Episoder
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In this episode of Ditch the Suits, host Travis Maus sits down with Dr. Paul Gould, PhD, LICSW, a licensed clinical social worker and expert in anxiety and trauma, to unpack the mounting stress experienced by federal employees amid sudden funding cuts and workforce changes.
With nearly 35% of all U.S. jobs tied in some way to federal funding, these shifts are rippling across the economy—impacting individuals, families, and financial futures. Travis and Dr. Gould dive into the differences between stress, anxiety, and trauma, and explore the real emotional toll these changes are taking on people. They discuss why common reactions like “toughen up” may be more harmful than helpful, and how political polarization and media overload are intensifying people's sense of fear and uncertainty.
Most importantly, Dr. Gould offers practical, thoughtful advice on how to recognize and manage anxiety, maintain emotional well-being, and support others through challenging transitions. Whether you're directly affected or simply trying to make sense of the current climate, this episode delivers insights that are both grounding and empowering.
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🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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In this episode, Travis and Steve delve into the complexities of tariffs, egg prices, and the broader implications for financial futures. They challenge common narratives surrounding these topics, emphasizing the importance of understanding the underlying factors affecting prices and regulations.
The conversation highlights the role of supply issues, regulatory policies, and the misconceptions surrounding tariffs, ultimately advocating for a more informed perspective on economic issues.
One key is Travis stating, "Awareness of the media agendas is essential for clarity and olitical conversations should be rooted in intelligence, not vitriol."
They explore how tariffs serve as a mechanism for realigning competitive balance and discuss the importance of supporting local economies.
The conversation also touches on investment strategies in a changing market and the broader implications of U.S. economic policies on global relations.
Key Takeaways
Egg prices are high due to supply issues, not tariffs.Panic buying during crises can exacerbate price increases.Regulatory policies often dictate agricultural practices.Tariffs are a common tool used by many countries.The U.S. is not unique in its use of tariffs.Free trade, as commonly understood, does not exist.Understanding tariffs is crucial for informed financial decisions.There are opportunities in economic downturns.Emotional responses to economic news can cloud judgment.Sleeping on an issue can provide clarity and reduce emotional reactions.Tariffs are often misunderstood; they are not a direct tax on consumers.Local economies benefit when consumers prioritize local products.Investment strategies should consider the shifting dynamics of global trade.The U.S. economy is a significant player in the global market.Understanding tariffs can help consumers make informed choices.Consumer behavior is influenced by pricing and product quality.Economic policies can create opportunities for local businesses._________________________________________
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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In this episode, Travis and Steve discuss how to navigate market volatility, emphasizing the importance of understanding market corrections and crashes. They explore strategies for profiting during downturns, including Roth conversions and identifying investment opportunities.
The conversation highlights the wisdom of Warren Buffett, encouraging listeners to view market fluctuations as "opportunities rather than threats."
Key Takeaways
Market volatility can be leveraged for profit.Understanding the difference between market corrections and crashes is crucial.Market resets can create buying opportunities.Roth conversions during market downturns can maximize tax benefits.Investors should focus on the value behind stocks, not just their prices.Fear often drives poor investment decisions during market crashes.Strategic planning can turn market downturns into financial opportunities.Investing requires a long-term perspective, especially during volatility.Research is essential before making investment decisions during downturns.Market catastrophes can provide rare buying opportunities for savvy investors.___________________________________________
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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In this episode, Travis and Steve delve into the complexities of taxation, focusing on common mistakes individuals make regarding tax reduction strategies. They discuss the difference between tax loopholes and traps, the concept of tax loss harvesting, and the risks associated with market timing. The conversation also covers the implications of deferring income taxes, the challenges of capital gains, and the strategic use of the zero percent tax bracket.
Together, Travis and Steve emphasize the importance of understanding tax rules to avoid costly mistakes and maximize financial outcomes.
Takeaways
Understanding the difference between tax loopholes and traps is crucial.Tax loss harvesting can be beneficial, but it comes with risks.Market timing can lead to missing significant market gains.Deferring income taxes may create future tax burdens.Capital gains taxes can be avoided through strategic planning.Living in a zero percent tax bracket can be misleading.Projections are essential for effective tax planning.Selling investments to avoid capital gains can be detrimental.Tax strategies should align with long-term financial goals.Professional guidance is vital for navigating complex tax situations.____________________________________________
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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We're diving deep into the world of financial planning with our awesome guest, Jeff Chase! Jeff is Vice President of Financial Planning and a Senior Wealth Manager at S.E.E.D. Planning Group.
This episode shines a spotlight on the critical importance of choosing not just a financial planner, but the right firm that supports them. We discuss how organizations can make or break your financial journey, focusing on the concept of "bench strength"—essentially, what happens when your go-to planner is unavailable or out of the office.
Plus, we’ll explore the evolution of financial planning at S.E.E.D. and how we cater to a diverse range of clients, from those just starting to those with serious wealth.
Takeaways:
Understanding the difference between a financial planner and the actual 'real deal' planner is crucial for your financial health and peace of mind. The importance of bench strength in financial planning teams is highlighted, as not having a backup during your planner's vacation can lead to chaos. Choosing a financial planning firm is like finding a medical practice; you need a cohesive team that communicates well and puts your interests first.______________________________________
About Jeff Chase
Jeff is the Senior Vice President of Financial Planning at S.E.E.D. Planning Group, a fee-only financial firm committed to acting in its clients' best interests as a fiduciary.
He joined S.E.E.D. in 2020 and is a key member of the firm's leadership team. He currently oversees and leads the financial planning team which consists of nine financial planners and wealth managers.
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🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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Today, we're diving deep into the nitty-gritty of what makes a financial planner the "real deal." Our special series guest, Jeff Chase, VP of Financial Planning and Senior Wealth Manager at S.E.E.D. Planning Group is back with us, and together we're about to drop some insights that’ll help you see through all the shiny sales pitches out there.
We’re breaking down the art of financial planning and why it’s not just about throwing money at investments and calling it a day. Instead, it’s about crafting a tailored strategy that considers everything from taxes to healthcare, ensuring your financial future isn’t left to chance.
If you’re tired of cookie-cutter advice and pushy sales professionals and want to understand how to get the most out of your money, stick around because this episode is packed with insights that could change your financial game!
Takeaways:
In financial planning, knowing your goals is key; without it, you're just guessing. A solid financial plan should dictate your investments, not the other way around, folks. Meeting with clients regularly is essential; it's not just about selling products, it's about relationships. Solo practitioners in finance face unique risks, so having a team can be a game changer for clients. Understanding risk is crucial; sometimes being conservative can protect you better than chasing high returns. Navigating the world of financial products requires a keen eye to avoid unnecessary fees and pitfalls.About Jeff
Jeff is the Senior Vice President of Financial Planning at S.E.E.D. Planning Group, a fee-only financial firm committed to acting in its clients' best interests as a fiduciary.
He joined S.E.E.D. in 2020 and is a key member of the firm's leadership team. He currently oversees and leads the financial planning team, which consists of nine financial planners and wealth managers.
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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Our special guest, Jeff Chase, Senior Vice President of Financial Planning at S.E.E.D. Planning Group, is back! In this episode, we're diving deep into financial planning and exposing financial advisors and professionals who might be more about sales than sound advice.
We'll break down how to distinguish experienced, qualified financial planners from those who are just in it for the commission—because when it comes to your financial future, you deserve a true professional, not just a salesperson.
We discuss how to find someone who’s not only got your back but also understands the game, helping you make sound decisions for your future. It's your money and life!
Takeaways:
Navigating the financial world can feel like a treasure hunt with no map; we need to be wise and cautious about who we trust with our cash. A good financial advisor isn't just selling you products; they should be helping you level up in life and finances, like your personal finance Yoda. Don't let financial jargon trip you up; understanding your own money situation is more important than ever in this complicated world. The key to financial planning is more than just numbers; it's about helping clients prioritize their goals and navigate life's financial rollercoaster with empathy.About Jeff
Jeff is the Senior Vice President of Financial Planning at S.E.E.D. Planning Group, a fee-only financial firm committed to acting in its clients' best interests as a fiduciary.
He joined S.E.E.D. in 2020 and is a key member of the firm's leadership team. He currently oversees and leads the financial planning team, which consists of nine financial planners and wealth managers.
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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Navigating the world of financial advising can feel like wandering through a maze blindfolded. Not every financial advisor is created equal—some have the credentials and expertise, while others just have the title. So, how can you tell the difference?
In this brand-new four-part series, we’re joined by Jeff Chase, Senior Vice President of Financial Planning at S.E.E.D. Planning Group. Together, we're pulling back the curtain on the financial advising industry and trying to help you better identify and spot the real deal when it comes to working with a financial professional.
Together, we break down the various titles floating around and uncover what truly separates a knowledgeable, trustworthy advisor from those just playing the part.
Tune in as we demystify the world of financial planning and help you make more informed decisions about your financial future!
Takeaways:
Understanding the difference between a so-called financial advisor and a truly qualified one is crucial for your financial future. The financial planning industry is filled with a plethora of misleading titles that often confuse clients about whom they can trust. Building a career in financial planning requires passion and dedication beyond just chasing the paycheck, which many professionals often overlook. Networking and learning from experienced colleagues can significantly accelerate your growth and understanding in the financial planning world.About Jeff
Jeff is the Senior Vice President of Financial Planning at S.E.E.D. Planning Group, a fee-only financial firm committed to acting in its clients' best interests as a fiduciary.
He joined S.E.E.D. in 2020 and is a key member of the firm's leadership team. He currently oversees and leads the financial planning team which consists of nine financial planners and wealth managers.
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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Have you ever felt like the stock market is rigged against you? Well, you’re not alone in that sentiment, but we’re here to pull back the curtain and show you that it’s all about understanding the rules of the game.
Throughout the episode, we argue that many investors are distracted by the flashy allure of 'instant wealth' while ignoring the real strategies that could lead to sustainable success. We illustrate how knowledge and strategy can turn the tables.
The conversation weaves through the emotional rollercoaster of investing, debunking the idea that markets are inherently unfair. Instead, they emphasize the importance of discipline and a solid investment thesis. By the end of this episode, you’ll be equipped with insights that make you question every investment decision you’ve ever made, and maybe even inspire you to approach your portfolio like a chess game—strategically and with purpose!
Takeaways:
In this episode, we dive into the misconception that diversification always leads to better investment outcomes, highlighting that understanding the rules of investing is key. We explore how many people perceive the stock market as rigged, and how this perception often stems from a lack of knowledge about investment strategies and market dynamics. Understanding the importance of having an investment thesis can dramatically improve your investment outcomes, as it helps guide your decisions in a strategic manner. The discussion emphasizes the necessity of being disciplined and structured in investing, reinforcing that successful investors are those who play to win rather than play not to lose.___________________________________________
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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Ever feel like the investment world is just one big emotional rollercoaster? Well, you’re not alone! We’re diving into the nitty-gritty of why the average investor is at a serious disadvantage and how to flip the script.
We kick things off by addressing the emotional rollercoaster that is the stock market, likening it to an emotional teenager throwing tantrums over price fluctuations. It’s all about understanding that while the market might be throwing a fit, we don’t have to join the chaos. We dive deep into the common pitfalls that trap everyday investors, highlighting the lack of knowledge about their own investments and the emotional decision-making that often leads to financial disaster.
Our conversation shifts to the practical side of investing, where we share Travis' top-ten actionable tips that folks can implement right away to regain control over their investment strategies. We’re talking about understanding what you own, looking past the price tag, and recognizing the real value of your investments
Takeaways:
Investing is more than just buying stocks; it's about owning a piece of a company that should generate future profits, and knowing how to evaluate that is key. Understanding your investment statements is crucial; they should tell you not just the price, but the value of what you own and the story behind it. Don't let price fluctuations dictate your investment decisions; focus on the underlying value and long-term potential of the companies you invest in. If you're not confident in a company's future, or the leadership behind it, it might be time to reconsider your investment strategy altogether.____________________________________________________
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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Would you like your investments to have more good days than bad days? Are you tired of logging in and seeing your investment account balances dropping? Why does the stock market feel like an emotional teenager throwing tantrums and making drama? Well, that's what we're diving into today!
We’re breaking down how the ups and downs of your investments mirror the wild mood swings of adolescence—think mood swings but with dollar signs. Between the media's sensational headlines and our natural urge to know “why,” we often find ourselves spiraling into panic mode.
We’re here to dish out some wisdom on how to remain calm and steadfast amidst the chaos and why, sometimes, sticking to the boring, steady path is the real way to win the investment game.
Takeaways:
The stock market behaves like an emotional teenager, having temper tantrums that leave investors questioning their choices. Investing isn't about quick gains; it's a long-term journey requiring discipline and patience, much like mastering a new skill. People often panic during market volatility due to the fear of losing money, missing the fact that markets naturally fluctuate over time. Understanding what you're invested in can help alleviate anxiety; many investors don't even know the details of their own portfolios.___________________________________________
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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This episode dives into why teaming up with a competent attorney is essential for your financial well-being, especially when it comes to estate planning. We’ve got our go-to legal expert, Kristen Luce, Partner at Coughlin and Gerhart LLP, back in studio to share how the right attorney can make all the difference in ensuring your assets are handled according to your wishes.
We chat about the importance of communication, transparency, and doing your homework when choosing legal professionals—because let’s be honest, nobody wants to leave their loved ones tangled in a legal mess. Ask those tough questions and gauge how they respond. The right professionals will be eager to help you navigate your unique situation with ease, not just shove you into a one-size-fits-all plan.
Plus, we tackle the misconception that estate planning is only for the elderly; hint: if you're 18 or have something you care about, it’s time to get your ducks in a row!
Takeaways:
Understanding the importance of vetting financial advisors and attorneys can significantly impact your financial future. Collaborative efforts between attorneys and financial advisors can lead to better outcomes for clients' estate planning needs. Don't skip out on estate planning; even young adults need to have their own legal documents in order. Beneficiaries can trump what’s in your will, so it's crucial to check your accounts regularly for accuracy. Choosing a fee-only financial planner can help eliminate conflicts of interest that might arise with commission-based advisors. Always communicate your wishes clearly; ambiguity in estate planning can lead to family disputes down the line._______________________________________________
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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Today, we're diving headfirst into the nitty-gritty of estate planning with our special guest, Kristen Luce, Partner at Coughlin and Gerhart, LLP, who knows this stuff like the back of her hand.
Our episode kicks off with a casual banter that sets the tone for a relaxed yet informative discussion. Kristen shares her journey and passion for helping clients navigate the often murky waters of estate planning. Together we discuss how many people feel overwhelmed and hesitant to start their estate planning because, let’s face it, nobody wants to think about their mortality. But Kristen reassures us that it’s all about getting organized and taking proactive steps. We touch on the importance of having a good team in your corner—fee-only financial planners and attorneys who actually communicate and work together.
Together, we unravel the mystery of why having a solid estate plan is essential, especially when life throws curveballs your way. We tackle the common misconceptions that make people hesitant to seek professional help and why you should throw your trust into the hands of someone who knows what they’re doing (spoiler alert: it’s not always the first Google result).
Kristen explains how you should navigate the legal labyrinth of financial planning, ensuring you don’t end up in a pickle when it counts the most.
Takeaways:
Ditch the Suits podcast is all about sharing financial insights that the industry prefers to keep hush-hush, helping listeners navigate their money matters like seasoned pros. The transition to Patreon is a game-changer, making past episodes accessible and ensuring you never miss out on new content, so hop on board! Estate planning isn’t a one-size-fits-all process; it’s crucial to work with an attorney who gets your unique situation and crafts a plan that truly reflects your wishes. Clients often struggle to get organized for estate planning, but with a solid questionnaire and guidance, the process can be smoother and less daunting than you think! Understanding the legal side of financial planning is essential, especially during tough times, as it helps to ensure your family’s stability and peace of mind in the future. Communication is key in estate planning; a good attorney listens to what’s important to you and explains things in plain English, avoiding the dreaded legalese.________________________________________
Ms. Luce joined Coughlin & Gerhart, LLP in 2007 and is a partner with the firm. She is chair of the firm’s Trusts & Estates Practice Group. Ms. Luce’s practice is concentrated in the areas of Estate Planning, Trust & Estate Administration, Guardianships, Adoptions, Litigated Estate Matters, and Real Estate. She practices in the firm’s main office, as well as the Owego branch office. She has been selected as a Rising Star among New York lawyers for Estate Planning from 2013 – 2018 by Upstate New York Super Lawyers magazine. In 2017 Ms. Luce was named in the 24th Edition of the Best Lawyers in America® in the practice area of Trust & Estates. Ms. Luce has been given this award every year since 2017 (for the Best Lawyers in America© for Trust & Estates).
Ms. Luce is a current member of the Broome County and New York State Bar Associations. She is a member of the New York Bar Association’s Elder Law and Special Needs Section. Ms. Luce previously served on the Board of Directors to the local American Automobile Association (AAA) Club. She is a past Co-Chair of the Broome County Bar Association’s Young Lawyers Committee. She served on the Board
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We’re diving deep into the world of trust (or lack thereof) in the financial services industry! This episode is all about how trust in your financial advisor should be more than just a warm fuzzy feeling; it needs to be backed by proactive planning and accountability.
We'll break down two compelling cases: one involving a major investment firm hit with a $17.5 million civil penalty for allegedly making misleading statements about its ESG-focused investments, and another where an advisor orchestrated a Ponzi scheme to deceive clients.
📢 We Want Your Input! Take our quick two-question survey here and tell us what’s most important to YOU when choosing a financial advisor.
Takeaways:
Trust in financial advisors is crucial, but it must be verified through their actions and performance standards. Beware of investment firms that claim high returns with little risk; if it sounds too good to be true, it probably is. A Ponzi scheme can happen to anyone; always do your homework before entrusting your money to an advisor. Investing should align with your values, but ensure your advisor is genuinely representing those values. Don't follow the flashy marketing; focus on the fundamentals of investing for long-term success.We'd love your input. Take our quick survey at https://forms.office.com/r/837zquxdET
Ponzi scheme source https://www.justice.gov/usao-ednc/pr/raleigh-investment-advisor-s-40-year-sentence-ponzi-scheme-and-obstruction-affirmed
article referenced about Invesco at https://www.mofo.com/resources/insights/241220-top-5-sec-enforcement-developments-for-november-2024
Volkswagen article at https://www.bbc.com/news/business-34324772.amp
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🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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In this special episode of Ditch the Suits, Travis and Steve break down the results of a recent survey that asked 1,000 investors working with financial advisors: What matters more—trust or performance?
Should it be just one thing or a combination? Don’t you deserve to work with someone who you can both trust not to rip you off and expect performance from? Join us as we challenge the status quo and discuss why clients should raise their expectations.
Key takeaways from the survey:
🔹 Why 72% of investors prioritize trust over performance
🔹 How proactive communication and a clear financial strategy build confidence
🔹 The top reasons clients leave their advisors—and how to avoid the same mistakes
📢 We Want Your Input! Take our quick two-question survey here and tell us what’s most important to YOU when choosing a financial advisor.
🎧 Tune in now and start getting the most from your money and life!
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We'd love your input. Take our quick survey at https://forms.office.com/r/837zquxdET
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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Jess Blake, Certified Trust and Fiduciary Advisor and Senior Wealth Manager at S.E.E.D. Planning Group returns for the last episode in this series to help clarify the common misconception that estate planning is only necessary for the wealthy or elderly.
We engage in a lively debate, dispelling these myths and emphasizing that anyone over 18 with any form of asset should consider an estate plan. The discussion highlights the critical role of power of attorney documents and how vital they are, especially when the unthinkable happens.
Jess recounts real-life situations where families were left to navigate the murky waters of financial chaos due to lack of preparation, making it clear that estate planning is not just for the affluent but for everyone who cares about their loved ones. Listeners are treated to practical advice on getting started with their estate planning journey, with enough banter and light-heartedness to keep the mood upbeat despite the seriousness of the topic.
Takeaways:
Estate planning isn't just for the wealthy; it's crucial for everyone, even those young and single! Delaying estate planning can lead to costly and complicated situations for your loved ones later on. Having a solid power of attorney in place is essential for managing your affairs if you become incapacitated. It's not just about having documents; you need to regularly check and update them to reflect your current wishes and needs._______________________________________
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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Estate planning is one of those things that we often put off until it’s too late. This episode of Ditch the Suits is here to change that mindset! We’ve got Jess Blake, Certified Trust and Fiduciary Advisor and Senior Wealth Manager at S.E.E.D. Planning Group back with us, and she’s about to drop some bombs about how to avoid those critical estate planning blunders that could haunt your family long after you’ve gone.
We kick off with a light-hearted chat about the misconceptions surrounding estate planning—many folks think it’s just about writing a will. But Jess sets the record straight, explaining that it’s a comprehensive process that involves organizing your finances, minimizing taxes, and ensuring your wishes are properly communicated.
Throughout the episode, we explore the many facets of estate planning, from appointing guardians to managing your assets for tax efficiency. Jess shares fascinating stories about clients who thought they were set with a basic will but had no idea about the complex world of trusts and beneficiary designations. It’s like thinking you can bake a cake with just flour and water—there’s a whole lot more that goes into it! We also discuss the critical role of financial planners in this process, highlighting that we’re not just here to sell you products; we’re here to guide you through a thoughtful and strategic planning process that aligns with your values and goals.
As we wrap, Jess emphasizes the importance of regular reviews and updates to your estate plan. Life is constantly changing—new grandkids, changing relationships, evolving charitable intents—and your estate plan should reflect those changes. We discuss the importance of having open communication between financial planners and attorneys to ensure that your estate planning documents are both legally sound and practically effective. So, if you’ve been putting off your estate planning, this episode is a must-listen.
Tune in and learn how to take control of your legacy and set your family up for success—because let’s be real, nobody wants to leave a mess behind when they’re gone!
Takeaways:
Estate planning is about much more than just a will; it involves organizing assets, minimizing taxes, and ensuring your wishes are respected after you're gone. Many people mistakenly believe that having a simple will is all they need for estate planning, but there’s way more to consider, like trusts and tax implications. The role of a financial planner in estate planning is crucial; they help clients navigate the complexities and work alongside attorneys to ensure a solid plan. Understanding the differences between various types of trusts and estate planning documents is key to avoiding critical mistakes that could affect your heirs. It's common for clients to assume their estate plan is bulletproof; however, many are shocked to discover gaps or outdated information in their plans. Regularly reviewing your estate plan is essential, especially after major life events; don't let your plan collect dust or become irrelevant!__________________________________________
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit
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In this episode, we dive into estate planning with Jessica Blake, a Senior Wealth Manager and Certified Trust and Fiduciary Advisor (CTFA) at S.E.E.D. Planning Group. Jessica shares real-life insights from working with clients every day, shedding light on the critical mistakes people make that can jeopardize their financial legacy.
We explore why estate planning is often overlooked, how proper planning can prevent financial disaster, and why working with the right advisor makes all the difference. Jessica and the team discuss how financial planning goes beyond numbers—it’s about creating a life that aligns with your goals and values. Whether you're saving for retirement, planning for your heirs, or just trying to make sense of your financial future, this episode is packed with valuable takeaways to help you avoid costly missteps.
Tune in to learn how to take control of your estate plan before it’s too late!
Takeaways:
Estate planning mistakes can totally wreck the legacy you worked hard to build, so don’t wing it! Understanding the importance of tax planning is crucial; it's more than just numbers, folks! Your financial planner should be a matchmaker, pairing you with the right expertise and personality; it’s a vibe! Financial freedom is about knowing how to use your savings—don't just hoard them, spend thoughtfully! Engaging in ongoing financial planning means adapting to life changes, not just checking off a transactional box. Creative solutions in financial planning can unlock opportunities you never knew existed—think outside the box!🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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This episode of the Ditch the Suits focuses on the critical importance of estate planning and the common mistakes people make in this area.
Travis and Steve welcome Jessica Blake, a Senior Wealth Manager and Certified Trust & Fiduciary Advisor (CTFA) from S.E.E.D. Planning Group, with extensive experience in estate planning, to share her insights.
They discuss what constitutes an adequate estate plan and debunk the misconception that it's merely about having a will or life insurance. Jessica emphasizes the value of understanding the intricacies of estate planning, including tax implications and the potential for family conflict when things go awry. She also discusses the significance of the CTFA credential, the role of fiduciaries, and the transition from estate planning to comprehensive financial planning.
You will appreciate Jessica's engaging anecdotes and the collaborative culture at S.E.E.D. Planning Group, which allows for a more holistic approach to financial and estate planning.
Takeaways:
Estate planning encompasses much more than just creating a will or purchasing life insurance; it's a comprehensive process. Having an adequate estate plan is crucial to avoid common mistakes and conflicts among heirs. An effective estate planner must understand various aspects, including tax implications and investment strategies. The CTFA designation indicates a deep understanding of trusts, fiduciary responsibilities, and estate planning complexities. Jessica emphasizes the importance of teamwork and mentorship in providing effective financial planning services. Being a fiduciary allows planners to prioritize clients' best interests without corporate constraints.________________________________________________
🅿️ For more DTS content check out our Patreon
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
You can get Ditch the Suits highlights, and other great content produced by NQR Media at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
About Your Host:
Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group. Travis also hosts the Unleashing Leadership Podcast, where he dissects some of his favorite books on leadership and how you can apply it to your business or life.
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Understanding your personal finances means treating them like a business, and that's exactly what this episode of Ditch the Suits emphasizes.
Travis and Steve dive into the importance of recognizing yourself as the boss of your financial situation, encouraging listeners to engage with financial advisors as if they were hiring employees.
They discuss the pitfalls of over-reliance on financial professionals who may not have your best interests at heart, and how to spot red flags in the financial services industry.
Throughout the conversation, they highlight the necessity of being proactive and informed, ensuring that you delegate effectively while maintaining oversight of your financial decisions.
This episode aims to empower listeners to take control of their money business and make informed choices for their financial future.
Takeaways:
Understanding your finances as a money business can empower you to make better financial decisions. When hiring a financial advisor, ensure they communicate in terms you understand clearly. Don't let intimidation from financial jargon prevent you from being an informed client. It's essential to treat your personal finances with the same diligence as running a business. Being proactive about your financial planning can save you from costly mistakes down the road. Look for financial planners who prioritize your best interests over their commission-based sales.
- Se mer
