Ed's Edge

Ed and James are joined by real estate mogul, Entrepreneur & best-selling author, Krisstina Wise. Ed, James, and Krisstina discuss the importance of having a healthy mindset when it comes to your finances, as well as understanding when enough is truly enough. Krisstina shares how a near-death experience forever changed her view of money and inspired her to share her experiences & knowledge with other entrepreneurs. She also explains how others can shift their money mindset to create a more positive life overall, rather than just financially, primarily through the concept of knowing your numbers. All of your numbers. Ed’s Food for Thought:Honey Garlic MeatballsPrep: 5 Min. | Cook: 2 HoursServings: 10 Ingredients:1/2 cup ketchup1/3 cup honey1/4 cup brown sugar2-3 tablespoons soy sauce4 cloves garlic, minced1 (32-ounce) bag frozen fully cooked meatballs (about 50)Garlic salt & pepper, to tasteFor serving: Cooked rice, sliced green onions, sesame seeds Slow Cooker Instructions:In a medium bowl or the base of a slow cooker, combine the ketchup, honey, brown sugar, soy sauce & garlic. Add meatballs and stir until coated in sauce. Add a pinch of garlic salt and pepper on top if desired.Cook on high 2-3 hours or low 3-4 hours. Turn the slow cooker to warm until ready to serve. Season to taste.Enjoy as an appetizer or serve over rice and top with green onions for a main dish. Stove top instructions:1) Combine sauce ingredients in a large pot over medium-low heat.2) Once combined, stir in the meatballs. Bring to a light simmer and cook for 10-15 minutes, or until heated.

If you're a small business owner or independent contractor with a high income and you're tired of paying excessive taxes, this podcast is for you! We explore the little-known, IRS pre-approved, retirement strategy known as the Defined Benefit Plan. Defined Benefit Plans can significantly reduce your tax burden and accelerate your retirement timeline, potentially saving you more than you ever thought possible. If you qualify, this strategy could mean tens of thousands of dollars returned to you, from the IRS, each year. As a small business owner or self-employed individual, managing your daily operations alone can be a burden. You may have thought about retirement and saved a bit, but with retirement just five to fifteen years away, you might worry that you've reinvested too much in your business and haven't saved enough. The Defined Benefit Plan is designed for high-income earners like you to help catch up on retirement savings and secure your financial future. Tune in to learn how this plan how this plan works and the intricacies of managing it!Ed’s Food for thought:Chocolate sauce recipe·         2 tablespoon butter·         1/2 bar unsweetened chocolate o    Baker’s - for the regular versiono    Ghirardelli Premium - for the decadent version·         1 cup granulated sugar·         2/3 cup of carnation evaporated milk 1 - Bring water to a boil and then lower it some to medium. 2 - Put butter and chocolate on top of the double broiler. On the bottom of the double broiler, put half to one inch of water.3 - Set the top of the double broiler on top of boiling water. Stir chocolate and butter until it's liquid4 - Stir sugar into the liquid. Once it gets too thick, slowly stir a little bit of the Carnation milk into the liquid. Then stir more sugar in until it gets too thick. Repeat the process with the Carnation milk until both ingredients are in.5 - Once it's all in and liquid continue to stir until it thickens.

In this episode of Ed’s Edge, Ed and James discuss the importance of being proactive with managing your taxes both now and in the future. They share strategies that can benefit you in years of lower taxable income as well as strategies that can be used in years of higher taxable income. Ed & James explain the benefits of these strategies and what to consider before using them to optimize your tax situation over the long run.

In this episode, Ed and James are joined by Charitable Giving expert, Parissa Zargar, a Charitable Planning Consultant & Digital Regional Director for Fidelity Charitable®. Ed, James, and Parissa discuss the benefits of using a Donor Advised Fund (DAF) for charitable giving purposes, and some common strategies that these funds are often used for. Parissa explains what a DAF is along with the pros & cons, common strategies, and when a Donor Advised Fund makes sense for you. You will learn how to take advantage of additional benefits when it comes to Charitable Giving and how you can use these strategies to put yourself in a better position going forward.

In this two-part episode, we explore some of the key benefits of using structured notes to generate income and growth in your investment portfolio, particularly as you prepare for and enter retirement.Join us as we delve deeper into the world of structured notes and explore how they can be leveraged to generate income, protect your portfolio, and achieve your financial goals, whether you’re in the accumulation phase or transitioning into retirement.Growing your portfolio while managing risk is essential throughout your financial life. We introduce structured growth notes as an alternative investment that can help you achieve this goal:Provides downside protection to safeguard your portfolio during market downturnsOffers additional growth potential to help your portfolio keep pace with inflation and achieve your long-term financial objectivesStructured growth notes can be used to grow and stabilize your investment portfolio over time

In this episode, Ed and James are joined by insurance expert, Finny Rajchel, the President of the Finny Rajchel Office of State Farm with over 34 years of experience in the insurance industry. Ed, James, and Finny discuss the importance of evaluating your insurance policies and needs, to make sure they are aligned with your ever-changing financial situation.Finny explains how insurance companies have changed their policies since COVID, the most important things to look for in a home or auto policy, what is NOT covered by these types of policies, and real-life examples of Umbrella liability insurance. You will learn how to put yourself in a better position when it comes to property & casualty insurance, as well as to make informed decisions that align with your unique situation.

In this episode of Ed’s Edge, Ed & James breakdown the most common financial myths that are holding you back. They cover everything from the correct way to build wealth and the Latte Effect, to Social Security running out. You will learn the truth about these common misconceptions and how they could be affecting your lifestyle.

In this episode, Ed and James are joined by insurance expert, Bruce Hersh, the President of Smart Money Financial with over 40 years of experience in the insurance industry. Ed, James, and Bruce discuss the importance of a Long-Term Care policy and how it can de-rail your financial future if not planned for.Bruce provides guidance on what Long Term Care insurance is, who can benefit from it, and when to start looking for a policy. You will come away with a well-rounded understanding of long-term care insurance and actionable insights on making informed decisions that align with your financial plan.

In this episode, Ed & James discuss what we can and can’t control relating to the stock market, taxes, social security, and more. You will gain practical information about managing your finances and how to plan for your future.

In this episode of Ed’s Edge, Ed and James discuss the importance of balancing money, time, and health to live a fulfilling life. They draw inspiration from the wisdom of Warren Buffett and the Dalai Lama, highlighting the dangers of sacrificing health for wealth and the importance of living in the present. Ed and James share personal stories and insights to emphasize the need for a balanced approach to money and life.

In this episode, Ed and James are joined by real estate expert, Dave Swanson, a realtor at John Greene with over 20 years of experience. Dave provides a background of the housing market in recent years, discusses what you need to consider before buying a home, and the steps to take when you are ready to purchase a home.You will come away with a well-rounded understanding of the real estate market and actionable insights on making informed decisions that align with your financial plan. Whether you’re a first-time buyer or seasoned homeowner, this episode equips you with the knowledge to navigate the real estate market with confidence.

Join experienced financial advisors, Ed and James, as they discuss the world of finance, sharing their personal experiences and observations from their clients’ financial behaviors. With decades of experience under their belts, they discuss the most common financial mistakes that people often make, providing real-life examples and expert insights to help you avoid these pitfalls.In this episode, they explore everything from the costly mistake of overpaying taxes, discussing how this can occur and the impact it can have on your financial health, to the importance of having proper insurance coverage, highlighting the potential consequences of insufficient protection and how to ensure you’re adequately covered.Whether you’re looking to save, invest, or simply gain a better understanding of your financial habits, this episode is packed with valuable lessons and advice. Tune in now and equip yourself with the knowledge and mindset to avoid common financial mistakes and thrive in your financial journey.

Inheritance can be a game-changer, but it comes with its own set of challenges. Join us as we delve into the nitty-gritty of handling an inheritance responsibly, from navigating tax implications to creating a legacy that goes beyond just financial assets.

In this episode of Ed’s Edge, Ed and James embark on a journey through the intricate landscape of financial planning. As seasoned financial planners, they unravel the complexities and bring you a digestible discussion on the fundamental question: What is Financial Planning?Join Ed and James as they break down the five pillars of financial planning, offering insights, anecdotes, and practical tips to help you navigate the often daunting world of personal finance.Whether you’re an experienced investor or just starting to dip your toes into the realm of financial planning, this episode will provide you with valuable takeaways that can empower you to make informed decisions about your money. Tune in, buckle up, and get ready to embark on a journey towards thriving financially, with Ed and James as your trusty guides!

In this insightful conversation between Ed and James, they delve into the topic of transitioning to retirement. Ed and James explore a range of valuable tips to help individuals address both financial and non-financial concerns as they approach this significant life stage. From financial planning discussions to considerations about maintaining a fulfilling and purposeful lifestyle, these ideas should help provide direction for a happy next chapter. Whether it’s securing one’s financial future or finding new passions and interests, Ed and James offer practical examples from clients they’ve worked with to help people embark on this exciting journey with confidence and peace of mind.

Join Ed and James for a 20-minute journey into the fascinating world of money, where they delve into the most valuable lessons about your financial behavior and mindset. Ed and James have decades worth of experience working with clients and share the most commonly forgotten lessons. In this episode, they explore relatable real-life scenarios and expert insights that help you make smarter decisions with your money. Whether you’re aiming to save, invest, or simply gain a better understanding of your relationship with finances, this podcast equips you with the knowledge and mindset to thrive in your financial journey. Tune in now and pave your way to financial success!

We’ve all heard of the common financial tips on how to build wealth. Examples are to within our means and put money aside for our retirement, just to name a few. But what about when we’ve built up a solid nest egg and are close to needing to live off of it? In this podcast episode, we discuss how different the financial game is when we are close to the finish line, sharing our tips on what to consider at this stage of life.

Be honest…are you likely to either shrug them off or offer a skeptical eye? Conversely, hearing you are in danger and that person has your undivided attention. These natural tendencies stem back to thousands of years ago in how we operate as human beings. When we use this behavior with our investing decisions, we are playing with fire. In this podcast episode, we discuss exactly why we are “seduced” by pessimistic news and how you can separate facts in the market from your own feelings.

The Defined Benefit Plan is a pre-approved retirement plan solely for business owners or self-employed individuals who want to take advantage of massive tax savings each year in order to accelerate their retirement. We discussed exactly what this plan is in our first podcast episode, but we realize there are still many outstanding questions. For example, what are the limitations? How flexible is the plan? More broadly, what exactly is one getting themselves into by utilizing this plan? In part 2 of the Defined Benefit Plan podcast, we discuss those outstanding questions, highlighting exactly how the plan works for those that qualify.

If you are a small business owner or independent contractor with a high income who is tired of paying the government too much in taxes, you need to watch this! This little-known, IRS pre-approved retirement plan called The Defined Benefit Plan, can save you more in taxes than you thought was possible and help accelerate your retirement timeline. In this first episode, we provide an overview of the plan and discuss how it could help you.One of our clients who recently implemented the plan said “Instead of writing a check for $40,000, I am now receiving a refund.” That’s right, money back from the IRS. If you qualify, this strategy could mean tens of thousands of dollars back every year!