Episodes

What Wealthy People Know That the Rest of Us Don’t Episode 357 – Do the ultra-wealthy belong to some secret club that no one else knows about? Of course not. But it’s safe to say that they do some things differently. And the rest of us could learn a few lessons from what they’ve figured out. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 357 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode: what wealthy p...

Is a 529 Plan Really Your Best Option? Episode 356 – 529 plans are certainly popular these days, and with good reason: high contribution limits and potentially tax-free growth. But they’re not for everyone. Here are four other potential alternatives for funding a college education. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 356 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, is a 529 plan really you...

Minimizing Capital Gains Tax on the Sale of a Business Episode 355 – Business owners selling a business are often worried about capital gains tax. There are several strategies that may help to minimize or avoid capital gains. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 355 Download The Transcript/Flyer More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The conte...

10 Mistakes People Make When Buying Life Insurance Episode 354 – Finding the right life insurance policy can be complicated, and it’s easy to get confused. Here are ten common mistakes we see people making when they purchase life insurance. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 354 Hello this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, ten mistakes people make when buying life insurance. Many people a...

Even with Medicare, the Cost of Health Care Can Be Shocking Episode 353 – People might think that health care is cheaper once you’re covered by Medicare. Maybe, but the cost of health care in retirement is higher than many people think. A recent study by Fidelity gives us some real numbers. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 353 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, even with Medic...

Can You Save Too Much for Retirement? – Revisited Episode 352 – Is it possible to save too much for retirement? Some have argued that the answer is yes, but with caveats. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 352 Hello this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, we take a look back at one of our favorite previous episodes, is it possible to save too much for retirement? Many of us have been taught...

Mistakes People Make When Things Are Going Well Episode 351 – People make financial mistakes all the time, in good times and bad. What are some of the things that people get wrong when things are going well? In a recent article from ThinkAdvisor, author Bryce Sanders outlined what he believes are some of the errors people tend to make when things are looking rosy. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 351 Hello, this is Bill Rainaldi, with another edition of...

Avoiding a Conservatorship Episode 350 – Conservatorships have been in the news quite a bit over the last few years. What exactly is it, and how do you avoid having to deal with one? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 350 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, what are some ways to avoid a conservatorship? Here’s a question: What do Brian Wilson, Britney Spears, Mickey Rooney, and ...

The Role of Optimism in Retirement Planning Episode 349 – Being an optimist has been shown to increase your overall well-being. But in a recent article in Think Advisor, author Michael Finke suggests that optimism can also help with your retirement planning efforts. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 349 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, optimism can help you with your retireme...

Teaching Your Kids What You Wish You Had Learned With Hannah Kesler Episode 348 – Are there things you wished you had learned about money when you were a kid? In today’s episode, special guest Hannah Kesler talks about some of her ideas on how to raise children to become financially savvy adults. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 348 Welcome to Security Mutual Life Insurance Company of New York’s SML Planning Minute, where we share concise and thought-pr...

Are You an Independent Contractor? Episode 347 – The U.S. Department of Labor’s constantly changing rules on classifying workers as either independent contractors or employees is creating confusion among employers. What’s the current status? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 347 On January 10, 2024, the U.S. Department of Labor (DOL) under President Biden published a final rule (2024 Rule) that revised the DOL’s previous guidance on classifying individua...

Does It Make Sense to Reject an Inheritance? Episode 346 – Does it ever make sense to reject an inheritance? On some occasions, a “qualified disclaimer” can give you a chance to do the right thing, or to avoid a major headache. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 346 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, does it make sense to reject an inheritance? So, your Uncle Joe died a few wee...

Six Big Mistakes People Make with Their Wills Revisited Episode 345 – Just having a will is not enough. You need to get the details right. Here are 6 big mistakes we see people making when they structure their wills. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 345 Hello this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, we take a look back at one of our favorite previous episodes, six big mistakes people make ...

One Big Beautiful Bill and What It Means to You Episode 344 – The One Big Beautiful Bill, or OBBB, is now law. The OBBB extended many provisions created in the Tax Cuts and Jobs Act of 2017, or TCJA. We’ll review and summarize some of the key aspects of the OBBB as it pertains to extended TCJA provisions impacting individuals, families and businesses. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 344 Download The Transcript/Flyer More SML Planning Minute Podcast Ep...

What Happens When You Get Audited? Episode 343 – No one enjoys receiving a letter from the IRS, especially when they open it and realize that their return is being reviewed. The odds are longer than most people realize, but what should you do if this happens to you? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 343 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, what happens when you get audited? No o...

Thinking of Collecting Social Security Early? Not So Fast. Episode 342 – Thinking of collecting your Social Security at age 62? Watch out for the “Excess Earnings Test.” It’s a bit more complicated than you may realize. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 342 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, thinking of collecting Social Security early? Not so fast. So, you have the option of s...

Practical Estate Planning Ideas for “Middle Tier” Families Episode 341 – News flash: Estate planning is not for just the wealthy. Here are some ideas put forward in a recent article by renowned estate attorney Jonathan Blattmachr, especially for what he describes as “middle tier clients,” which he defines as people whose wealth does not exceed the available exemptions. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 341 Hello, this is Bill Rainaldi, with another editi...

Want to Be an Effective Business Leader? Learn How to Listen. Episode 340 – Actively listening to what someone else is saying can be incredibly hard, but it comes with enormous benefits. How do effective leaders manage it? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 340 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, want to be an effective business leader? Learn how to listen. Listening is one of th...

Thirteen Celebrity Estate Planning Lessons Revisited Episode 339- The rich and famous are prone to estate planning mistakes. Today we look at some real world examples, and the lessons we can all learn from all of them. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 339 Hello this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, we will take a look back at one of our favorite previous episodes, thirteen celebrity est...

Six Reasons Single People Need Life Insurance Too Episode 338 – Do single people really need life insurance? Here are six good reasons why they might. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 338 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, six reasons single people need life insurance too. Not long ago, in episode 333, we talked about why young people should consider life insurance. There are ...

The Epidemic of Gray Divorce Episode 337 – The rate of gray divorce—defined as divorce after the age of 50 following a long-term marriage—has increased in recent years. The financial impact can be especially difficult for women. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 337 Hello this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, a detailed look at the epidemic of gray divorce. Gray divorce is defined as occ...

Financial Considerations When You Become an Empty Nester Episode 336 – Being an empty nester undoubtedly creates challenges you might never have thought of. Here are some tips about what you may encounter, and how to deal with them. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 336 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, financial considerations when you become an empty nester. So, after years—...

Four Trending Scams to Stay Ahead of Episode 335 – Financial criminals are a crafty bunch. Just when you figure out what they are doing, they change tactics. Here are four trending scams to stay ahead of. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 335 Hello this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, four trending scams to stay ahead of. Financial criminals are a crafty bunch. Just when you figure out ...

Selecting the Right Entity for Your New Business Episode 334 – Just starting a business? Do you understand the differences between a sole proprietorship, partnership, C corporation, S corporation or LLC? What type is best for you? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 334 Download The Transcript/Flyer More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The ...