Afleveringen
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This episode focuses on getting your footing while scaling up and down the "mountain" in retirement. A recent once-in-a-lifetime client experience provided the Granite Bridge team a new perspective, and they share the story in this episode.
Key Topics:
How climbing Mount Everest parallels retirement planning.
Why expert guidance matters in your financial journey.
The challenge of spending wisely in retirement.
Adapting to unexpected changes with confidence.
Why the descent (retirement) requires a new strategy.
Customizing your financial plan for your unique goals.
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
Are your investments in line with your risk tolerance and comfort zone? In this episode of Wealth on Purpose, hosts Brian Diffily and Brian Hartmann discuss the importance of understanding your personal risk tolerance and risk capacity. Listen in for some easy-to-implement takeaways that can impact your portfolio and financial future.
Key Topics:
The concept of risk tolerance and risk capacity
Differentiating emotional risk tolerance from scientific risk capacity
The importance of assigning risk levels to different financial buckets
Strategies for balancing risk across cash, investments, and retirement funds
How market cycles influence investment strategies
Encouraging regular reviews of risk tolerance
Utilizing Monte Carlo simulations to stress test portfolios for better decisions
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
Zijn er afleveringen die ontbreken?
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Hanna Puetter joins the Wealth On Purpose podcast to discuss her inside view and expertise around insuring high-end homes, portfolio properties and luxury cars. In this episode, you'll hear why it is so important to have the right coverage to protect these assets and your wealth.
Key Topics:
Hanna Puetter emphasizes empathy in client relationships.
Hard market challenges with premiums and coverage.
Premium increases caused by catastrophic events and inflation.
Importance of updating policies after renovations.
Role of umbrella policies in liability risk management.
Example of a well-managed high-value claim.
Benefits of specialty carriers for high-net-worth clients.
Connect with us:
Hanna Puetter
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Windermere Insurance Group
Granite Bridge Wealth -
In this episode of Wealth on Purpose, Granite Bridge Advisor, Dalton Heffel, shares his life changing moment when his uncle encouraged him to buy his first stock at age 13. This experience led him to be able to guide parents and grandparents through some of the most important conversations they can have with their next generation. The conversations matter and Dalton will share his tips on how to get started.
Key Topics:
Dalton’s journey of turning snow-shoveling money into his first stock portfolio at age 13.
How zero commissions and fractional shares make investing more accessible than ever.
The incredible advantages of investing early, leveraging the power of compounding.
Tips for parents to set their kids up for financial success with UTMA or 529 accounts.
Engaging young investors by connecting them to brands and products they love.
The importance of consistency and staying invested during market ups and downs.
No matter your age, it’s never too late to start—take action today to secure your future.
Connect with us:
Dalton Heffel
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
In this episode of Wealth on Purpose, Brian and Brian talk about well-known and less-known benefits that come along with service to the US Armed Forces.
This episode is a must-listen for veterans, families of vets and spouses of veterans.
Key Topics:
Why all veterans, not just those with disabilities, should explore VA benefits.
Overview of VA loan advantages, including no down payment and no private mortgage insurance.
Educational support through the Post-9/11 GI Bill, covering tuition and housing, with options to transfer to family.
Career transition support, including certifications to translate military skills for civilian jobs.
Explanation of VA disability benefits, including compensation and free medical support.
The importance of acknowledging veterans’ service and helping them transition smoothly.
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
Medicare Specialist, Adam Chubb, CLU, joins the Wealth on Purpose hosts for a conversation around the complexities of Medicare. Choosing the right plan is more important than you may think. This episode is a must-listen to anyone who is approaching Medicare age or already using Medicare.
Key Topics:
Medicare timelines: when to sign up for Parts A and B if nearing age 65 or retiring
Coordinating with HR to confirm creditable coverage and understand how company size affects options
Overview of Parts A (hospital), B (medical), and D (prescription drugs)
Consequences of missing enrollment deadlines, including lifelong penalties
Regularly review Medicare plans to ensure they meet changing needs
Importance of finding trusted sources to avoid confusion from conflicting advice
Upcoming Medicare changes, including prescription drug cost caps, and their impact
Connect with us:
Adam Chubb, CLU
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Pinnacle Life
Granite Bridge Wealth -
In this episode of Wealth on Purpose, Brian Diffily asks Brian Hartmann to go deep on common real estate questions and strategies. Hear from Hartmann on how best to take advantage of current tax codes specific to investment properties and multigenerational real estate investing. What is a stepped-up cost basis? What is a 1031 exchange? Learn about these strategies and more in this episode.
Key Topics:
Capital gains tax exclusions for selling a primary home, with limits for singles and couples
Rules for qualifying a home as a primary residence and avoiding state tax issues
Tax-efficient strategies for passing property to heirs, including the step-up in cost basis
Managing vacation homes, addressing family dynamics, and using trusts to ease financial burdens
Deferring taxes through 1031 exchanges when reinvesting in like-kind properties
Simplifying real estate portfolios with Delaware Statutory Trusts (DSTs) for passive income
Considerations for control and liquidity when investing in real estate through DSTs
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
This episode takes a deep dive into the financial issues that are often overlooked but can have a monumental impact on your long-term wealth. In this episode, we're tackling a critical topic: how long-term care can pose a greater threat to your financial future than the fluctuations of the stock market.
While stock market volatility is a well-known concern for investors, long-term care needs are becoming an increasingly significant financial burden that many aren’t fully prepared for. We’ll explore why the cost of extended care—whether it's nursing home stays, assisted living, or in-home care—can dramatically erode your savings and impact your financial stability more profoundly than market downturns.
Key Topics:
Understanding the financial risks beyond the market: focusing on personal long-term care needs
Defining long-term care and its differences from regular health care expenses
Examining insurance options and planning strategies for long-term care
Real-life implications and personal stories reflecting the need for long-term care planning
The importance of family communication and planning for care scenarios
Advice on how to initiate conversations about long-term care within families
Strategies for integrating long-term care planning into overall financial planning
Encouraging listeners to consult with professionals to tailor a personal long-term care plan
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
Modern day wealth management is more than just making investment returns. Brian and Brian share why stress testing your investments and financial plans is a game changer for meeting and exceeding your personal goals. This system allows individuals, business owners and families to answer the timeless question "Will I be ok?" by applying Monte Carlo analysis. What's YOUR score?
Key Topics:
Introduction to stress testing in personal finance
The importance of proving financial stability and preparedness
Explanation of the Monte Carlo simulation and its application in financial planning
Real-life examples of how stress testing influences financial decisions and confidence
Discussion on the importance of communication and detailed planning with financial advisors
How different life events and changes can impact financial planning and required adjustments
The role of advanced analytics and simulations in achieving financial peace of mind
Encouragement for listeners to engage actively with their financial planners to ensure their investments and savings align with personal goals and life changes
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
You may have more in common with Micheal Jackson, Prince, and Heath Ledger than you suspect. In this episode, we discuss estate planning issues that are commonly overlooked (even among the world's most famous celebs) and are easily corrected. Trusts, Wills and how they best serve your family.
Key Topics:
Importance of comprehensive estate planning highlighted through celebrity examples
Necessity of maintaining updated estate documents like Wills and Trusts
Risks of ambiguous language in estate documents leading to legal disputes
Importance of communication among financial, legal, and tax advisors
Benefits of trusts for privacy and clear asset distribution directives
Need for regular reviews and updates to estate plans after life changes
Advice on proactive engagement in estate planning to reflect current wishes
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
As more families share the need for their children and grandchildren to be part of their financial plan, advisors are building professional teams to support each member of the family at their unique phases in life.
In this episode of Wealth on Purpose, Dalton Heffel joins Brian and Brian to discuss how Granite Bridge Wealth Management has become a top choice for clients with this need.
Key Topics:
Understanding the impact of the great wealth transfer occurring globally
Importance of communication in preparing families for wealth transition
Strategies to ensure wealth transitions smoothly without damaging family relationships
The role of advisors in facilitating these transitions effectively
Methods to engage younger generations in wealth management and preparation
Importance of aligning family values with wealth transition strategies
Effective practices for hosting family meetings about wealth transition
Connect with us:
Dalton Heffel
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
In this episode of Wealth on Purpose, several members of the Granite Bridge Team discuss the evolution of financial planning advice. The team model brings multiple professionals together all working collectively to prepare families for their futures.
Key Topics:
Importance of a team approach in holistic financial planning
Benefits of having diversified expertise within a single advisory team
Coordination of schedules and efforts to optimize client interactions and solutions
Integration of various professional roles to address complex client needs
Impact of team dynamics on client service and satisfaction
Comparison of individual vs. team advisory models in financial planning
Future directions for team-based practices in the financial industry
Connect with us:
Julie Turk
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
In this episode of Wealth on Purpose, Hosts Brian Diffily and Brian Hartmann, CFP® sit down with Nick Cantatore and discuss the ever-changing environment around Property Insurance. Why are rates going up? How best can you cover your family's important assets? Nick, an insurance professional with a passion for teaching, answers these questions and more.
Key Topics:
Nick’s background and transition from education to insurance
The importance of understanding your insurance policy
Nationwide rate increases and the role of reinsurance
The impact of regional and global events on insurance premiums
The value of having a knowledgeable insurance agent
Educating clients to make informed decisions about their coverage
Connect with us:
Nick Cantatore
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Home Insurance Agency
Granite Bridge Wealth -
In this episode of Wealth on Purpose, hosts Brian Hartmann, CFP® and Brian Diffily share their Top 5 takeaways & impacts of this legislation in an easy-to-understand format. See how the changes brought about by the Secure Act can affect your retirement.
Key Topics:
Secure Act adjustments to the age for required minimum distributions (RMDs)
Updates on catch-up contributions to retirement plans
New tax credits for small businesses starting 401(k)s
Changes to 529 plans allow for more flexibility
Major alterations to the rules around inheriting IRAs and the introduction of a 10-year distribution rule
Strategies for optimizing retirement income in light of the new RMD ages
The impact of the Secure Act 2.0 on estate planning and inheritance strategies
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
In this episode of Wealth on Purpose, Hosts Brian Hartmann, CFP® and Brian Diffily discuss the importance of introducing financial literacy to younger ages. Having conversations about creating a healthy relationship with money early on.
Key Topics:
The importance of discussing financial literacy with children
Strategies for initiating conversations about money with kids of all ages
Addressing the role of schools and parents in financial education
Practical advice for parents on integrating financial discussions at home
Tips for making financial conversations engaging and age-appropriate for children
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
In this episode of Wealth on Purpose, Hosts Brian Hartmann, CFP®, and Brian Diffily share quick and easy to implement tips on becoming better prepared for your future. Who are you today? From young investors needing basic financial advice to wealthy investors looking to fine tune their portfolio, this 19-minute episode is for you.
Key Topics:
Importance of starting early with investment management and financial planning
Overview of term insurance and its benefits for young families
The critical role of updating beneficiaries on insurance policies
Strategies for building wealth systematically over time
The transition from mutual funds to individual stock and bond ownership for high-net-worth investors
Importance of having purpose-driven investments and insurance policies
Tips for conducting a financial inventory to ensure alignment with current life stages
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
In this episode of Wealth on Purpose, hosts Brian Diffily and Brian Hartmann are joined by Tom Trouche, Regional President & CEO of ServisFirst Bank to share his insights on banking and the importance of genuine relationships. Tom graciously shares stories from how business loans become the fuel of a successful business to how entrepreneurs sell their companies and enjoy the remainder of their lives.
Key Topics:
Introduction of Tom Trouche and his banking background
The role of technology in banking and business
Importance of trades and adapting to change
Strategies for small business success
The significance of family in business and financial planning
Building a trusted professional network
Personal anecdotes and insights from Tom's career
Connect with us:
Tom Trouche
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
ServisFirst Bank
Granite Bridge Wealth -
"Ah Ha" moments happen when both spouses (or partners) participate in financial planning conversations. In this episode of Wealth on Purpose, Hosts Brian and Brian discuss the importance of both voices being heard in order to achieve your family's financial goals.
YOU have the potential to set the standard for your family's multigenerational financial habits.
Key Topics:
Importance of having both spouses involved in financial planning meetings
Benefits of a two-pronged approach: communication and understanding goals
Spouses may have different perspectives but share the same goals
Financial advisors can't be a true fiduciary without knowing both parties
Importance of holistic financial planning for the entire family
Decisions made with half the information can lead to gaps
Children are watching and learning from financial decisions made by parents
Importance of preparing surviving spouse for future financial decisions
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
In this episode of Wealth on Purpose, Hosts Brian Diffily and Brian Hartmann are joined by Julie Turk, Client Experience Specialist at Granite Bridge Wealth.
They discuss how photo albums mean just as much to us as financial statements do when we plan for our clients' futures. Our team goes deep on what we believe clients should personally expect from a financial planning experience.
Key Topics:
The journey to becoming a dedicated client experience specialist
The importance of personal touch in client interactions
Leveraging stories to enhance client relationships
The impact of face-to-face meetings on long-term client engagement
Strategies for making financial planning a comfortable and reassuring experience for clients
The role of effective communication in building trust and understanding with clients
Ensuring clients feel heard, valued, and confident in their financial planning journey
Connect with us:
Julie Turk
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
Granite Bridge Wealth -
In this episode of Wealth on Purpose, hosts Brian Diffily and Brian Hartmann discuss the different roles financial advisors can play in your life. Not all advisors are serving clients equally or the same way.
This episode sheds light on what individuals can expect from their advisor and advisory team. What is Granite Bridge's FIRST DATE??
Key Topics:
The common misconceptions about financial advisors and their roles
The importance of clear communication and understanding client needs
How Granite Bridge Wealth Management approaches client relationships
The adaptability of financial plans to life's changing circumstances
The holistic approach to financial planning, beyond just investment advice
The significance of a team approach in managing client relationships
How Granite Bridge Wealth Management ensures comprehensive coverage of all financial aspects for their clients
Connect with us:
Brian Diffily
Brian Hartmann, CFP®
Visit our website:
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