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Wealth Is In The Details Podcast

Welcome to the "Wealth-Is-In-The-Details" Podcast.  In this podcast, financial planner Peter Raskin helps families and business owners understand and prepare for their wealth journey.  Along the way, thoughtful and detailed planning can provide clarity and confidence as clients confront a multitude of financial decisions.  Listen in as Peter shares stories and insight into people's wealth journeys.

Episode 52: Giving to Create a Legacy Thumbnail

Episode 52: Giving to Create a Legacy

There is great power in giving to your loved ones as a part of your legacy. But since legacy gifts can be life-altering for those who receive them, it’s crucial to plan ahead. In this episode of Wealth Is In The Details, join Peter Raskin as he navigates the path of gifting assets to create a legacy. He shares must-know planning tips around the monetary and emotional components of legacy giving and shares ways you can start planning for your legacy today. In this episode, you will learn: The importance of a comprehensive plan when passing down a legacy and gifting assets How taxes and tax rules differ when giving and receiving a family legacy or gift Why tax planning should be involved in your legacy planning process How an education-related 529 plan can create tax-free earnings And more! Listen today to learn the financial and non-financial considerations that come with passing down your legacy through gifting! Resources: Raskin Planning Group | Peter Raskin CRN-3425402-012721 Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning. Peter Raskin is a registered representative of Lincoln Financial Advisors.

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Episode 51: Behind the Scenes of the Boston Restaurant Industry – With Jasper White Thumbnail

Episode 51: Behind the Scenes of the Boston Restaurant Industry – With Jasper White

One of the great things about Boston is its stand-out food scene. To celebrate the city’s food industry, Peter Raskin joins renowned chef and restaurateur Jasper White for today’s episode. Together, they dive into a lively conversation about Jasper’s years of restaurant experience and the business lessons he’s learned along the way. In this episode, you will learn: How Jasper got into the restaurant industry The ups and downs of owning a business How COVID-19 has impacted the restaurant industry The change in the restaurant business that Jasper wants to see And more! Tune in now for your behind-the-scenes look at owning a restaurant with Jasper White! Resources: Raskin Planning Group | Peter Raskin: (617) 728-7433 | Jasper’s Cookbook CRN-3423138-012621 Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning. Peter Raskin is a registered representative of Lincoln Financial Advisors. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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Episode 50 – Growing Your Business for Your Exit – With John Leonetti Thumbnail

Episode 50 – Growing Your Business for Your Exit – With John Leonetti

Business owners often need to grow the value of their business to satisfy their lifestyle post-exit. This can be achieved through thoughtful growth planning. In this episode, Peter Raskin welcomes Pinnacle Equity Solutions’ John Leonetti to discuss the concept of growth planning. They discuss important considerations for business owners looking to grow their business for their exit and explain why growth planning is not just about maximizing revenue. In this episode, you will learn: What your mental readiness might look like when exiting your business Three preparation stages to help you ready for your exit How John’s checkers and chess analogy relates to business value growth Professionals who can help ready-to-exit business owners And more! Tune in and discover how a strategic growth plan can help you organize and plan a successful business exit! Resources: Raskin Planning Group | Peter Raskin | (617) 728-7433 | Pinnacle Equity Solutions | The International Exit Planning Association CRN-3388962-010421 Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning. Peter Raskin is a registered representative of Lincoln Financial Advisors. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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Episode 49 – A Deep Dive into Employee Stock Ownership Plans (ESOP) – With Guest Richard Glassman Thumbnail

Episode 49 – A Deep Dive into Employee Stock Ownership Plans (ESOP) – With Guest Richard Glassman

An Employee Stock Ownership Plan, also known as ESOP, is the most common form of employee ownership in the United States. In this episode, Peter Raskin is joined by Rich Glassman, a partner at ESOP Plus. Rich discusses the different implications of ESOPs while explaining how these plans are a “win-win game” for business owners and their employees. In this episode, you will learn: What an ESOP is and how it works Why business owners should consider ESOPs, and how it relates to their readiness to exit their business The role of taxes when it comes to ESOPs How clients can walked away with significant retirement accounts thanks to ESOPs And more! Tune in to learn the benefits of ESOPs for business owners and their employees! Resources: Raskin Planning Group | Peter Raskin | ESOP Plus | (860) 916-3287 (Richard Glassman) CRN-3386520-123020 Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning. Peter Raskin is a registered representative of Lincoln Financial Advisors. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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Episode 48 – Health Insurance For Small Businesses – With Guest Patrick Mccullom Thumbnail

Episode 48 – Health Insurance For Small Businesses – With Guest Patrick Mccullom

Health insurance and coverage is absolutely vital in American society. But it affects individuals and business owners at different levels, and it can be tricky to maneuver. In this episode, Peter Raskin is joined by Balanced Benefits Group president and owner Patrick Mccullom to discuss the cost of healthcare coverage for small businesses across the country, and how this is often a burden for both employers and employees. In this episode, you will learn: How legislation and prescription medication influence health insurance costs Pros and cons of employers offering health insurance to their employees The difference between HSA, HRA, and FSA accounts The importance of a broker’s “neutral voice” when making carrier changes And more! Tune in as Patrick Mccollum discusses all things health insurance for small businesses! Resources: Raskin Planning Group | Patrick Mccullom CRN-3361762-120820 Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning. Peter Raskin is a registered representative of Lincoln Financial Advisors. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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Episode 47 – What is Your Business Worth? — With Chris Mellen Thumbnail

Episode 47 – What is Your Business Worth? — With Chris Mellen

Over the years, Raskin Planning Group has developed a process to help small business owners exit their business on their terms. One major part of this planning process is understanding the factors that are involved in determining and appraising the value of business owners’ most important and largest asset, their business. In this episode, Peter sits down with Chris Mellen, managing director of Valuation Research Corporation. Chris shares some of his expert advice on business valuation and appraisals and breaks down what every business owner should know about the value of their business. In this episode, you will learn: Why business owners typically underestimate risk The 3 main buckets of business valuation How economic shifts affect valuation 4 external factors that drive the benefit of gifting shares And more! Tune in to now to discover everything you need to know about the value of your business! Resources: Raskin Planning Group: (617) 728-7433 | peter.raskin@lfg.com | Valuation Research Corporation: (781) 501-1382 | Chris Mellen on LinkedIn CRN-3353771-120220 Disclosure: This is not intended to be a substitute for professional investing advice. Always seek the advice of your financial adviser or other qualified financial service provider with any questions you may have regarding your investment planning. Peter Raskin is a registered representative of Lincoln Financial Advisors. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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Episode 46 – How to Prepare Your Successor Before Exiting Your Business – With Abby Donnelly Thumbnail

Episode 46 – How to Prepare Your Successor Before Exiting Your Business – With Abby Donnelly

To hand off your business to a successor who will keep leading with similar values and goals, you need a strategic succession plan that aligns with the skills, experience, and capabilities of your business. In this episode of The Wealth Is In The Details, Peter Raskin welcomes the Leadership & Legacy Group’s Abby Donnelly to explore the succession planning process. Abby breaks down her process for helping business owners prepare to hand off their business and reveals the tools and strategies that can help you exit your company. In this episode, you will learn: About the Donnelly Method for succession and exit planning The emotional aspect of the succession and exit process How a business owner’s identity can impact their business The difference between a business succession planning and an exit strategy And more! Join Peter and Abby now and discover the importance of starting your succession plan today! Resources: Raskin Planning Group | Abby Donnelly | Leadership & Legacy Group | Resources | 336-458-9939 CRN-3324602-111020 Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning. Peter Raskin is a registered representative of Lincoln Financial Advisors. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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Episode 44 – Election Season: The Correlation Between Markets and Government Policies Thumbnail

Episode 44 – Election Season: The Correlation Between Markets and Government Policies

With election season upon us, many Americans are anticipating what’s to come from the 2020 presidential election — and what the election and its resulting presidency could mean for the markets. In this episode, join Peter Raskin as he debunks the common belief that markets are influenced by politicians and their policies. Peter breaks down ten reasons why there isn’t any correlation between markets and politics and shares what you should keep in mind when managing your investments through this election. In this episode, you will learn: Why neither party can claim superior economic market performance Why you shouldn’t confuse partisan politics with market analysis Reasons why investors are better off staying fully invested Why predictions are irrelevant tools for politics and the market And more! Tune in now as Peter highlights the importance of planning your financial future no matter who the president is or which party controls Congress! Resources: Raskin Planning Group | Resources | Peter Raskin | 10 Truths About Presidential Elections and the Stock Market CRN-3290987-101920 Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning. Peter Raskin is a registered representative of Lincoln Financial Advisors. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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Episode 43 — Home Is Where The Heart Is — With Amy Roberts Thumbnail

Episode 43 — Home Is Where The Heart Is — With Amy Roberts

From selling your home to packing up and settling into your new house, moving can be an incredibly stressful experience. But what if someone could help make your move a little easier? In this episode, Peter Raskin welcomes Out of the Box Moves’ Amy Roberts. Together, they discuss the most stressful parts of the moving process and how moving management companies can help ease the process — both physically and emotionally. In this episode, you will learn: About the emotional side of moving How to make decisions about what to keep with you during your move How Out of the Box Moves helps clients move into their new homes Ways items are sorted during the moving process And more! Tune in now and discover how a move management company can help you with your next move! Resources: Raskin Planning Group ❘ Out of the Box Moves ❘ Episode 31: The Art of Downsizing in Boston— With Deborah Lucci CRN-3241246-091420 Disclosure: The is not intended to be a substitute for professional investing advice always seek the advice of your financial adviser or other qualified financial service provider with any questions you may have regarding your investment planning. Peter Raskin is a registered representative of Lincoln Financial Advisors. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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Episode 42 — Lives Well-Lived and Well-Planned Thumbnail

Episode 42 — Lives Well-Lived and Well-Planned

As a financial planner, Peter Raskin has the privilege of accompanying families on their journey through life. He also has the pleasure of seeing first-hand how comprehensive financial planning can enhance a family’s life. Today, Peter Raskin highlights how planning can lead to well-lived lives. He reveals why and how some people become millionaires without the flashy cars and large houses and recounts the story of one man who became a millionaire through smart financial decisions and consistent savings. In this episode, you will learn: The difference between an under accumulator and a prodigious accumulator of wealth Why millionaires tend to accumulate wealth How a comprehensive financial plan can help you achieve a well-lived life The benefits of a balanced portfolio And more! Tune in now to discover how your financial plan can help you achieve a well-lived life! CRN-3218224-082620 Raskin Planning Group ❘ The Millionaire Next Door by Thomas J Stanley Disclosure: This is not intended to be a substitute for professional investment advice always seek the advice of your financial adviser or other qualified financial service provider with any questions you may have regarding your investment planning. Peter Raskin is a registered representative of Lincoln Financial Advisors. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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