Investing – Dollars and Sense

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

By Dollar$ and $ense | November 13, 2024

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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Building Your Financial Dream Team with Greg Bogdan (Ep.54)

By Dollar$ and $ense | October 23, 2024

Assembling a smart financial team could be the key to your long-term financial success.

Financial planning isn’t just about the numbers; it’s about orchestrating a professional team that grows with you, helping further secure your financial future and peace of mind.

Nicole Romito sits down with Greg Bogdan, Senior Advisor at Private Vista, to discuss why having a well-rounded financial team is crucial. Learn the importance of avoiding a “team of one,” how to integrate your financial, legal, and tax advisors, and real-life stories illustrating the impact of a coordinated approach.

The importance of a complete team: Understand why a single advisor may not be enough to cover complex financial needs.
The value of proactive planning and why regular updates are essential
Examples of how a coordinated team has simplified estate settlement and major financial decisions
How to start building your financial team today

Connect with Nicole Romito:

Connect with Greg Bogdan:

About Our Guest:

Greg Bogdan enjoys creating lasting relationships as a trusted advisor to clients. He finds it most rewarding to help his clients think through their financial situations in developing a customized plan and path to achieving their goals. After walking clients through his process, Greg hopes that they come away feeling empowered to make informed financial decisions with the confidence of knowing how to achieve their vision of ‘financial independence’ while living a more enriched and fulfilling life.

With a busy, young family, outside of work and in between shuttling their girls (ages 7, 5, and 1) between activities, Greg, and his wife, Christi, enjoy cookouts and entertaining with their friends and family. During the summer months, they’re often found at nearby parks, going on walks with their dog, Clancy, or riding bikes as a family. They most enjoy summer vacations on the beaches of Cape Cod and the shores of Michigan. In the future, My Private Vista is to explore the country and instill their love of traveling in their girls.

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REPLAY: Everything You Need To Know About 529 Plans With Colleen Dwyer (Ep. 49)

By Dollar$ and $ense | August 14, 2024

Have you heard of the 529 plan?

It could be your new key to unlocking a brighter future for your kids while being financially efficient.

Join Nicole Romito as she and her colleague, Colleen Dwyer share the essentials of 529 plans, the tax advantages they offer, and how they can be an integral part of securing the educational futures of your children or grandchildren. Follow along to learn who can contribute, what expenses qualify, and the benefits of starting early.

Nicole and Colleen discuss:

What a 529 plan is and how the money invested in it can be used
Differences between state-specific plans and strategic decisions
Who and what qualifies for a 529 plan
The tax and financial benefits of a 529 plan and how to set them up properly
And more

Connect with Nicole Romito:

Connect with Colleen Dwyer:

About Our Guest:

Colleen Dwyer’s financial services career began in 2018. As a financial advisor at Private Vista, she develops trusted relationships with clients and collaborates to build a plan that creates financial confidence and independence. She enjoys working with a dedicated and experienced team to deliver personal and critical advice and service, so her clients can be successful both financially and personally.

Colleen loves to spend quality time with her friends and family, and actively participate in her community. She lives with her husband in Lincoln Park and enjoys all the city has to offer – frequent bike rides and trying new restaurants. When not in Chicago, she spends time in Michigan and the western suburbs visiting family. Colleen also loves to travel and looks forward to checking places off her bucket list when she can.

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Municipal Bonds Unveiled with Matt Bernardi (Ep. 37)

By Dollar$ and $ense | February 14, 2024

There is a big part of the investing world that doesn’t get as much news as equity markets.

But it should.

In this installment of Dollar$ and $ense, Nicole is joined by Matt Bernardi from Bernardi Securities. Together, they demystify the municipal bond market, a key component in funding local infrastructure projects that are vital to our communities. Matt and Nicole expand on how today’s market has weathered the storm of the COVID-19 crisis and the role of stimulus funds in ensuring municipal stability. The discussion extends to the broader economic context, including consumer spending patterns and the Federal Reserve’s monetary policy, to illustrate their impact on the bond market.

With this episode, you will gain insight into:

The significance of the municipal bond market
Resilience and adaptability of municipal credit during and after COVID-19
How the Federal Reserve’s actions impact the municipal bond market
Pension liabilities and the potential effects of quantitative tightening on bond portfolios
And more

Resources:

Connect with Nicole Romito:

Connect with Matt Bernardi:

About Our Guest:

Matt Bernardi joined Bernardi Securities in August of 2013 after trading for 3 years at Chesapeake Partners, a hedge fund located in Baltimore, Maryland. Matt currently assists individuals, pension funds, banks, and other institutions regarding their municipal bond portfolios. He graduated from Johns Hopkins University in 2010 with a B.A. in history and economics minor. Matt currently holds the Series 7, 24, 27, 52, 53, 63, and 65 licenses, serves on the Union League Boys & Girls Club investment committee, and is past President of the Associate Board.

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Annuities 101 with Steve Merdinger (Ep. 24)

By Dollars-and-Sense | July 26, 2023

Purchasing annuities can be confusing, and on top of that, they’re often an emotional decision.

In this episode, Nicole Romito breaks down annuities with Steve Merdinger, ChFC®, CFP®, Partner at Private Vista. They give an overview of points to consider and things to be aware of before purchasing them.

Steve discusses:

What fixed and variable annuities are
The importance of understanding what you’re buying
The general prices of different annuities you can anticipate
The pros and cons of annuitization and what the exclusion ratio is
Why purchasing an annuity tends to be an emotional decision
How annuity contracts are structured
And more

Connect with Nicole Romito:

Connect with Steve Merdinger:

About our Guest:

Steve Merdinger is a Partner and experienced Certified Financial Planner (CFP®) and Chartered Financial Consultant (CHFC®). With over three decades in financial planning, he helps individuals and families achieve their goals. Having worked in his family’s business, Steve has valuable insights into family-owned enterprises and succession planning. He holds a Bachelor of Business Administration from the University of Kansas and actively mentors students in the University of KU Business School program. Steve is involved in the Chicago Board of the Positive Coaching Alliance and aspires to become a trainer with the organization. He is a member of the Union League Chicago and the Valley Lo Club.

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A Year of Unknowns with Stephanie Link (Ep. 9)

By Dollars-and-Sense | December 14, 2022

The year is coming to an end. Let’s take a quick look at what has happened in the markets, and see what we can do to anticipate what’s coming.

In this episode, Nicole brings Stephanie Link, Chief Investment Strategist and Portfolio Manager at Hightower Advisors, onto the show to go over the year-end market update for 2022. Stephanie also shares a story reminiscing about joining the financial industry, talks about her passion for being compassionate with clients, and gives future financial advisors some advice for joining the industry.

Stephanie discusses:

The importance of building trust between advisors and clients
The steady interest rate increase in 2022 and what she thinks can be expected next year
How looking at past market trends with clients can provide reassurance and calm their investment anxiety
Some important tips for young women looking to enter the financial services industry
And more

Connect with Nicole Romito:

Connect with Stephanie Link:

About our Guest:

Stephanie Link is a Chief Investment Strategist and Portfolio Manager for Hightower Advisors. Prior to joining Hightower, Stephanie was a senior managing director and Head of Global Equities Research at TIAA Investments, where she managed $3.7 billion within the equity income strategy. She also served as the Chief Investment Officer and Co-Portfolio Manager of Jim Kramer’s Charitable Trust at TheStreet, and as Managing Director of Institutional Sales and Director of Research at Prudential Equity Group. With over 30 years of experience managing money, Stephanie Link’s insights are frequently sought after for industry events and by the media, including CNBC, The Halftime Report, Closing Bell, and Squawk Box.

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Everything You Need To Know About 529 Plans With Colleen Dwyer (Ep. 7)

By Dollars-and-Sense | November 9, 2022

A 529 plan is a college investment plan that offers tax and financial aid advantages, but what exactly is covered?

In this episode, Nicole provides an overview of 529 plans with her colleague, Colleen Dwyer. Colleen covers an overview of what a 529 plan is, the different advantages of the plan, and some of its limitations and flexibilities.

Colleen discusses:

What a 529 plan is and how the money invested in it can be used
How you can use the tax benefits and financial aid of a 529 plan to your advantage
What it means to offer financial support to beneficiaries through a 529 plan
Some of the possibilities and probabilities around the best way to use the plan
And more