Best Advice Podcast Guys

In this episode of the BA Podcast Guys, host Robert Lovaglio sits down with David Allen, CFP, Founder and Managing Partner of Security Financial Management, to discuss one of the most important yet often overlooked topics in personal finance: estate planning and inheritance strategy.
 
Many families assume that simply having a will is enough to pass assets to their children, but the reality is far more complex. In this conversation, Robert Lovaglio and David Allen break down the key differences between wills, trusts, joint ownership, and other estate planning tools that can impact how your wealth and property are transferred to the next generation.
 
David Allen explains practical strategies that families can use to avoid probate, reduce unnecessary taxes, and prevent conflicts between children after assets are passed down.
 
The discussion also covers the concept of step-up in basis, why gifting property too early can create significant tax burdens, and how tools such as revocable trusts or ladybird deeds can help protect your estate.
 
This episode is especially valuable for anyone who owns a home, has children, or wants to ensure their wealth is transferred efficiently and fairly. Whether you are just starting to think about estate planning or reviewing your existing plan, this conversation provides clear insights into how proper planning can save money, protect relationships, and secure your family's financial future.
 
Topics discussed in this episode include estate planning basics, inheritance strategies, wills vs trusts, probate explained, property inheritance, tax implications of gifting property, and wealth transfer planning. BA Podcast Guys continues to bring practical financial conversations with experts who help simplify complex topics so listeners can make smarter financial decisions. ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
Timestamps: 00:00 – Intro
01:15 – Unequal Inheritance Between Children
02:07 – Using a Will to Pass Property
03:07 – What Is a Ladybird Deed
04:16 – Tax Problems When Gifting Property
06:24 – Revocable vs Irrevocable Trusts
07:46 – Family Conflicts Over Estate Planning
09:06 – Risks of Joint Ownership Strategy
13:30 – What Probate Means and Costs ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ 📈 Welcome to Best Advice Podcast Guys! We bring you expert financial advice, success stories, and insights from top industry leaders. Hosted by Robert Lovaglio and a panel of experienced financial professionals—including Frank Lovaglio, RFC®, David Allen, CFP®, Mitchell Walk, AAMS®, Austen Jacks, CFP®, and Mitch Allen, CFP®—we break down the strategies that drive wealth, success, and financial freedom. ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🎧 Listen & Subscribe:
🔹 Apple Podcasts: https://podcasts.apple.com/us/podcast...
🔹 Spotify: https://open.spotify.com/show/2xscesU... 🔹
All Platforms: https://bestadvicepodcastguys.com ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🤝 Get Personalized Financial Guidance:
📌 Learn about the SFM process:
https://www.sfmadvisorgroup.com/
👉 Schedule a consultation with our award-winning team
 https://go.oncehub.com/SecurityFinanc...
🔔 Subscribe for More Expert Insights:
   / @bapodrob   ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
Related Phrases: Financial advice from industry experts, smart investing strategies for beginners, market updates and economic insights, how to grow wealth and manage money, the best financial podcast for investors, breaking down stock market trends, expert tips for financial freedom, understanding taxes, tariffs and trade policies, wealth-building secrets from financial advisors, how to protect your investments in a volatile market.
Related Hashtags #estateplanning #inheritanceplanning #financepodcast #investingtips #wealthbuilding #financialfreedom #moneymatters #tradingstrategies #economicnews #financialplanning #securityfinancialmanagement

If you recently had a liquidity event, inherited assets, or your network jumped overnight, this episode with Rob Lovaglio and CFP Trevor Bell explains how to shift from accumulation to preservation after an $8M windfall.
They cover avoiding concentration risk and lifestyle inflation, setting up revocable and irrevocable trusts, lifetime gifting, reviewing state estate tax exposure, and coordinating investments, legal structure, and tax planning.
Practical guidance on educating beneficiaries and building structure so your wealth becomes a legacy rather than a liability.
 
🔔 Subscribe for More Expert Insights:   / @bapodrob  
🔹 Apple Podcasts: https://podcasts.apple.com/us/podcast...
🔹 Spotify: https://open.spotify.com/show/2xscesU...
🔹 All Platforms: https://bestadvicepodcastguys.com ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🤝 Get Personalized Financial Guidance:
📌 Learn about the SFM process: https://www.sfmadvisorgroup.com/
📌 Schedule a consultation with our award-winning team 👉 https://go.oncehub.com/SecurityFinanc...
 ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ Related Phrases Financial advice from industry experts, smart investing strategies for beginners, market updates and economic insights, how to grow wealth and manage money, the best financial podcast for investors, breaking down stock market trends, expert tips for financial freedom, understanding taxes tariffs and trade policies, wealth-building secrets from financial advisors, how to protect your investments in a volatile market.
Related Hashtags #financepodcast #investingtips #stocktax #marketnews #stockmarket #wealthbuilding #financialfreedom #moneymatters #tradingstrategies #economicnews #financialplanning #securityfinancialmanagement

Investors often react to headlines and account swings instead of sticking to a plan. This episode explains why emotion leads to poor decisions and how structure, automation, and dollar-cost averaging help you stay on course during market downturns.
Learn practical ways financial planners remove emotional decision-making—automating contributions, treating saving like a bill, and capitalizing on market downturns—so you can focus on long-term goals while professionals handle the day-to-day.
📈 Welcome to Best Advice Podcast Guys! We bring you expert financial advice, success stories, and insights from top industry leaders. Hosted by Rob Lovaglio and a panel of experienced financial professionals—including Frank Lovaglio, RFC®, David Allen, CFP®, Mitchell Walk, AAMS®, Austen Jacks, CFP®, and Mitch Allen, CFP®—we break down the strategies that drive wealth, success, and financial freedom. ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ 🎧 Listen & Subscribe:
🔹 Apple Podcasts: https://podcasts.apple.com/us/podcast...
🔹 Spotify: https://open.spotify.com/show/2xscesU...
🔹 All Platforms: https://bestadvicepodcastguys.com ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🤝 Get Personalized Financial Guidance:
📌 Learn about the SFM process: https://www.sfmadvisorgroup.com/
📌 Schedule a consultation with our award-winning team 👉 https://go.oncehub.com/SecurityFinanc...
🔔 Subscribe for More Expert Insights:    / @bapodrob   ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ Related Phrases Financial advice from industry experts, smart investing strategies for beginners, market updates and economic insights, how to grow wealth and manage money, the best financial podcast for investors, breaking down stock market trends, expert tips for financial freedom, understanding taxes tariffs and trade policies, wealth-building secrets from financial advisors, how to protect your investments in a volatile market.
Related Hashtags #financepodcast #investingtips #stocktax #marketnews #stockmarket #wealthbuilding #financialfreedom #moneymatters #tradingstrategies #economicnews #financialplanning #securityfinancialmanagement

The 3.8% Tax You Didn’t Plan For (What High Earners Need to Know) In this episode of BA Podcast Guys, host Robert Lovaglio sits down with certified financial planner Austen Jacks, CFP® to break down the 3.8% Net Investment Income Tax (NIIT) — the additional tax that can apply once your income crosses the $200,000 threshold. Many high earners focus on capital gains rates, dividends, and overall investment returns, but fewer people realize there may be an additional 3.8% tax layered on top of those gains. Austen explains who it applies to, how the $200K threshold works, how modified adjusted gross income factors in, and why certain investors — especially business owners and executives — need to pay attention. They also discuss practical planning considerations, including how selling private company stock, capital gains timing, and investment income structure can impact your total tax liability. If you’re a high-income earner, investor, or someone approaching that $200K mark, this conversation could save you from an unexpected tax surprise. This podcast is for educational purposes only. Always consult your CPA or financial advisor before making financial decisions. Subscribe to BA Podcast Guys for more conversations on wealth building, tax strategy, investing, and financial planning. ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ Timestamps:
00:00 – When Success Changes Your Taxes
00:31 – Podcast Introduction
01:00 – Question of the Day
01:21 – What Is Net Investment Income Tax?
02:13 – Why It’s Hard to Plan For
03:22 – Example: How the 3.8% Applies
04:43 – Why the Extra 4% Hurts
05:08 – Can You Avoid the Tax?
06:54 – Key Takeaways and Summary ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
📈 Welcome to Best Advice Podcast Guys! We bring you expert financial advice, success stories, and insights from top industry leaders. Hosted by Rob Lovaglio and a panel of experienced financial professionals—including Frank Lovaglio, RFC®, David Allen, CFP®, Mitchell Walk, AAMS®, Austen Jacks, CFP®, and Mitch Allen, CFP®—we break down the strategies that drive wealth, success, and financial freedom. ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ 🎧 Listen & Subscribe:
🔹 Apple Podcasts: https://podcasts.apple.com/us/podcast...
🔹 Spotify: https://open.spotify.com/show/2xscesU...
🔹 All Platforms: https://bestadvicepodcastguys.com ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🤝 Get Personalized Financial Guidance:
📌 Learn about the SFM process: https://www.sfmadvisorgroup.com/
📌 Schedule a consultation with our award-winning team 👉 https://go.oncehub.com/SecurityFinanc...
🔔 Subscribe for More Expert Insights:    / @bapodrob   ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ Related Phrases Financial advice from industry experts, smart investing strategies for beginners, market updates and economic insights, how to grow wealth and manage money, the best financial podcast for investors, breaking down stock market trends, expert tips for financial freedom, understanding taxes tariffs and trade policies, wealth-building secrets from financial advisors, how to protect your investments in a volatile market Related Hashtags #financepodcast #investingtips #stocktax #marketnews #stockmarket #wealthbuilding #financialfreedom #moneymatters #tradingstrategies #economicnews #financialplanning #securityfinancialmanagement

Sponsored by Security Financial Management, Mitchell Walk, CFP, presents a practical outlook for 2026 focused on investor behavior.Rather than predicting market moves, this episode explains why discipline, patience, and smart decision-making matter more than economic forecasts or headlines.Hear how media noise and election narratives can mislead investors, why moving to cash often harms returns, and where to turn for guidance from Security Financial Management’s certified planners.

Rob and CFP Trevor Bell answer viewer questions on investing without a 401(k), recommending simple options like Roth or Traditional IRAs, solo 401(k)s for business owners, and low-cost index funds.
They explain compound interest with a snowball analogy and offer practical advice on automating day-to-day savings and building an emergency fund one month at a time.
 Robert Lovaglio sits down with certified financial planner Trevor Bell, CFP®, to answer some of the most common money questions people are asking today. If your job does not offer a 401k, this conversation is especially for you.
Robert and Trevor break down where and how you can start investing, explain the real power of compound interest in simple terms, and share practical advice on managing your day-to-day savings.
From IRAs and index funds to high-yield savings accounts, this episode focuses on keeping things simple, realistic, and actionable. They also discuss why time in the market matters more than timing the market, how small and consistent habits can lead to long-term wealth, and why automating your savings can make a huge difference over time.
Whether you are just starting your financial journey or looking to improve your current strategy, this episode offers clear guidance you can actually use. If you want to learn more or speak with a certified financial planner, be sure to check the links provided in the description. Thanks for listening, and remember, the secret to wealth is not what you earn, it is what you keep.
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
 
Timestamps: 00:00 – Episode topics overview
00:36 – Investing without a 401k
01:19 – What is compound interest
02:51 – Managing day-to-day savings
03:50 – Final thoughts and call to action
04:04 – Outro
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
📈 Welcome to Best Advice Podcast Guys! We bring you expert financial advice, success stories, and insights from top industry leaders. Hosted by Rob Lovaglio and a panel of experienced financial professionals—including Frank Lovaglio, RFC®, David Allen, CFP®, Mitchell Walk, AAMS®, Austen Jacks, CFP®, and Mitch Allen, CFP®—we break down the strategies that drive wealth, success, and financial freedom.
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🎧 Listen & Subscribe:
🔹 Apple Podcasts: https://podcasts.apple.com/us/podcast...
🔹 Spotify: https://open.spotify.com/show/2xscesU...
🔹 All Platforms: https://bestadvicepodcastguys.com ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🤝 Get Personalized Financial Guidance:
📌 Learn about the SFM process: https://www.sfmadvisorgroup.com/
📌 Schedule a consultation with our award-winning team
👉 https://go.oncehub.com/SecurityFinanc...
🔔 Subscribe for More Expert Insights:    / @bapodrob   ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
Related Phrases Financial advice from industry experts, smart investing strategies for beginners, market updates and economic insights, how to grow wealth and manage money, the best financial podcast for investors, breaking down stock market trends, expert tips for financial freedom, understanding taxes tariffs and trade policies, wealth-building secrets from financial advisors, how to protect your investments in a volatile market Related
Hashtags
#personalfinance #investing #401kalternatives #compoundinterest #financialadvice #moneytips #retirementplanning #investingforbeginners #financialplanning #savingmoney #wealthbuilding #irainvesting #indexfunds #bestadvicepodcast #certifiedfinancialplanner

Rob Lovaglio and Mitchell Allen break down the simple math of compounding and show how time—not luck—is the biggest factor in hitting a $3 million retirement target at age 65. Using an 8% long-term return, they give concrete examples of the one-time amounts needed at different ages (e.g., ~$20,000 at birth, ~$44,000 at 10, ~$94,000 at 20, ~$203,000 at 30, ~$438,000 at 40, ~$946,000 at 50, and ~$2.07M at 60) to reach $3M.
The episode emphasizes starting early, staying invested through market ups and downs, saving consistently in the right accounts, and using disciplined, boring actions to build lasting wealth.
 
🎧 Listen & Subscribe: 🔹 Apple Podcasts: https://podcasts.apple.com/us/podcast... 🔹 Spotify: https://open.spotify.com/show/2xscesU... 🔹 All Platforms: https://bestadvicepodcastguys.com ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ 🤝 Get Personalized Financial Guidance:
📌 Learn about the SFM process: https://www.sfmadvisorgroup.com/
📌 Schedule a consultation with our award-winning team
👉 https://go.oncehub.com/SecurityFinanc...
🔔 Subscribe for More Expert Insights:    / @bapodrob  

Rob LoVgllio and Dan LaForest explore how sitting on cash or rolling CDs without a plan can quietly destroy purchasing power through inflation. They break down opportunity risk, CD ladders, treasuries, and the trade-offs between safety and growth.
The hosts stress defining objectives, staying flexible as rates change, and working with experienced advisors to make informed decisions that preserve and grow wealth.
 
🎧 *Listen & Subscribe:*
🔹 Apple Podcasts: https://podcasts.apple.com/us/podcast/best-advice-podcast-guys/id1729063229
🔹 Spotify: https://open.spotify.com/show/2xscesUNvtNlWnhMIUbK2r
🔹 All Platforms: https://bestadvicepodcastguys.com
🤝 *Get Personalized Financial Guidance:*
📌 Learn about the SFM process: https://www.sfmadvisorgroup.com/
📌 Schedule a consultation with our award-winning team 👉 https://go.oncehub.com/SecurityFinancialManagement
 

Budgeting often fails because it relies on willpower and constant tracking—life gets busy and discipline wears out. In this episode Rob Lovaglio and Trevor Bell explore why traditional budgets crumble and why it’s often a system problem, not a personal failing.
The solution they recommend is automation: treat savings and investments like monthly bills by "paying yourself first," use automated transfers and dollar-cost averaging, and keep realistic fun money so your budget is sustainable.
 
🎧 Listen & Subscribe:
🔹 Apple Podcasts: https://podcasts.apple.com/us/podcast...
🔹 Spotify:
https://open.spotify.com/show/2xscesU...
🔹 All Platforms:
https://bestadvicepodcastguys.com

This episode explains why risk tolerance often reveals itself only when markets fall, not when they soar. Hosts Rob Cavaglio and Trevor Bell discuss how emotional bias and hot sectors like tech and AI can make portfolios riskier than investors realize, and why a proper risk-tolerance questionnaire (scored 1–99) matters.
Using a real example, they show how a misaligned portfolio can turn a moderate loss into a catastrophic one, and offer practical steps: take a comprehensive risk assessment, realign allocations (stocks vs. bonds), diversify, and work with a financial planner to manage both investments and emotions.
 
🤝 Get Personalized Financial Guidance:
📌 Learn about the SFM process: https://www.sfmadvisorgroup.com/
📌 Schedule a consultation with our award-winning team 👉 https://go.oncehub.com/SecurityFinanc...
🔔 Subscribe for More Expert Insights:    / @bapodrob