Tag: Bonds
The Risks of a Concentrated Portfolio With Randy Porzel (Ep.55)

The Risks of a Concentrated Portfolio With Randy Porzel (Ep.55)

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How do you manage concentrated stock portfolios? With the tech industry thriving, many investors are discovering that their portfolios are heavily reliant on a few major tech stocks, making it a challenging landscape to navigate.

Nicole Romito converses with her colleague Randy Porzel, CFP®, and RICP® from Private Vista. Together, they explore the intricacies of concentrated stock positions and their potential effects on your financial future. They discuss effective methods for assessing your stocks, examine strategies to mitigate overexposure, and share insights on how to maintain a robust financial plan.

Gain insight as this episode highlights: 

  • The risks of concentrated stock positions and their impact on your financial plan
  • Effective strategies for diversifying a portfolio and reducing risk
  • The unique benefits of strategic gifting and charitable donations using stock 
  • Tax considerations and how to leverage capital losses
  • And more

Connect with Nicole Romito: 

Connect with Randy Porzel:

About Our Guest: 

Randy Porzel’s financial services career began in 2006 as an intern and has worked his way up through every job at Private Vista. Randy has spent hours in meetings with clients, asking questions, and observing. He learned to recognize expectations, a client’s need for clarity, and how without it, there might exist an anxious future. It’s why Randy enjoys taking his clients through Private Vista’s planning process, using Private Vista’s tools that answer their questions and clear any uncertainty so that his clients can look forward to their idea of an enriched life.

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FEATURE
Year-End Financial Planning With Jim Weil (Ep. 31)

Year-End Financial Planning With Jim Weil (Ep. 31)

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How can you optimize your year-end financial planning? 

With the end of the year nearing, it’s a good idea to review our financial plans and look at what we have set up for the long-term.

In this episode of Dollar$ and $ense, Jim Weil CFP®, CIMA®, managing partner at Private Vista, joins Nicole Romito to talk about year-end planning strategies. They discuss managing income and taxes, including accelerating or deferring income based on tax brackets, bunching deductions, and timing bonuses for business owners. Nicole and Jim also touch on funding retirement plans and leveraging tax brackets through family member payroll additions while exploring the importance of proactive planning and consulting with financial advisors and CPAs to navigate changing tax laws.

Nicole and Jim discuss: 

  • Year-end planning strategies for managing income and taxes
  • Flexibility in income and compensation plans for business owners and executives
  • Tax loss harvesting and timing considerations
  • The benefits and drawbacks of interest rate increases
  • Reviewing estimated tax payments and maximizing deductions
  • And more

 

Resources:

Connect with Nicole Romito: 

Connect with Jim Weil:

About our Guest: 

Jim Weil is a seasoned financial planning professional with over 30 years of dedicated expertise in the field. His career began in the late eighties after graduating with a financial planning degree from Purdue University. Jim’s commitment to excellence is demonstrated through his possession of the prestigious CFP (Certified Financial Planner) and CIMA (Certified Investment Management Analyst) designations. Jim’s professional journey has been marked by his passion for client success, and he has undertaken the role of managing partner for Private Vista for the past five years. Beyond his client-focused responsibilities, Jim’s influence extends to the board of directors of Hightower Advisors, Private Vista’s parent company. His exceptional leadership and financial acumen have made him an invaluable asset to the industry and a respected colleague for nearly two decades.

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