The Finance Things in Life

What does your self-worth have to do with your net worth?More than you might think.In this episode of The Finance Things in Life, Matt and Anthony Pitti sit down with Alana Cummings of Super Bloom Coaching to talk about the often-overlooked psychology behind the way we earn, spend, save, invest and think about wealth and money.Our financial decisions aren't made in a vacuum. Many of our beliefs about money are shaped long before we're adults by our parents, our upbringing, our experiences and the things we've been taught about what money means.So what happens when those beliefs no longer serve us?The conversation explores everything from leaving the corporate world and building a business to financial confidence, women taking a more active role in household finances, spending vs. saving, wealth and identity, and the upcoming generational transfer of wealth.In this episode, we discuss:The connection between *self-worth and net worth*Burnout and changing careersWhy women are increasingly taking a more active role in household financesThe importance of both partners understanding their financial planHow fear and emotion can influence financial decisionsThe money beliefs we inherit from our familiesScarcity, abundance and our relationship with wealthFinding a healthy balance between saving for the future and enjoying your life todayAbout Alana:Alana Cummings is a coach who works primarily with professionals looking to build confidence, trust themselves, strengthen their leadership and create a more fulfilling life. Her coaching focuses on helping clients identify blind spots, create intentional goals and take action toward the person they want to become.About The Pitti Group Wealth Management:The Pitti Group Wealth Management helps individuals and families navigate the financial decisions that matter most from retirement and investment planning to building, protecting and passing on wealth.Follow The Finance Things in Life for more conversations about money, investing, financial planning and the things that happen in life that affect your finances.Subscribe to the podcast on YouTube, Spotify and Apple Podcasts.Disclosure:The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters.The information provided is for educational and informational purposes only and does not constitute investment advice, and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status, or investment horizon. You should consult your attorney or tax advisor.The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward‐looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.The Pitti Group Wealth Management, LLC (“The Pitti Group”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where The Pitti Group and its representatives are properly licensed or exempt from licensure.

Healthcare is one of the biggest financial and personal considerations we face throughout our lives, but understanding how the system works can be complicated. In this episode of The Finance Things in Life, Matt and Sal sit down with Mike Stapleton, CEO of Thompson Health, to talk about the realities of healthcare today and what individuals and families should be thinking about as they age. Mike shares his perspective from decades in healthcare, beginning as a patient care technician and nurse before moving into hospital administration and ultimately becoming CEO of Thompson Health. The conversation covers everything from choosing between primary care, urgent care and the emergency department to the financial pressures facing hospitals, the role of Medicare and Medicaid, long-term care planning, preventive care, artificial intelligence, staffing, and the future of healthcare in our local community. In this episode, we discuss: Why knowing where to seek care can make a difference in both outcomes and cost When primary care, urgent care or the emergency department may be appropriate Why community hospitals play such an important role How Medicare, Medicaid, commercial insurance and self-pay affect hospital finances The financial pressures facing healthcare providers How AI is already changing healthcare and documentation Healthcare staffing and why retention matters The importance of preventive care and regular screenings What families should know about long-term care Why long-term care planning can be a critical part of retirement planning Healthcare proxies and having conversations about end-of-life wishes The future of Thompson Health and its planned expansion Mike's advice on starting to save and invest early About The Finance Things in Life The Finance Things in Life is a podcast from The Pitti Group Wealth Management exploring the financial decisions, conversations and life events that shape our financial futures. Have a topic you'd like us to cover? Send us your questions. Follow The Finance Things in Life on Spotify, Apple Podcasts and YouTube.thepittigroup.comHeadquartered in Victor, NY | Serving you 'round the globe!Disclosures:The content and information provided through the links should not be interpreted as being investment advice or a recommendation of suitability for any particular security, portfolio of securities, transaction, or investment strategy, or related decision. Please seek assistance from a qualified investment professional for any and all investment matters.The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status, or investment horizon. You should consult your attorney or tax advisor.The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward‐looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.The Pitti Group Wealth Management, LLC (“The Pitti Group”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where The Pitti Group and its representatives are properly licensed or exempt from licensure.

What happens when you're ready to retire from your business—but you're not sure what it's actually worth? For many business owners, their company represents one of their largest assets. Yet, as Dean Lobrutto explains in this episode of The Finance Things in Life, surprisingly few owners have a professional understanding of the value of their business or have started planning for what comes next. In Episode 9, Matt and Anthony sit down with Dean Lobrutto of ValueCap, Inc. to talk about business valuation, succession planning, mergers and acquisitions, preparing a business for sale, due diligence, deal structure, taxes, key employees, and what it really takes to create transferable business value. Dean brings nearly two decades of experience helping business owners navigate buying, selling and transitioning businesses. And one of the biggest takeaways from the conversation? You shouldn't wait until you're ready to sell to start preparing your business for an exit. In this episode, we discuss: When a business owner should begin talking with an M&A advisor  Why business valuation should happen years before a potential sale  How M&A advisors work alongside CPAs, attorneys, bankers and financial planners  The difference between selling to a third party and an internal transition  What buyers look for during due diligence  Why financial records can make or break a deal  The difference between asset sales and stock sales  How deal structure can affect taxes  Why key employees can be critical to a successful transition  The risks associated with seller financing  Why selling isn't always the only option  How reducing an owner's involvement can potentially increase transferable value  Why business owners should know what their company is worth before they need to know  How taxes can affect what a business owner actually keeps from a sale  Why assembling the right professional team years in advance can make a major difference  About The Finance Things in Life The Finance Things in Life is brought to you by The Pitti Group Wealth Management, where we believe financial planning is about more than investments—it's about preparing for the transitions, opportunities and decisions that shape your life. If you're a business owner thinking about retirement, succession or the future of your company, this conversation is one you'll want to hear. Like, comment and subscribe for more conversations about the financial things that happen in real life. Disclosure: The information provided in this podcast is for educational and informational purposes only and should not be construed as individualized investment, financial, tax, legal, accounting, or business valuation advice. Dean and ValueCap Inc are not employees or affiliated with The Pitti Group Wealth Management, and the views expressed in the podcast are his own. Tax, legal, and transactional considerations vary based on individual circumstances. Listeners should consult with their own qualified tax, legal, accounting, and other professionals regarding specific circumstances. Any examples discussed are provided for illustrative purposes only, and no particular transaction or financial outcome is guaranteed.   

When should you start taking Social Security?  At 62?  Full retirement age?  70?  And how could your decision affect your spouse, your retirement income, or even your long-term financial plan? In Episode 8 of The Finance Things in Life, Matt and Anthony sit down with Jim Pashalidis, a Registered Social Security Analyst and Medicare professional, for a candid conversation about some of the biggest questions people have when it comes to Social Security and retirement planning. They cover the basics of claiming Social Security, while also diving into the areas that can make the decision much more complicated—including spousal benefits, divorced-spouse benefits, working while collecting Social Security, your 35-year earnings history, longevity, break-even considerations, Medicare enrollment, and concerns about the future of Social Security. Most importantly, this episode emphasizes one major lesson: there isn't one Social Security strategy that works for everyone. Your age, earnings history, marital status, retirement assets, health and longevity considerations, and overall financial plan can all influence what makes sense for you. In this episode, you'll learn about: Why claiming Social Security at 62 isn't automatically the right choice  How waiting until full retirement age or 70 can affect your benefit  How working while collecting Social Security can affect benefits before full retirement age  How Social Security spousal benefits work  How one spouse's claiming decision can affect the other spouse  What divorced individuals should know about Social Security benefits  The importance of your 35-year earnings history  Why creating your Social Security account early can be valuable  Whether Social Security will still be there in the future  How retirement planning can reduce your dependence on Social Security  Why getting a second opinion or professional guidance can be valuable   Disclosure: The Pitti Group Wealth Management, LLC (“The Pitti Group”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where The Pitti Group and its representatives are properly licensed or exempt from licensure.   The guest featured in this podcast is not an employee or investment adviser representative of The Pitti Group. The guest's comments regarding Social Security and Medicare reflect the guest's own views and expertise. This podcast is provided for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered as individualized investment, financial, tax, legal, Social Security, or Medicare advice. Social Security and Medicare rules are complex, subject to change, and may vary based on individual circumstances. Information regarding Social Security and Medicare should be verified with the applicable government agency or a qualified professional before making any decisions. Any examples, projections, or illustrations discussed are hypothetical and based on assumptions that may not reflect actual results. There is no guarantee that any particular strategy or planning outcome will be achieved.  If you enjoyed this episode, like, subscribe, and follow The Finance Things in Life on YouTube, Spotify, and Apple Podcast so you don't miss future episodes.  The Pitti Group Wealth Management | Headquartered in Victor, NY | Serving you across the globe | thepittigroup.com 

Hot Ones: Financial Advisors Answer Tough Questions While Eating Extremely Hot Wings 🌶️ | The Pitti Group In this special Hot Ones-inspired episode of The Finance Things in Life, Matt and Anthony Pitti put their taste buds on the line while discussing financial myths, retirement planning, investing mistakes, credit card debt, financial habits, market timing, retirement savings, and more. Along the way, they share their hottest financial takes, common money mistakes they see clients make, and the financial advice they believe everyone should hear; while trying not to melt down from increasingly spicy hot sauces. Topics include: 🌶️ Financial myths that need to disappear 🌶️ Why diversification matters 🌶️ The dangers of credit card debt 🌶️ Market timing mistakes investors make 🌶️ Retirement planning misconceptions 🌶️ Why people spend money to "look successful" 🌶️ Financial decisions driven by emotion Description:What happens when financial advisors answer tough money questions while eating increasingly hotter wings? The truth about living within your means Whether you're building wealth, planning for retirement, or simply looking for financial advice that's a little more entertaining than usual, this episode is for you. Ready to build a financial plan that can handle the heat? Contact The Pitti Group to learn more. thepittigroup.com/contact#FinancialPlanning #RetirementPlanning #Investing #HotOnes #FinancialAdvisor #PersonalFinance #WealthManagement Chapters:00:00 Introduction & Hot Ones Challenge 02:15 What Financial Topic Sounds Boring but Matters Most? 05:10 Financial Myths That Need to Retire 08:45 Tax Planning & Retirement Planning Mistakes 11:30 Fear vs. Smart Financial Decisions 15:00 Rochester Hot Sauce Review 🌶️ 17:30 Who Panics First When Technology Breaks? 21:45 Credit Card Debt & Financial Red Flags 25:40 Why People Spend Money to Look Successful 29:15 The Truth About Market Timing 33:30 Wealth Habits That Actually Work 37:15 Financial TikTok: Helpful or Harmful? 42:00 Money Trends That Drive Advisors Crazy 46:20 Why Retirement Planning Is More Complicated Than People Think 51:15 Emotional Financial Decisions People Make 56:30 The Spiciest Financial Opinions 1:01:20 Money Truths People Don't Want to Hear 1:05:30 Financial Behaviors We Somehow Normalize 1:10:00 Final Hot Sauce Challenge & Wrap-Up Disclosures:The Pitti Group Wealth Management, LLC (“The Pitti Group”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where The Pitti Group and its representatives are properly licensed or exempt from licensure.The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.