In this episode of The Plum Pointe Wealth Management Podcast Series, we delve into the fascinating world of longevity planning. With advancements in healthcare and technology, people are living longer lives than ever before. But what does this mean for your wealth plan? Can it support you as you age well into your 90s or even 100s?

From managing healthcare costs to ensuring your assets last throughout your extended retirement years, we uncover strategies to help you prepare for a longer lifespan.

Discover how incorporating longevity risk into your financial plan can provide you with peace of mind and confidence in your financial future. Whether you're nearing retirement or already enjoying your golden years, this episode offers valuable insights to help you navigate the complexities of planning for a longer, healthier, and more fulfilling life.

Chapters:

0:00 - Introduction and overview on the topic of the show

1:09 - A big challenge many older adults are facing

2:53 - Why you should be thinking more about your longevity plan

4:30 - The ripple effect of neglecting to plan for a longer life

7:53 - How Brian helps address these conversations at Plum Pointe Wealth Management

10:20 - Five steps to consider for a lengthy retirement

13:12 - Revisiting your financial plan over time

16:08 - Repositioning your portfolio later in life

17:50 - Completing a risk audit

19:33 - How you can begin your longevity planning efforts

20:44 - A client story successfully planning for a lengthy retirement

23:20 - How to get in touch with Brian and his team

24:01 - Closing remarks

Connect with Brian Dunckley:

Website

LinkedIn

YouTube

You’ve sold your business and there are countless questions and logistics that need to be addressed. How do you manage the emotion and the loss of that business owner identity? How do you manage what is now a liquid asset in your life?

On the latest episode of the Plum Pointe Wealth Management Podcast Series, Brian breaks down these critical questions facing business owners as they transition into the next phase of life.

Listen, as Brian shares client stories, as well as best practices, for navigating this challenging time.

Chapters:

0:00 - Introduction and overview on the topic of the day

1:09 - The challenging questions business owners are asking themselves once they sell

2:48 - Dealing with the emotional loss of a business owner's identity

5:02 - The ripple effect of this challenge

7:01 - What life can look like when you have a clear plan for your future

8:50 - Brian's background as a scientist and working with business owners

10:52 - Five steps to consider after selling your business

13:29 - Understanding your tax liability

15:09 - Developing a cash plan

17:24 - Examining your additional items (healthcare, insurance, etc.)

19:03 - Reviewing and updating your legacy plan

20:33 - How to get in touch with Brian and his team to start a conversation

21:09 - Digging into a client story and their plan post selling a business

24:26 - Closing remarks

Connect with Brian Dunckley:

Website

LinkedIn

YouTube

In this thought-provoking episode, we delve into a crucial question that many affluent families grapple with: "Are My Heirs Prepared to Handle Our Family Wealth One Day?" Managing family wealth isn't just about growing assets; it's also about ensuring its sustainability and responsible stewardship across generations.

Join us as Brian explores the multifaceted aspects of preparing heirs for the responsibilities that come with inherited wealth. We'll discuss the importance of instilling financial literacy, values, and a strong work ethic in the younger generation.

This episode is packed with helpful takeaways for your family and its estate planning efforts overall.

Chapters:

0:00 - Introduction and overview on the topic of the day

1:24 - Trillions of dollars are going to be passed down to heirs over the next two decades

2:30 - "Shirtsleeves to shirtsleeves"

4:05 - The interpersonal issues that can arise when wealth is transferred

5:33 - The ripple effect of your heirs not being ready to inherit family wealth

7:54 - What life looks like when your heirs are truly ready to inherit the family wealth

10:07 - How Plum Pointe navigates these conversation with clients and affluent families

13:25 - Engage, Educate, and Empower

16:15 - Identify your family values

17:46 - Instilling financial literacy in 10-19 year-olds

20:00 - Conducting formal family meetings to discuss the family goals and wealth

22:26 - Introducing your children to your wealth manager and advisors

24:21 - Advice for someone who needs to get started on this process

26:20 - Two stories about clients doing different levels of planning

30:11 - How to get in touch with Brian and his team

31:21 - Closing remarks

Connect with Brian Dunckley:

Website

LinkedIn

YouTube

You have a financial plan in place, but you haven't revisited it for quite some time.

Does this sound like you? Well, if you aren't revisiting your financial plan, your ability to take care of your loved ones forever may be in jeopardy.

On the latest installment of the Plum Pointe Wealth Management Podcast Series, Brian Dunckley addresses the overall importance of keeping your wealth plan up-to-date, as well as some specific action items you can take to address your unique situation.

Chapters:

0:00 - Introduction and overview on a common financial problem many people face

2:39 - The ripple effect of not revisiting your financial plan over time

7:58 - How life could look if you're actively revisiting your financial plan

10:07 - How Brian works with clients to address these long-term financial concerns

13:05 - The discovery and analysis process involved in refining your wealth plan

19:58 - How you can leverage this process for your own benefit

21:50 - A client story of reviewing their estate planning following big life changes

25:30 - How to get in touch with Brian and his team

26:29 - Closing remarks

Connect with Brian Dunckley:

Website

LinkedIn

YouTube

If something were to happen to you, is your family equipped to provide for themselves? Will you be leaving them in a financially secure state of life?

On the latest episode of The Plum Pointe Wealth Management Video and Podcast Series, we're analyzing the importance of foundational wealth planning, including a look into the various levels of risk facing your family's wealth.

Join us for a conversation that's bound to leave you with some takeaways for you, your family, and your business!

Chapters:

0:00 - Introduction and overview on the topic of the day

1:17 - How do you take care of your loved ones forever?

2:38 - Three areas that could impact your wealth negatively

7:20 - The ripple effect of not taking proper precautions with regard to your family wealth

10:55 - Life is better when you have the proper planning in place

13:50 - Brian's background and how he assists families in dealing with these concerns

16:29 - Examine the sources of risk and address how they impact your life and wealth

21:09 - Leveraging foundational planning

22:34 - Working with a team of experts

24:51 - Evaluating and adapting to changes over time

26:56 - Communicate your plan over time!

28:12 - How to get in touch with Brian and his team to open up a dialogue

30:14 - A client story

34:32 - Closing remarks

Connect with Brian Dunckley:

Website

LinkedIn

YouTube

Are you really ready to sell your business?

This is a critically important question any business owner should be asking themselves when they're beginning to consider this reality. The fact of the matter is that there are micro and macro considerations to this question. Is this really the right time for you to sell this business, personally speaking? And should you sell now given current market conditions or wait for a better time?

On the opening episode of our podcast series, we're introducing you to Brian Dunckley, President and Founder of Plum Pointe Wealth Management, and taking a deep dive into how he navigates this conversation with his business owner clients.

Enjoy!

Chapters:

0:00 - Introduction and overview on the show itself

1:19 - There are countless considerations at play when you're gearing up to sell your business

1:58 - Why this is such an important topic to discuss

5:20 - The negative effects of a business owner not taking any action

9:11 - How Brian works with his clients to navigate these types of issues

12:35 - The Seven Steps of Selling Your Business

15:30 - Have an objective assessment of your businesses value

17:14 - Compare your financial goals with the value of the business

18:30 - Hire a team of experts to assist in this complex process

22:40 - Prepare your story!

24:50 - Sourcing strategic buyers for your business

27:20 - Where to begin if you're considering the sale of your business

30:10 - Brian's work in assisting the sale of a family business

34:14 - How to get in touch with Brian's team to discuss this topic further

35:14 - Closing remarks

Connect with Brian Dunckley:

Website

LinkedIn

YouTube