Category: Financial Advisor
The 10 Biggest Estate Planning Mistakes (Ep. 8)

The 10 Biggest Estate Planning Mistakes (Ep. 8)

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Estate planning isn’t a fun topic of conversation, but it’s more important than you might think. Don’t miss these 10 common mistakes.

In this episode, Adam Scott shares 10 of the most significant estate planning mistakes. He explains what they are and how to avoid them! He also drives the lessons home with a few stories about instances of these snafus.

Adam discusses: 

  • What the 10 biggest estate planning mistakes are
  • Why some of these mistakes are easily overlooked
  • Why the most important mistake to avoid is not having a trust
  • The pros and cons of B trusts
  • And more

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10 Important Questions To Ask Your Financial Advisor (Ep. 7)

10 Important Questions To Ask Your Financial Advisor (Ep. 7)

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Finding a financial advisor can be difficult. Just because they are likable doesn’t mean they will be excellent at taking care of you. How can you tell the difference?

In this episode, Adam shares 10 of the most important questions everyone should ask their financial advisor, especially if they are in the interview process, to find out if the financial advisor will actually help them, how they’ll help, or if the advisor will put their own interests first.

Adam discusses: 

  • Why it’s important to ask if the advisor has any customer complaints or abuses on their record, and how to find the answer before asking them
  • The different fee structures and how they can determine if an advisor will put your needs first
  • Why outsourcing investment management matters
  • Why your advisor should specialize in your niche
  • And more

Resources:

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The Top 8 Tax Oversights That CPAs And Their Clients Make (Ep. 6)

The Top 8 Tax Oversights That CPAs And Their Clients Make (Ep. 6)

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Taxes are something everyone could save money on by properly implementing tax strategies, but many of those strategies can easily be overlooked.

In this episode, Adam highlights the top 8 tax oversights CPAs and clients make. He explains how these overlooked strategies can save clients tons of money unnecessarily spent on taxes and he emphasizes the importance of having tax returns double-checked by a financial advisor before submitting them.

Adam discusses:

  • What itemized deductions are, but why you may be wasting time and money itemizing.
  • Ensuring charitable contributions are structured correctly to be a tax write-off
  • How to optimize retirement contributions
  • The importance of reducing Medicare tax and how to do it for self-employed business owners.
  • And 4 more tax-saving strategies CPAs often overlook

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Top 10 Year-End Tax Tips (Ep. 5)

Top 10 Year-End Tax Tips (Ep. 5)

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The end of the tax year is rapidly approaching, and we have 10 tips to help you minimize your taxes.

In this episode, Adam shares his Top 10 year-end tax tips as the end of 2022 nears. He talks about Roth conversions, why and when it’s a great strategy to reduce taxes, and how it works. Adding to Roth conversions, Adam shares a few stories about putting Roth conversions into practice and finishes with a speedy roundup of nine other great year-end tax strategies.

Adam discusses: 

  • What a Roth conversion is
  • Why a Roth conversion is a great tax-saving strategy and how it works
  • Using Roth conversions can go wrong if you do not know what you are doing, as described in a few examples
  • And more

Resources:

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Our 90-10 Investment Process™: Part 2 (Ep. 4)

Our 90-10 Investment Process™: Part 2 (Ep. 4)

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We help reduce risk, enhance returns and create more certainty with our 90-10 Investment Process™ and our 5 Investment Pillars. Previously, we talked about pillars 1-3. Today, we wrap up our philosophy with pillars 4 and 5.

In this episode, Adam Scott, CFP®, elaborates on the 90-10 Investment Process™ with a recap of pillars 1-3 before diving into pillars 4 and 5. Adam unpacks the bucket investment strategy and shares a story explaining how the different types of buckets can be utilized. Adam then talks about the significance of tax efficiency in navigating your financial journey.

Adam discusses: 

  • A recap of pillars 1-3 from the previous episode of Red Carpet Retirement™
  • Pillar number 4, the bucket investment strategy, and 5, tax efficiency
  • A client’s story detailing how investment buckets are set up and what each type of bucket is for
  • How important tax efficiency is in navigating your financial journey
  • And more

Resources:

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Our 90-10 Investment Process™: Part 1 (Ep. 3)

Our 90-10 Investment Process™: Part 1 (Ep. 3)

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Many intelligent people invest inefficiently, or worse, they make catastrophic investment mistakes. They don’t know what they don’t know. At WellAcre, we help minimize risk, enhance returns and create more certainty with our patented 90-10 investment Process™ and our 5 Investment Pillars.

In this episode, Adam introduces WellAcre Wealth Management’s 90-10 Investment Process™, goes over the 5 Investment Pillars, and elaborates on the first three in-depth. Don’t hesitate to contact Adam Scott, CFP®, for more information or subscribe to Red Carpet Retirement™ for our upcoming episode about the last two pillars of our investment strategy.

Adam  discusses: 

  • Why investors should solve for the reliability of income as opposed to the return on investment
  • How we use evidence-based investing in reducing the risk of running out of money
  • How we use psychology and behavior to help navigate investment bubbles and black swan events
  • And more

Resources:

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Making Work Optional with WellAcre Wealth Management, LLC (Ep. 2)

Making Work Optional with WellAcre Wealth Management, LLC (Ep. 2)

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What is it like to work with WellAcre Wealth Management, LLC, and how do they make work optional?

In this episode, Adam Scott, CFP®, describes the Red Carpet Experience of working with WellAcre Wealth Management. Adam covers the significance of being a fee-only financial planner and the importance of their patented Lunar Landing Wealth Management Formula™.  Adam goes over what someone can expect when they call the office to arrange a meeting with him and describes the Lunar Landing Formula, designed to make work optional. This includes a description of four of the main pillars of Advanced Financial Planning.

Adam discusses: 

  • A recap of what it means to be a fee-only financial planner from the previous episode
  • What to expect when you phone WellAcre Wealth Management and set up a Visions and Values meeting with Adam
  • WellAcre’s formula for smooth-sailing financial management 
  • The four main pillars of advanced planning
  • And more

Resources:

Connect with Adam Scott: 

Phone: 310-220-4946

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Meet Your Red Carpet Retirement Host Adam Scott, CFP® (Ep. 1)

Meet Your Red Carpet Retirement Host Adam Scott, CFP® (Ep. 1)

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Here at Red Carpet Retirement™, we help Make Work Optional™ for successful pre-retirees and retirees by helping to enhance and secure their financial future. We do our best work with business owners and highly successful individuals from the entertainment and creative industries. Listen and learn today!

In this first episode, Adam Scott, CFP®, starts his podcast with stories about his experiences in the entertainment industry and how he got into the financial services industry. Adam shares what success looks like to him and what to expect in future episodes.

Adam discusses: 

  • How he got into the financial services industry
  • Why he enjoys working with business owners and people in the entertainment industry
  • What you can expect from the Red Carpet Retirement™ Podcast
  • And more

Resources:

Connect with Adam Scott, CFP®: 

Phone: 310-220-4946

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