Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn

Connect with Andrew Barnhardt: LinkedIn

Like what you’ve heard…

Learn more about HFM HERE

Schedule time to speak with us HERE

Check out our Financial Wellness Program – HFM Ignite

Welcome back to the Dollar Wise Podcast. In this episode, Jason Gabrieli is joined by Brittany Tedesco from Bratton Law Group to discuss the essential steps and considerations when dealing with the death of a loved one. The conversation covers the importance of having a will, the difference between probate and non-probate assets, and practical advice on how to manage estate administration effectively. This episode aims to provide listeners with crucial insights to ease the burden during such challenging times.

Tune into this episode to also learn:

• Key steps to take immediately after a loved one passes away.
• The role of a funeral representative in estate planning.
• Differences between probate and non-probate assets.
• Practical tips for managing estate accounts and distributions.

What we discussed

• [00:02:00] Immediate steps to take after a death, including waiting periods and obtaining death certificates.
• [00:04:13] Essential documents for estate planning: wills, powers of attorney, and HIPAA releases.
• [00:07:56] Differentiating between probate and non-probate assets and their impact on estate administration.
• [00:10:38] Opening an estate account and managing the deceased's assets.
• [00:13:22] Filing inheritance tax returns and handling the estate's financial obligations.
• [00:16:44] Preparing executors for their roles and ensuring open communication with beneficiaries.
• [00:19:22] The importance of updating beneficiary information and having detailed records.

3 Things To Remember

1. Always have essential estate planning documents in place, including a will and powers of attorney.
2. Understand the difference between probate and non-probate assets to streamline the estate process.
3. Open communication with your executor and family members can significantly ease the estate administration process.

Useful Links

Connect with Jason Gabrieli: LinkedIn

Connect with Brittany Tedesco : btedesco@BRATTONLAWGROUP.COM

Like what you’ve heard…

Learn more about HFM HERE

Schedule time to speak with us HERE

Check out our Financial Wellness Program – HFM Ignite