Trust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®

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Tuesday Dec 26, 2023

EP 208: Next Level Investing: Mega Backdoor Roths

Tuesday Dec 26, 2023

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management dive into the benefits of Mega Backdoor Roths. This kind of Roth takes investing to the next level — It enables you to take the after-tax dollars you contribute and roll them into a Roth IRA. Get ahead of the game for your finances in 2024 — This is an episode you won't want to miss!

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Monday Dec 18, 2023

EP 207: Making Smart Housing Decisions in Retirement

Monday Dec 18, 2023

Making smart housing decisions in retirement is a crucial part of planning for this new chapter in life.

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss various factors to consider while planning — such as evaluating affordability (and unexpected items not accounted for such as increase in taxes) & exploring options like downsizing or renting.

Making informed and thoughtful housing decisions ensures that retirees can enjoy their golden years with comfort, security, and overall well-being.

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Monday Dec 11, 2023

EP 206: Retirement Investing: Dave Ramsey’s 8% Withdrawal Rate

Monday Dec 11, 2023

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss Dave Ramsey's concept of an 8% withdrawal rate in retirement.

The personal finance expert recently landed in hot water after an on-air rant about the popular 4% rule for retirement withdrawals.

It all started when a 30-year-old man with $120,000 already saved for retirement called into “The Ramsey Show” to ask what percentage of his assets he should plan to withdraw in retirement over a 30-year time period.

Ramsey's retirement advice has landed like a lead balloon among other money professionals, with some calling his rate suggestion "scary," and "incredibly dangerous."

So, how do you figure our what's right for your retirement?

Listen to our episode to learn more.

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Monday Dec 04, 2023

EP 205: From Mine to Ours: The Ultimate Guide to Joint Bank Accounts in Marriage

Monday Dec 04, 2023

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® talk about how financial transparency and unity are fundamental to a successful partnership — and how joint bank accounts can be a powerful tool in achieving that.

Join us as we explore the financial advantages, strategies for managing joint accounts, and tips for open communication and shared financial goals.

Whether you're newlyweds or have been married for years, this podcast is your go-to resource for unlocking the potential of joint bank accounts and building a strong foundation for your shared financial future.

Let's embark on this journey together and discover how joint bank accounts can pave the way for a prosperous marriage.

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Monday Nov 27, 2023

EP 204: Maximum Benefits and Contribution Limits for 2024

Monday Nov 27, 2023

In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® share updates regarding maximum benefits and contribution limits for 2024. The IRS announced adjustments for various retirement plans, including 401(k), IRA, and Roth IRA accounts. These updates mean that you now have even more opportunities to maximize your contributions towards your retirement accounts, ensuring a brighter financial future. Plan ahead for 2024 - This is an episode you won't want to miss!

Listen to our podcast or watch our video below to learn more. For those joining us on YouTube, subscribe to our channel to be notified when a new video is launched.

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Monday Nov 20, 2023

EP 203: Mint Shutdown: What Should Mint Users Do Now?

Monday Nov 20, 2023

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® discuss the upcoming shutdown of the budgeting app, Mint. As of January 1, 2024, Mint is leaving its users without a tool they've relied on for budgeting and financial management. Fear not! We've got the perfect solution for our listeners - Peak's Expense & Net Worth Tracking spreadsheet. This free and user-friendly tool allows you to effortlessly track your expenses, categorize them, and visualize your net worth. Join us in this episode as we talk more about the Mint shutdown and recommend our Peak alternative to help you have peace of mind when it comes to your finances. Hit that play button and let's get started!

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Monday Nov 13, 2023

EP 202: What is a Money Date? & How Can It Help Your Financial Future?

Monday Nov 13, 2023

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about the benefits of a money date — and the impact it can have on your financial future.

A money date is a way for you and your significant other to come together and talk about money and the things that matter most in a way that makes you comfortable and makes finances more understandable. It’s a scheduled conversation—a date—around your money, as well as your goals, your values, your priorities, and what you want to accomplish in life. It’s important to schedule the time so that you can both prepare and not get overwhelmed.

Money is power. Money gives you choices. It gives you options. And it helps you to reach your goals. You don’t want to give away your power. You don’t want to give away your options. And you don’t want to give away your control. By getting on the same page as your significant other, you’re leveling the playing field, getting a seat at the table, and having a voice in what your financial picture looks like.

Listen to this episode to learn more about how to get the conversation started.

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Monday Nov 06, 2023

EP 201: Top 5 Careers of Millionaires (Results will SHOCK you!)

Monday Nov 06, 2023

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about the top 5 careers of millionaires, according to the largest survey EVER conducted on 10,000 U.S. millionaires— and the results will shock you! You’ll learn that building wealth has almost NOTHING to do with your income or your background! It doesn’t matter where you come from. It matters where you’re going.

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Monday Oct 30, 2023

EP 200: Exploring the Impact of the Israel-Palestine Conflict on the US Deficit

Monday Oct 30, 2023

In episode 200 of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management delve into the ongoing conflict in Israel and its impact on the United States deficit. With tensions high between Israel and Palestine, the United States has continued to provide financial assistance to Israel, which has resulted in an increase in the U.S. deficit.

As the conflict continues to escalate, Nick and Jim provide a thoughtful perspective on the complexities of the situation and the potential consequences for both the United States and the region as a whole.

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