In this enlightening episode of the Best Advice Podcast, our knowledgeable hosts Rob Lovaglio, Dave Allen, Frank Lovaglio, and Mitch Walk offer a balanced mix of insightful financial market analysis and philosophical conversations. The discussion delves into recent market trends, the intrinsic power of positive thinking, and provides crucial financial tips, particularly on the anticipated changes in tax law. Regardless of minor fluctuations, the conversation affirms the market's resilience, reaffirming the value of long-term investing and the harmful impact of reacting emotionally to daily market news. The hosts share their faith in the power of positive thinking, underscoring its impact on an individual's life. The episode features a segment called 'Give Me Something Good,' in which Dave cites a quote about the influence of our time, hearts, and behavior on life. This prompts a philosophical exchange about the significance and inherent lessons we can derive from all relationships in our lives. The discussion then transitions to practical financial advice and strategies for preparing for changes in the real estate tax code set to expire in 2025. The hosts identify several ways to make the most of personal finances, suggesting methods such as maximizing the gifting limit, utilizing a 529 plan for educational savings, and understanding the effects of city and state taxes. Delving further into financial matters, the hosts unpack the complexities of estate planning and the Spousal Lifetime Access Trust (SLAT). They highlight potential reductions in estate taxes and emphasize the necessity of sound financial planning to navigate these changes. Techniques to maximize tax efficiency and mechanisms to safeguard one's wealth are discussed, supplying listeners with vital insight into the possible future tax brackets. They also focus on the potential ramifications of having property in an SLAT. Closing the episode with a swift market update, the experts draw attention to the resurgence of meme stocks. They leave listeners with a powerful reminder: the secret to wealth lies not merely in earnings but in astutely preserving what one has. Whether a finance aficionado or searching for a positivity boost, this episode of the Best Advice Podcast offers a blend of thought-provoking observations and practical financial wisdom.

This episode of the Best Advice Podcast addresses the perception of opportunities and the importance of being consciously aware of your surroundings. Your host, Rob Lovaglio, introduces an interactive segment known as the Silver Car Test. This intriguing exercise reveals the power of focused attention and demonstrates an essential message - opportunities are everywhere, but they can only be grasped if we are actively looking for them. Another noteworthy part of the episode is focused on the recent development in the financial market, discussing the unexpected upturn of software employment numbers. This financial analysis helps elucidate market dynamics and how corporate earnings influence the market, providing listeners with practical economic insights. Particular emphasis is placed on how major companies like Microsoft and Apple navigate and leverage these dynamics to their advantage. This episode is not only a goldmine of powerful practices to positively influence your mindset and actions but also a deep dive into economic understanding. It emphasizes the importance of focusing on priorities, keeping your goals in sight, and how this can automatically direct your energy towards success. Listen in to also enjoy a brief Q&A session, where they handle various listener questions related to the intriguing financial discussion. Stay tuned to gain useful wisdom about wealth - it is not entirely about what you earn, but significantly about what you keep.

Get the best financial advice on maximizing your high-yield investment returns in this engaging episode of the Best Advice Podcast. Join Rob Lovaglio, Mitch Walk, Frank Lovaglio, and Austin Jacks as they discuss the right financial tools and strategies for growing your funds effectively. In this episode, the financial experts will discuss current financial scenarios and how they impact your investment choices. Answering the 'Question of the Day', they vibrantly discuss the characteristics, benefits, and challenges of Treasury Bills, CDs, and High-Yield Savings Accounts. You will learn key insights on the choice between high yield savings account, bank CD, and Treasury Bond considering the rising interest rates. Whether you are a retiree living on a fixed income or a young professional, this episode is your chance to level up your financial game! Understanding the depth of financial tools, managing risks, and picking the right one can transform your financial health. The podcast will also touch upon how corporate profits are being affected by rising rates and the possible scenarios of impending recessions. If that sounds intimidating, worry not - our experts keep it light, humorous, yet informative! The episode also explores the concept of MAGI (Modified Adjusted Gross Income) and its implications on your tax liabilities. With expert tips and insights from the Best Advice Podcast Guys, you are sure to navigate the financial waters with ease. Tune in for a fun yet insightful learning experience to take charge of your financial future.

In this compelling episode of the Best Advice Podcast, hosts - Rob Lovaglio, Mitch Watt, Frank Lovaglio, and Austin Jackson, delve into one of the most common yet confusing topics - Social Security benefits. They meticulously explain how these benefits are calculated, factors affecting them, and when is the best time to claim them. Answering a listener's question for the source of the Social Security fund, the hosts explore how a fraction of your paycheck adds to it. They further ponder over hot topics surrounding the funding and the future sustenance of the Social Security system. Alongside, they discuss several strategies to maximize your Social Security benefits and stress the significance of financial planning. Besides answering queries, this episode serves as a mini-guide to retirement planning, touching upon subjects like predicting life expectancy, utilizing calculation programs for Social Security benefits, managing retirement cash flow, and leveraging Roth IRAs for a steady income. The hosts also discuss crucial elements affecting today's market, such as CPI numbers, the Fed rate cuts, middle eastern conflicts, oil prices, the bond market scenario, inverted yield curves, and housing issues. Encapsulating the essence of financial planning, they remind their listeners that the key to financial success is not just the earning but the preserving. Listen in, as they decode the complicated world of Social Security benefits and aid in making your retirement decisions easier and profitable with their expert advice and entertaining anecdotes.

Welcome to another riveting episode of the Best Advice Podcast, dedicated to sharing knowledge and fostering positivity. In this episode, our experts, led by Rob Lovaglio, unravel the art of controlling what we can in life - extending from personal attitudes to crucial financial decisions. We share powerful insights into the impact of positivity and control in our daily lives, emphasizing the importance of focusing on things we can influence rather than worrying about the uncontrollable. We also throw light on the need for control while setting expectations and responding to circumstances, the cornerstones of a balanced life. Diving deeper, we address financial concerns from our listeners, understanding the stress arising from tax-related matters. We explore the benefits of proactive tax planning, aiming to help our listeners switch from a reactive to a proactive tax approach. Special attention is given to retirement savings, expounding on benefits of contributing to 401k and IRA accounts and taking advantage of relevant tax savings. Understanding the significant effect of tax laws on our financial decisions, this episode analyzes recent and upcoming tax law changes, focusing on bonus depreciation for real estate investors and the impact of the SECURE Act. We also discuss the potential taxation changes linked with the SALT deduction and their implications for people in high state income tax regions. In conclusion, we provide a quick market update, featuring the volatility of U.S. Treasury bills and its influence on corporate finances, with insights into the potential consequences of changing interest rates. While our podcast is packed with valuable knowledge, we urge listeners to research thoroughly and consult a financial advisor before making any significant financial decisions. Tune in, embrace the power of control, and level up your financial game with us!

Welcome back to Best Advice Podcast Guys, where we discuss important financial topics and answer your financial queries. Hosted by Rob Lovaglio, and featuring experts like Dave Allen, Frank Lovaglio, and Austin Jacks, our mission is to guide you through your financial journey. This episode highlights the impact of disciplined early investments and positive reinforcement on your financial success and your child's future retirement. In this engaging episode, one of our listeners shares his concerns about ensuring a strong financial foundation for his child. We delve into how a regular and disciplined investment of $100 a month can, astonishingly, lead to a whopping future amount of $5.8 million by your child’s 60th birthday, thanks to the magic of compound interest. We expand the discussion to different types of investment accounts that are suitable for children, such as a 529 account, UTMA or UGMA account, and Transfer on Death accounts. Understanding these accounts' nuances is vital to secure your child’s financial future. Further, our hosts engage in an in-depth analysis of potential challenges linked to the Uniform Transfers to Minors Act (UTMA) and explore the benefits of the 529 savings plan. We also cover the provisions in converting 529 plan funds into a Roth IRA, tax advantages of Roth IRAs, and the do’s and don’ts of overfunding a 529 plan. The episode wraps up with a mini-segment, "A Minute with Mitch", bringing you updates on job numbers, insights into movements in interest rates, oil market trends due to Mideast ceasefire talks, and crucial upcoming economic data. We conclude with a significant realization - real wealth comes not from income, but retention. Join us on this enlightening journey, where we help you navigate the complexities of early financial planning for your child's future. The aim is to equip you with the right tools and insights to make informed decisions for a prosperous future for you and your child, only on Best Advice Podcast Guys.

Welcome to another episode of the Best Advice Podcast, a stellar space where our hosts Rob Lovaglio, Dave Allen, Frank Loaglio, and Mitchell Walk provide helpful insights and share positivity. We start with our segment, "Give Me Something Good," spotlighting motivational thoughts to brighten your day. This week's exceptional discussion involves the anterior mid-singulate cortex, a key brain structure connected to our willpower. Explore the link between mental engagement and the reinforcement of this brain structure. Shifting from neurological nuances to financial territories, we address listeners' questions in our interactive Q&A segment. The topic in focus is the turbulent performance of 'Truth Social,' Trump's new media company. We dissect the reasons for a sudden drop in stock value and give comparisons to other 'Meme Stocks' like AMC and GameStop. Learn about the critical role Reddit stats play in influencing stock prices. In this power-packed episode, we examine market trends, IPOs, and stock market volatility. Relive notable instances such as Facebook's IPO, Rivian’s public debut, and the fluctuations in their values. Learn how fear-driven decisions can be destructive and the significance of patience in reaping fruitful financial outcomes. The discourse also highlights our strategy at Security Financial Management: relying on institutional managers rather than stock-picking ourselves. The conversation also demystifies the potential risks tied to new and trendy stocks, using examples like Trump Social and DJT. We underscore the vitality of understanding the broader financial market over zeroing in on hot stocks alone. The talk diverges to the performance of IPOs in 2024, a year marked by unpredictability and potential risks. Our primary focus at Security Financial Management remains wealth planning and all-embracing financial planning over ephemeral gains. In the closing section, we look at the looming possibility of a future recession and stress the importance of diversification in robust financial planning. An enlightening episode indeed, packed with valuable tips for navigating the stock market's complexities. Don't miss out!

Welcome to an illuminating episode of the Best Advice Podcast. Join our host, Rob Lovaglio, along with co-hosts Dave Allen, Frank Lovaglio, and Mitchell Walk as they delve into the realm of negative self-talk, mental health, and positive thinking. Allow yourself to be inspired as they introduce their new segment – 'Give Me Something Good,' where they share impactful quotes and thoughts to foster a positive tone for the show.  Frank Lovaglio, gifts us an empowering quote from Norman Vincent Peale, promoting resilience and the strength found in overcoming obstacles. We further explore fear of the unknown, the potential to reduce anxiety, and motivating individuals to take on tasks confidently. In the latter part of the episode, the hosts discuss a listener's query citing concern over fluctuating stock prices for Lyft. Dave Allen tackles the question head-on, explaining the Lyft earnings report typo controversy and its effects on stock values. Hear firsthand about accountability, transparent communication, and crisis management in the corporate world. This episode serves as a well of wisdom on the potency of a positive mindset in personal and professional life and delivering practical guidance on navigating investments during crises. Join us as we unravel the complexity of investments and offer strategies for restructuring investment portfolios in light of controversies. Featuring the enlightening segment – 'A Minute with Mitch,' Mitch discusses recent market shifts involving giants like Apple and Microsoft and enigmas surrounding Tesla. Gain insights into future market trends, where Mitch advises cautious optimism for growth yet cautions about potential pitfalls. To wrap up, the episode echoes that the secret to wealth lies in what you keep and emphasizes the pivotal role of careful financial planning and investment advisors. Tune in for an episode brimming with positivity, resilience, and practical advice.

In this episode of the Best Advice Podcast guys, host Rob Lovaglio and co-hosts Frank Lovaglio and Dave Allen welcome Austin Jacks, a certified financial planner from their team. Before discussing the day's financial question, they have a fun discussion about a nickname that has stuck with Austin since his football days at Tulane University.  From the creative moniker to a more serious topic, Rob segues into the question of the day from Ben from New York City. Ben is interested in investing in AI, specifically in firms like NVIDIA and Microsoft. He wonders about the potential for future growth in such companies. To address this, the hosts delve into the workings of NIVIDA, known for its revolutionary graphics processing units (GPUs), which are an integral part of AI systems. They advise listeners to be cautious with investments, comparing the current AI boom to the dot-com bubble of the early 2000s. However, they also acknowledge that, unlike many speculative companies of the past, NVIDIA has demonstrated consistent profitability. They round off their discussion with a prudent piece of advice that underscores the philosophy of their podcast: "The secret to success is not what you earn, but what you keep". This insightful episode examines AI from both a fantastical and realistic perspective, making it a must-listen for anyone considering investments in this sector.

Welcome to the Best Advice Podcast. This episode features host Robert Lovaglio alongside co-hosts David Allen and Frank Lovaglio, founders of Security Financial Management and renowned figures from Fox TV show Financially Speaking with SFM. With a combined 100 years of experience in financial analysis and market management, they provide weekly insights about financial trends. Additionally, they host top-tier industry professionals to disclose their secrets of success. In this episode, David and Frank reminisce about their younger years and the voyage toward a prosperous partnership. They also touch upon their transition from Fox TV to their own studio where they have been disseminating financial advice for over 35 years. The top-tier guest for this episode is UCF legend BJ Taylor. Regaling us with his basketball journey and how his inspiration from famous basketball players led him to great accomplishments, BJ is a testament to hard work and dedication. He also speaks in depth about his parents' profound influence on him, and his continued passion for the sport, even after an injury-ended career. The conversation steers towards the pressures athletes face and the impact of a career cut short by injury. The show provides personal ambitions and broader economic trends. In the financial segment, the hosts provide interesting market projections for 2024 and share their perspectives on the effect of rising interest rates on bonds and stocks in 2022. Despite uncertainties, they retain an optimistic outlook for a stable 2024 market with potential returns. The episode takes a deep dive into BJ's recent transition from a professional sports career to life after its abrupt end. Listen to BJ open up about his experience, his struggle to find a new identity and purpose, and his eventual success as ESPN's youngest analyst. This enlightening conversation shares crucial advice, emphasizing the importance of self-belief, focusing on factors within our control, and, above all, the significance of doing the right thing. Tune in to gain invaluable insights that will help you thrive in the face of life’s unpredictability.

Coming March 1st, 2024!