Ethan S. Grossman, CFA

Retirement Financial Group is unwavering in our dedication to helping individuals and families find 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 𝗮𝗻𝗱 𝗳𝘂𝗹𝗳𝗶𝗹𝗹𝗺𝗲𝗻𝘁 𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝗴𝗼𝗹𝗱𝗲𝗻 𝘆𝗲𝗮𝗿𝘀. Our commitment to an 𝗮𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰, 𝘁𝗲𝘀𝘁𝗲𝗱, 𝗿𝗲𝗹𝗶𝗮𝗯𝗹𝗲, 𝗮𝗻𝗱 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝘁 financial planning approach sets us apart. 🌟 We understand that retirement is one of life’s most significant milestones. We are here to support you in identifying and 𝗮𝗰𝗵𝗶𝗲𝘃𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝘂𝗻𝗶𝗾𝘂𝗲 𝗿𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗮𝘀𝗽𝗶𝗿𝗮𝘁𝗶𝗼𝗻𝘀. Whether it’s planning for travel, spending more time with family, or pursuing new hobbies, we are here to 𝗺𝗮𝗸𝗲 𝘆𝗼𝘂𝗿 𝗱𝗿𝗲𝗮𝗺𝘀 𝗮 𝗿𝗲𝗮𝗹𝗶𝘁𝘆. Ready to take the next step? See my 𝗹𝗶𝗻𝗸 𝗶𝗻 𝗯𝗶𝗼 to start creating your personalized retirement strategy today. Your golden years are just around the corner, and we are here to ensure they are 𝗲𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴 𝘆𝗼𝘂’𝘃𝗲 𝗱𝗿𝗲𝗮𝗺𝗲𝗱 𝗼𝗳! 🌅 #ourpromise #retirementplanning #taxes

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Beneficiary Designations and Transfer on Death TOD Registrations are effective ways to avoid probate. However, Trusts can be designed to provide a more controlled and strategic distribution of wealth. Schedule a complimentary consultation to learn how to prepare yourself for the estate planning process and receive our Estate Planning/Legacy guide.

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What do business owners do in a post-Connelly world where there may be adverse tax implications to having your business own and be the beneficiary of your buy/sell life insurance? I'm so glad you asked, one option might be a Buy-Sell Life Insurance LLC. This article from Catalyst Solutions Group and M Financial Group outlines how a special purpose LLC for the explicit purpose to purchase life insurance might be an effective option for the right client. It isn't the only solution out there and isn't the right fit for everyone but with more and more news coming out about Connelly vs. the IRS, I thought this might be a helpful post. If you're a business owner or an advisor working with business owners and been wondering about this topic and what your next steps might be, give this a read. I hope you find it helpful! #buysell #buysellarrangement #llc #buysellllc #specialpurposellc #succession #successionplanning #lifeinsurance #connellyvsirs #supremecourt #business #businessplanning #exitplanning

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The increased demand on DC plans and the focus on fees require greater attention to fee management, allocation, and documentation. Discover robust practices and considerations for plan sponsors looking to meet their fiduciary obligations. #DefinedContribution #investing #retirement

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5 ways to NOT leave a lasting legacy when exiting your business: 1. Prioritize short-term gain over long-term impact 2. Disregard the effect of the sale on employees, customers, and community 3. Choose a buyer solely based on price, not alignment with your values 4. Fail to communicate your vision and inspire others to carry it forward 5. Exit abruptly with no succession plan or knowledge transfer Your legacy will be cemented by the way you transition out of your business, not just the transaction. The key is to be intentional about the mark you want to leave and make choices that enable your company's sustained success.

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Over the last several years, there has been a continuous trend of financial advisors seeking to transition to the independent business model – either as a hybrid (where they would remain associated with a broker-dealer) or fully independent (at an RIA-only firm). However, many hesitate due to concerns over new obligations and uncertainty over which affiliation structure to use. Read the recent Jacko Law Group blog post on the topic here: https://hubs.li/Q02zkx0H0 #jackolg #broker-dealer #hybridRIA #independentRIA

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It often makes sense to think of estate planning not only in terms of which assets go to which person, but also in terms of how best to use those assets to incentivize the types of behavior that the assets' owner wants to instill in their heirs. By broaching these subjects with the client in the initial stages of the estate planning process, advisors can play a critical role in assisting clients in making sure their legacy is preserved for generations to come. In this article by David Haughton, JD, CPWA®, he shares how: -How wealth is typically distributed and when it can inhibit a beneficiary's motivation for personal development -Creative tools to incentivize beneficiaries -Tools to disincentivize bad behavior -What role advisors can play, and how to bring this conversation back to clients https://bit.ly/45rZhOi #advicers

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Many business owners focus solely on growing their revenue, but… That's only half the equation. To truly maximize your company's worth, you must also… Focus on growing its value. While increasing sales and profits is important, building transferable value is what attracts buyers and drives up your selling price. This means creating systems, processes, and a strong team that can thrive without you. It's about making your business an attractive asset that can be easily acquired and scaled. Remember, growth is important, but… It's the value you build that ultimately determines your exit success. Are you focusing on growing your business's value, not just its size?

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Frost Insurance is with you before, during and after the storm. Our experienced risk advisors can provide you with the resources and insight you need for post-storm recovery efforts. Call (866) 227-2099 and learn more about how we are here when you need us. #hereforyou #FrostInsurance

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We get it… the draw of moving south to the sun and the warm weather can be very appealing. If you plan on purchasing property and switching your residency to a state like Florida, there are a few steps that you will need to take to ensure that you do it right and to avoid potential tax issues. Visit our website at https://lnkd.in/eHEqWKQz to learn more about establishing tax residency or contact an Alloy Silverstein advisor for guidance today. #AlloySilverstein #residency #Florida #NewJersey #secondhome #home #property

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Key Strategies for Financial Advisors for Balancing Risk and Reward As Financial Advisors, one of your primary responsibilities is to help clients navigate the delicate balance between risk and reward in their investment strategies. At Empire Marketing Partners, we understand the importance of aligning clients' risk tolerance with their financial goals to achieve optimal outcomes. 🎯 Understanding Risk Tolerance Before embarking on any investment journey, it's essential to assess clients' risk tolerance levels. This involves gauging their comfort with market fluctuations, their investment time horizon, and their financial objectives. By gaining a clear understanding of clients' risk tolerance, we can tailor investment strategies that align with their comfort levels and aspirations. 💼 Strategies for Mitigating Risk While no investment is without risk, there are several strategies Financial Advisors can employ to help mitigate downside potential and protect clients' assets. From diversifying portfolios across asset classes and geographic regions to implementing risk management techniques such as stop-loss orders and asset allocation rebalancing, there are myriad ways to safeguard against volatility and preserve wealth over the long term. 📈 Aligning Risk with Financial Goals Ultimately, the key to successful risk management lies in aligning clients' risk tolerance with their financial goals. By conducting thorough assessments, setting realistic expectations, and crafting personalized investment plans, Financial Advisors can empower clients to make informed decisions that support their long-term objectives while navigating market uncertainties. At Empire Marketing Partners, we're committed to providing Financial Advisors with the tools, resources, and support they need to effectively balance risk and reward in their investment strategies. By staying informed, staying adaptable, and staying true to our clients' best interests, we can navigate the complexities of the financial markets with confidence and clarity. Let's empower our clients to achieve their financial goals while safeguarding their wealth for the future. Together, we can create meaningful change and build a brighter financial future for all. #FinancialAdvisors #RiskManagement #InvestmentStrategies #EmpireMarketingPartners

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Taxes are going up, and we know when 🤬. Check out our latest pod on the sunsetting provisions of the Tax Cuts and Jobs Act and what you should do now to save in taxes! This will impact almost everyone (unless you don't pay tax 🤑) Check out the episode today!

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https://lnkd.in/eNMQk-Y9 Will the Fed reduce rates in September? We don't think so. Shelter costs are still running at 5% increase per year and contribute more than 1% to the overall CPI. The Federal Reserve is hoping for inflation to fall below 2% before dropping rates. Until last month, when energy costs plummeted and brought month over month CPI increase to 0%, inflation had been increasing at an annualized rate of 3% to 4%. There are no Fed meetings in August or October. Even though many experts believe there is a 75% chance for a rate cut in September, we believe it may come after the election.

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While long-term care coverage costs are based on several factors, you should consider protecting yourself from a potential care need. Click below to read this article to learn about your options. #longtermcare https://cbsn.ws/45TAJOq

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In our sales discipline, we emphasize making six calls a day and completing one activity a week. This approach is uniquely valuable for salespeople, as it helps build a strong foundation for success in various aspects of life. To make six calls, one must plan in advance, considering the target audience, sales pitch, and the route to cover all locations. Preparing a sales pitch, including an elevator pitch, is essential since audience time and attention are limited. Additionally, this discipline teaches important time management skills, as there are only so many hours in a day. Moreover, salespeople train themselves to be mentally and physically strong, pushing their limits despite adverse weather conditions or other challenges. The organization also benefits by achieving its objectives and having great employees who serve as brand ambassadors. These lessons are unique to corporate life, so embrace and enjoy the hard work. Cheers!

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