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Join Nick Hopwood, CFP® And Jim Pilat, CFP® of Peak Wealth Management on our Journey to a peace of mind retirement.
Episodes
Wednesday Oct 23, 2024
Wednesday Oct 23, 2024
In this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® dive into the often-overlooked topic of what happens to Health Savings Account (HSA) funds when the account holder passes away.
They’ll discuss the importance of beneficiary designations, the tax implications for heirs, and strategies to ensure your health savings continue to serve your loved ones.
Join Nick and Jim as they clarify the complexities surrounding HSAs and offer actionable advice to help you secure your financial legacy.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
Apple: rb.gy/1jqp6 (Trust the Plan Podcast)
Facebook: Facebook.com/PeakWealthManagement
Twitter: Twitter.com/nhopwood1
Monday Oct 14, 2024
Monday Oct 14, 2024
In this episode of Trust the Plan Podcast, host Nick Hopwood, CFP® sits down with renowned radio personality Steve Gruber to delve into his fascinating career journey. They discuss his experiences interviewing high-profile figures like RFK Jr., the challenges he faced while navigating the radio industry during the tumultuous COVID era, and the evolving landscape of media today.
Steve shares insights on building a successful platform amidst uncertainty and the importance of staying true to one's voice in an ever-changing world.
Tune in for an engaging conversation filled with behind-the-scenes stories and invaluable lessons from a seasoned pro!
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
Apple: rb.gy/1jqp6 (Trust the Plan Podcast)
Facebook: Facebook.com/PeakWealthManagement
Twitter: Twitter.com/nhopwood1
Monday Oct 07, 2024
Monday Oct 07, 2024
On the latest episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® dive into a recent Wall Street Journal article discussing the trends in bank account medians over the past five years. They explore how the financial landscape experienced a notable boost during the COVID-19 pandemic, largely fueled by stimulus checks that temporarily elevated household savings.
However, as the economy stabilizes, Nick and Jim reflect on how those numbers have returned to pre-pandemic levels, prompting a deeper conversation about financial resilience and planning in the current economic climate. Their insights shed light on the broader implications for individuals navigating their finances in today's world.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
Apple: rb.gy/1jqp6 (Trust the Plan Podcast)
Facebook: Facebook.com/PeakWealthManagement
Twitter: Twitter.com/nhopwood1
Monday Sep 30, 2024
Monday Sep 30, 2024
In this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the contrasting performances of Ferrari stock and Dollar General amid today's economic challenges.
While Ferrari, a luxury brand, continues to thrive, showcasing resilience against inflation, Dollar General faces declining sales as consumers tighten their budgets.
The discussion highlights how high-end luxury items often appreciate in value, even in tough times, while staple goods retailers like Dollar General struggle as economic pressures mount.
Join us as we unpack the implications of these trends and what they mean for investors navigating this unique market landscape.
—
Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
Apple: rb.gy/1jqp6 (Trust the Plan Podcast)
Facebook: Facebook.com/PeakWealthManagement
Twitter: Twitter.com/nhopwood1
Tuesday Sep 24, 2024
Tuesday Sep 24, 2024
In this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the recent drop in money market rates following the Federal Reserve's latest rate cut. While the immediate effects of lower rates can seem beneficial, they argue that the focus should be on longer-term investments and fixed income strategies.
The discussion highlights historical trends, examining how the S&P 500 has performed twelve months after rate cuts, drawing insights from data spanning back to 1929.
Tune in for a thoughtful analysis on navigating these changing financial landscapes.
—
Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
Apple: rb.gy/1jqp6 (Trust the Plan Podcast)
Facebook: Facebook.com/PeakWealthManagement
Twitter: Twitter.com/nhopwood1
Monday Sep 09, 2024
Monday Sep 09, 2024
On the latest episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® delve into an intriguing article titled The Magnificent Memory Hole, which explores the "Magnificent Seven" stocks that have significantly outperformed the market.
Despite their impressive gains, the discussion highlights a crucial point: these companies faced substantial downturns in their histories. The conversation underscores that while the current market conditions may appear favorable, it's essential to remember the volatility these stocks experienced. Nick and Jim emphasize that the substantial rewards associated with these high-flying stocks come with considerable risks, and historical market fluctuations often get overlooked.
Listen to our podcast or watch the video below to learn more.
—
Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
Apple: rb.gy/1jqp6 (Trust the Plan Podcast)
Facebook: Facebook.com/PeakWealthManagement
Twitter: Twitter.com/nhopwood1
Tuesday Sep 03, 2024
Tuesday Sep 03, 2024
In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® delve into a Wall Street Journal article about a woman who, after a breakup nearly 40 years ago, stands to inherit her ex’s $1 million retirement account due to a beneficiary designation made in 1987.
This intriguing case underscores the critical importance of regularly reviewing and updating beneficiary information. Nick and Jim stress that during every client meeting, they ensure accounts are thoroughly reviewed, including making any necessary updates to beneficiary designations. This proactive approach helps prevent unintended financial consequences and ensures that your assets are distributed according to your current wishes.
—
Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
Apple: rb.gy/1jqp6 (Trust the Plan Podcast)
Facebook: Facebook.com/PeakWealthManagement
Twitter: Twitter.com/nhopwood1
Monday Aug 26, 2024
Monday Aug 26, 2024
In the latest episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth delve into the crucial topic of defining their ideal client.
With a focus on personalized wealth management, they discuss the characteristics that make a client a perfect fit for Peak Wealth's strategic approach.
According to Nick and Jim, their ideal client is someone who values long-term financial planning, demonstrates a commitment to their financial goals, and seeks a collaborative partnership in achieving peak wealth.
They emphasize the importance of clear communication, mutual trust, and shared values in fostering a successful client-advisor relationship that drives optimal financial outcomes.
—
Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
Apple: rb.gy/1jqp6 (Trust the Plan Podcast)
Facebook: Facebook.com/PeakWealthManagement
Twitter: Twitter.com/nhopwood1
Tuesday Aug 20, 2024
Tuesday Aug 20, 2024
On this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® dive into a fascinating analysis of consumer confidence trends segmented by political affiliation, drawing on a JP Morgan chart spanning from 2000 to the present.
The data vividly illustrates how consumer sentiment among Republicans and Democrats has fluctuated in response to major events such as 9/11, the housing market crash, and other significant milestones.
For instance, the chart reveals that Republican consumer confidence often surged in the wake of elections won by their party, while Democratic confidence generally peaked under their leadership, albeit with notable drops during economic crises or geopolitical tensions.
This dynamic interplay highlights not only the impact of political shifts on consumer behavior but also the broader economic ripple effects of pivotal historical events. Nick and Jim’s analysis sheds light on how these patterns reflect deeper ideological divides and the broader economic psyche over the past two decades.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
Apple: rb.gy/1jqp6 (Trust the Plan Podcast)
Facebook: Facebook.com/PeakWealthManagement
Twitter: Twitter.com/nhopwood1
Monday Aug 12, 2024
Monday Aug 12, 2024
In this episode, Nick Hopwood, CFP® & Preston Gee, CFP® of Peak Wealth are joined by Scott Donnell, founder of GravyStack and DinnerTable.com. With over 7 million families served, Scott is the leading expert in financial literacy and building stronger families. In this episode, Scott will talk about how to teach your kids & grandkids about money, the basics of the Home Economy, and why allowances don't work. Peak Wealth is hosting a Dinner Table seminar to support local parents & grandparents at Peak HQ, 41011 Ann Arbor Road, Plymouth MI, on August 28 from 6 pm to 7:30 pm.
—
Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
Apple: rb.gy/1jqp6 (Trust the Plan Podcast)
Facebook: Facebook.com/PeakWealthManagement
Twitter: Twitter.com/nhopwood1