Welcome to EWM INSIGHTS, where we celebrate HUMAN CAPITAL!

In this podcast edition, we continue our advanced planning series and explore the implications of the recently enacted "One Big Beautiful Bill," focusing on tax planning and investment strategies. We examine key components of this legislation, including the permanence of extended lower income tax rates and new deductions, such as the enhanced standard deduction for individuals and married couples. Additionally, we discuss the strategic advantages of Roth IRA conversions and how these changes can optimize tax situations. We also address significant alterations to estate tax exemptions and deductions that impact wealth transfer and estate planning for families, particularly business owners.

Takeaways:

• The "One Big Beautiful Act" introduced tax provisions requiring careful consideration by individuals and families.
• A key feature is the permanent extension of lower federal income tax rates, presenting unique planning opportunities for taxpayers.
• Understanding the complexities of recent tax changes, including potential deductions and benefits of converting traditional IRAs to Roth IRAs, is essential; consult with tax and financial professionals.
• Individuals over 65 now qualify for an additional senior deduction, enhancing tax planning strategies.
• The standard deduction for married couples filing jointly has substantially increased, providing further tax relief to many households.
• Business owners should be aware of new provisions affecting pass-through entities that offer additional tax benefits.

This episode explores the "One Big Beautiful Bill," focusing on its implications for individual taxpayers and families. Host Paul Ellis and special guest Jim Bergeron dissect the complexities of this legislative package, which includes numerous tax provisions aimed at transforming the financial laandscape for American citizens. A primary theme is the permanence of lower federal income tax rates, previously scheduled to revert, granting individuals a unique opportunity to capitalize on these extended tax benefits.

The speakers emphasize the importance of adapting financial planning strategies in response to these changes, advocating for tax optimization strategies, such as converting traditional IRA assets into Roth IRAs. The discussion explores the rationale behind such conversions in the context of favorable tax rates and underscores the necessity of consulting financial advisors to tailor strategies to individual circumstances.

Moreover, the episode addresses the broader implications of the new tax law, including enhancements to standard and itemized deductions. The speakers encourage proactive financial planning, leveraging these changes to enhance financial well-being. Overall, this episode serves as a guide, equipping listeners with insights to navigate the new tax landscape and empowering them to make informed financial decisions that can assist in creating "One Big Beautiful... Legacy."

Additional notes and resources are attached below.

Feel free to share this episode with those in your circle who are on a similar path of learning.

We hope our conversations will help you acquire more knowledge, become even more curious about the gifts that are in and all around us, while supporting you to reach new heights as we grow together.

You can subscribe and listen to EWM INSIGHTS on Spotify, Apple Podcasts, Amazon Music, or the Ellis Wealth Management Homepage: https://elliswealthmanagement.net/podcasts/

Above all, through EWM INSIGHTS we want to encourage you to:

INVEST IN WHAT YOU LOVE!®

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Additional notes and resources are attached below.

Speakers:

Paul Bertrand Ellis, CIMA®

President and Managing Director

Ellis Wealth Management, LLC

phone:...

Welcome to EWM INSIGHTS where we celebrate on HUMAN CAPITAL!

Stay Tuned - More Insights are on the way!!

Feel free to share episodes with those in your circle who are on a similar path of learning.

We hope our conversations will help you acquire more knowledge, become even more curious about the gifts that are in and all around us, while supporting you to reach new heights as we grow together.

You can subscribe and listen to EWM INSIGHTS on Spotify, Apple Podcasts, Amazon Music, or the Ellis Wealth Management Homepage: https://elliswealthmanagement.net/podcasts/

Above all, through EWM INSIGHTS we want to encourage you to:

INVEST IN WHAT YOU LOVE!®

Welcome to EWM INSIGHTS where we celebrate on HUMAN CAPITAL!

EWM INSIGHTS Advanced Planning Series with James Bergeron, J.D.

In this latest episode of Insights, host Paul Ellis sits down with Jim Bergeron from Nuveen to discuss the complexities of elder and parental care, a pressing issue for many families today.

This "Managing Up" conversation highlights the critical role of proactive, empowering planning that encompasses not only logistical and financial considerations but also the emotional and interpersonal dynamics influencing elder care.

With summer gatherings approaching, it’s the perfect opportunity to discuss the needs and wishes of aging parents and relatives.

The episode emphasizes the importance of open communication. Paul and Jim highlight that while discussing elder care wishes can be challenging, it is crucial for ensuring family members receive the care they desire. They suggest fostering a relaxed atmosphere for these conversations, even recommending games like The Ungame to help navigate sensitive topics, thereby transforming a potentially daunting subject into an opportunity for connection and understanding.

The hosts also stress the importance of legal and financial planning, including updating wills and establishing powers of attorney, to honor the wishes of aging family members and prepare for unexpected situations.

As they explore various housing options, they emphasize the need to understand individual preferences and research alternatives, such as in-home care. Ultimately, the episode encourages families to view these conversations as opportunities to strengthen their relationships and create a legacy of love and dignity.

Takeaways:

• The sandwich generation faces unique challenges as they care for both their children and aging parents, necessitating thoughtful planning and communication.
• Open and honest communication with family members regarding their wishes and needs is crucial to effective elder care.
• Proactive planning involves understanding and documenting the healthcare preferences and safety concerns of elderly family members.
• Utilizing everyday family gatherings as opportunities to discuss sensitive topics can foster a supportive environment for necessary conversations.
• Incorporating technology and safety measures into the living environment can significantly enhance the well-being of elderly family members.
• Creating a comprehensive plan that includes legal documents, financial considerations, and personal wishes is essential for effective management of aging relatives.

Additional Notes and resources have been attached below.

Feel welcome to share this episode with those in your circle who are on a similar path of learning.

We hope our conversations will help you acquire more knowledge, become even more curious about the gifts that are in and all around us, while supporting you to reach new heights as we grow together.

You can subscribe and listen to EWM INSIGHTS on Spotify, Apple Podcasts, Amazon Music, or the Ellis Wealth Management Homepage: https://elliswealthmanagement.net/podcasts/

Above all, through EWM INSIGHTS we want to encourage you to:

INVEST IN WHAT YOU LOVE!®

Resources:

The Ungame: https://www.creativetherapystore.com/products/ungame-board-game

Additional Resources: 

• The Entertainers Checklist, Estate Guidelines and Considerations - EWM - The Entertainers Checklist, Estate Guidelines and Considerations A Value Based Resource Journal...

Welcome to EWM INSIGHTS where we celebrate on HUMAN CAPITAL!

In this special classic replay edition podcast, we explore one of life’s greatest investments: fatherhood.

Paul emphasizes that while financial investments often dominate discussions, the impact of being an active father is profound and lasting.

As we celebrate Father’s Day, Paul shares heartfelt reflections on the importance of nurturing relationships with children. He argues that the true measure of wealth lies in the time spent with family, as involved fathers significantly enhance their children's emotional and psychological well-being.

Staggering statistics reveal that children with engaged fathers are more likely to excel academically, avoid trouble, and pursue higher education.

This involvement can dramatically influence a child's success, highlighting the critical role of emotional support and guidance.

Paul also discusses fatherhood as a generational investment, likening it to managing financial assets. Just as investors nurture their portfolios, fathers must actively engage with their children to create a legacy that extends beyond material wealth.

Takeaways:

• Fatherhood represents a profound investment that significantly impacts children's emotional and psychological well-being.
• Active fathers enhance their children's academic performance and reduce behavioral issues, fostering long-term success.
• Just as financial portfolios require nurturing, so too do the relationships we build with our children.
• The essence of true wealth lies in the time and presence we dedicate to our families.
• Children of engaged fathers are statistically more likely to pursue higher education and achieve stable employment.
• The legacy of fatherhood transcends material wealth; it is an investment in character and resilience.

This Father’s Day, let’s celebrate the fathers committed to this noble and lasting investment.

Additional Notes and resources have been attached below.

Feel free to share this episode with those in your circle who are on a similar path of learning.

We hope our conversations will help you acquire more knowledge, become even more curious about the gifts that are in and all around us, while supporting you to reach new heights as we grow together.

You can subscribe and listen to EWM INSIGHTS on Spotify, Apple Podcasts, Amazon Music, or the Ellis Wealth Management Homepage: https://elliswealthmanagement.net/podcasts/

Above all, through EWM INSIGHTS we want to encourage you to:

INVEST IN WHAT YOU LOVE!®

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Original post: The Lynnwood Times - https://lynnwoodtimes.com/2021/06/20/the-investment-of-fatherhood/

References:

Ellis Wealth Management

https://www.elliswealthmanagement.com

Michael Irvin

https://www.michaelirvin88.com

Wall Street Journal

https://www.wsj.com

National Center for Educational Statistics

https://nces.ed.gov

Lynwood Times

https://www.lynnwoodtimes.com

Welcome to EWM INSIGHTS where we celebrate on HUMAN CAPITAL!

In this special edition podcast in honor of Memorial Day, we learn of the life, and impact of Hal Moore.

A graduate of the West Point Military Academy, Lt. General “Hal” G. Moore Jr, had significant impact on those he served, those who served with him - and beyond.

His book, “We Were Soldiers Once…and Young”, a New York Times Best Seller became a Hollywood movie entitled “We Were Soldiers”, starring Mel Gibson and Sam Elliott, for which it was nominated for 5 awards.

Hal Moore’s awards include:

• The Distinguished Service Cross
• Army Distinguished Service Medal
• Legion of Merit
• Bronze Star Medal with “V” Device
• Purple Heart
• Air Medal , and
• The West Point Graduate Organization’s 2003 Distinguished Graduate Award

Leader, Instructor, Mentor, Author; Hal Moore exemplified a life of purpose and passion.

Additional Notes and resources have been attached below.

Feel free to share this episode with those in your circle who are on a similar path of learning.

We hope our conversations will help you acquire more knowledge, become even more curious about the gifts that are in and all around us, while supporting you to reach new heights as we grow together.

You can subscribe and listen to EWM INSIGHTS on Spotify, Apple Podcasts, Amazon Music, or the Ellis Wealth Management Homepage: https://elliswealthmanagement.net/podcasts/

Above all, through EWM INSIGHTS we want to encourage you to:

INVEST IN WHAT YOU LOVE!®

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The Mansions of The Lord

United States Military Academy Glee Club

To fallen soldiers let us sing

Where no rockets fly nor bullets wing

Our broken brothers let us bring

To the mansions of The Lord

No more bleeding, no more fight

No prayers pleading through the night

Just divine embrace, eternal light

In the mansions of The Lord

Where no mothers cry

And no children weep

We shall stand and guard through the angels sleep

While through the ages safely keep

The mansions of The Lord

Songwriters: Nick Glennie Smith / Randall Wallace

The Mansions of the Lord lyrics © Songs Of Wheelhouse

Book: "We Were Soldiers Once ... and Young" available at Amazon and Other fine bookstores

Movie: "We Were Soldiers" - IMDB Information: https://www.imdb.com/title/tt0277434/?ref_=nv_sr_srsg_0

Memorial Day Letter to America’s Youth

By Lt. Gen. Hal Moore on May 26, 2011

https://americanprofile.com/articles/memorial-day-letter-to-americas-youth/

Greatest stated accomplishment: Someone once asked him, "General, what do you consider your most important accomplishment?" Now, of course, you are asking this question of someone nearly 95 years old, with somewhat of a resume.

"What is your most important accomplishment?" He replied, "It hasn’t happened yet. My most important accomplishment will be when I cross that line at St. Peter’s gate and meet my God and my [wife] Julie."

-Army Times, https://www.armytimes.com/news/your-army/2017/02/19/remembering-lt-gen-hal-moore-read-the-moving-eulogy-delivered-by-his-eldest-son/

Companies mentioned in this episode:

• Ellis Wealth Management: https://elliswealthmanagement.net/
• Harvard University: https://www.harvard.edu/
• West Point Military Academy:...

Welcome to EWM INSIGHTS, where we celebrate HUMAN CAPITAL!

In this episode, we share a personal message for Mother's Day!

We hope it encourages mothers everywhere, and those attempting to fill the role, with the understanding that no one can take your place, and your love is a powerful force—both now and for generations to come.

Feel free to share this episode with those in your circle who are on a similar path of learning.

It is our desire that our conversations will help you acquire more knowledge, become even more curious about the gifts that are in and all around us, and support you in reaching new heights as we grow together.

You can subscribe and listen to EWM INSIGHTS on Spotify, Apple Podcasts, Amazon Music, orthe Ellis Wealth Management Homepage: https://elliswealthmanagement.net/podcasts/

Above all, through EWM INSIGHTS, we want to encourage you to:

INVEST IN WHAT YOU LOVE!®

Welcome to EWM INSIGHTS where we celebrate on HUMAN CAPITAL!

In this edition of INSIGHTS we sit down for for a conversation with Torey Pellegrini, CFA, from The London Company, breaking down the basics of market dynamics and investment management.

We talk about the key ideas behind making smart investment decisions and why it’s important to keep a long-term view, especially as the market keeps changing.

Torey explains the different asset classes and how they fit into a portfolio, stressing that having a solid strategy is crucial for managing risk while aiming for growth.

We also touch on the balance between technology and the importance of the human touch in investment management, pointing out that good leadership is key to navigating the tricky financial landscape.

Our goal is to give our listeners the know-how to make smart investment choices in this fast-paced and quickly changing environment.

Join us as we discuss the significance of leadership in finance, the impact of technology on decision-making, and the importance of long-term thinking in investment strategies. Discover how to navigate the complexities of asset classes - and the human touch that remains essential in a rapidly evolving market landscape.

Takeaways:

• The dynamism of markets necessitates an understanding of foundational investment principles to navigate them effectively.
• Leadership remains a critical factor in investment strategy, emphasizing the significance of human insight over automation.
• Investment success relies on long-term thinking, allowing for patience and discipline in portfolio management strategies.
• Asset allocation requires a careful balance between different asset classes to achieve a desired risk-return profile over time.
• Investors must recognize the unique characteristics and roles of various asset classes to optimize portfolio performance.
• Understanding the interplay between emotional biases and investment decisions can significantly enhance long-term outcomes.

Feel free to share this episode with those in your circle who are on a similar path of learning.

We hope our conversations will help you acquire more knowledge, become even more curious about the gifts that are in and all around us, while supporting you to reach new heights as we grow together.

You can subscribe and listen to EWM INSIGHTS on Spotify, Apple Podcasts, Amazon Music, or the Ellis Wealth Management Homepage: https://elliswealthmanagement.net/podcasts/

Above all, through EWM INSIGHTS we want to encourage you to:

INVEST IN WHAT YOU LOVE!®

References mentioned in this episode:

• The London Company

https://www.tlcadvisory.com/

• George S. Patton

https://en.wikipedia.org/wiki/George_S._Patton

Welcome to EWM INSIGHTS, where we celebrate HUMAN CAPITAL!

In a comprehensive discussion on tax planning in the context of 2025, Paul Ellis, Jim Bergeron, and Graham Foltz engage in a thoughtful exploration of the impending changes to estate and gift taxes, underscoring the necessity for families of substantial wealth to reassess their financial strategies.

The conversation frames the upcoming reduction of the estate tax exemption—a transition from nearly $14 million to around $7 million—as a pivotal moment that requires immediate action from those with assets valued between $10 million and $25 million. The speakers articulate the multifaceted nature of wealth, advocating for a holistic approach to estate planning that encompasses both financial assets and the family’s core values.

As they navigate the intricacies of the legislative environment, the speakers highlight the critical intersection of federal and state tax regulations, illustrating how families can be affected by both layers of taxation. They encourage listeners to engage in proactive estate planning discussions, utilizing current exemptions to mitigate future tax liabilities while fostering family harmony. The dialogue emphasizes the importance of a thorough evaluation of one’s wealth and the potential consequences that arise from neglecting estate planning documents that may be outdated or misaligned with current financial realities.

The podcast ultimately serves as a call to action for families to respond decisively to changing tax landscapes, urging them to consult with estate planning professionals and take advantage of existing exemptions while they remain available. The speakers conclude with an empowering message: families must invest in their legacies today to ensure that their wealth and values endure for future generations.

Additional Notes and resources have been attached below.

Takeaways:

• The current estate tax exemption is approximately $13.99 million, but it is scheduled to decrease significantly in 2026.
• Tax planning should consider both federal and state-level transfer taxes, as they can significantly impact wealth transfer strategies.
• Families with wealth between $10 and $25 million should actively review their lifetime gift exemptions to mitigate future estate tax liability.
• It is crucial for families to review and update estate planning documents every five years or after significant life events.
• Utilizing trust structures for asset transfer can provide both control and protection against creditors for beneficiaries.
• The legislative landscape surrounding tax laws is fluid, and strategic planning must account for potential changes in the tax code.
• 
  

• The Entertainers Checklist, Estate Guidelines and Considerations - EWM - The Entertainers Checklist, Estate Guidelines and Considerations A Value Based Resource Journal compliments of Ellis Wealth Management, LLC.
• 10 Family Wealth Compass Questions - Journal.pdf - 10 Family Wealth Compass Questions - Journal
• Nuveen Family Wealth Education Curriculum.pdf

Companies mentioned in this episode:

• Ellis Wealth Management
• Nuveen

Feel welcome to share this episode with those in your circle who are on a similar path of learning.

We hope our conversations will help you acquire more knowledge, become even more curious about the gifts that are in and all around us,