Summary: In this episode of Wealth on the Move, host Will Hoffman and director of financial planning Niko Rosso discuss the value that financial advisors bring to their clients, referencing a significant study by Vanguard. They explore various aspects of financial planning, including investment selection, asset location, tax efficiency, and the importance of behavioral coaching. The conversation emphasizes the evolving role of independent financial advisors in a changing financial landscape, highlighting the need for financial literacy and proactive planning.

Resources:

• Download the Vanguard Study HERE!

Takeaways:

• Vanguard’s study highlights the value of financial advisors.
• Investment selection can add significant alpha to portfolios.
• Behavioral coaching is crucial for client success.
• Understanding asset location can enhance tax efficiency.
• Tax loss harvesting can provide financial benefits.
• Budgeting is essential for financial discipline.
• Independent financial advisors are shaping the future of wealth management.
• Financial literacy is vital for effective money management.
• Proactive planning can mitigate financial risks.
• The evolving landscape of financial advising requires adaptability.

Connect with Will Hoffman:

• Hoffman Wealth Management
• (724) 522-5411
• will@hoffmanwealth.com
• LinkedIn: Will Hoffman
• Facebook: Hoffman Wealth Management
• YouTube: Hoffman Wealth Management
• Instagram: Hoffmanwealthmanagement

Connect with Niko Rosso:

• Hoffman Wealth Management
• (724) 522-5411
• dominic@hoffmanwealth.com
• LinkedIn: Dominic Rosso

Summary: In this episode of Wealth on the Move, Will Hoffman speaks with Tina Steele, the FAFSA guru, about the intricacies of the FAFSA process and how families can maximize their financial aid opportunities. They discuss the importance of understanding FAFSA, the changes that have occurred recently, and strategies for families to navigate the financial aid landscape effectively. Tina shares insights on common mistakes families make, the significance of documentation, and the future of FAFSA, including new technologies that will aid in the process. This conversation is essential for parents and students preparing for college funding.

Resources:

• TikTok- @thefafsaguru
• Instagram- @thefafsaguru
• Facebook- fafsaguru
• YouTube- TheFAFSAGuru
• LinkedIn- Tina Steele
• The FAFSA Guru Website!

Takeaways:

• FAFSA is crucial for all students attending college.
• Filling out FAFSA is necessary every year for financial aid.
• Many families mistakenly believe they won’t qualify for aid.
• Child support is now treated as an asset in FAFSA calculations.
• Families can report special circumstances to financial aid offices.
• It’s important to appeal financial aid offers for potential increases.
• NIL income can affect financial aid eligibility for student-athletes.
• Common mistakes include misreporting assets and missing deadlines.
• Documentation is key for the FAFSA process and potential verification.
• The FAFSA process is evolving with new technologies for assistance.

Connect with Will Hoffman:

• Hoffman Wealth Management
• (724) 522-5411
• will@hoffmanwealth.com
• LinkedIn: Will Hoffman
• Facebook: Hoffman Wealth Management
• YouTube: Hoffman Wealth Management
• Instagram: Hoffmanwealthmanagement

Summary: In this episode of Wealth on the Move, host Will Hoffman discusses the challenges of funding college education with expert Dave Peterson. They explore the vast opportunities available through scholarships, the misconceptions surrounding them, and the importance of starting the scholarship search early. Peterson shares insights on different types of scholarships, the scholarship application process, and how to build a compelling personal narrative. The conversation emphasizes the need for parents and students to be proactive in seeking financial aid to alleviate the burden of student loans and ensure a successful educational journey.

Resources:

• Dave’s Website
• Dave’s Suggested Scholarship Search Site

Takeaways:

• There is a significant amount of scholarship money available, much of which goes unclaimed.
• Scholarships are not just for seniors; opportunities exist for younger students as well.
• A strong personal narrative is crucial for winning scholarships.
• Students should start applying for scholarships as early as possible.
• Many scholarships do not require high GPAs or test scores.
• Building a personal narrative involves academics, extracurriculars, volunteering, and work experience.
• Avoid applying for illegitimate scholarships that ask for sensitive information.
• The scholarship application process requires attention to detail and following instructions.
• Students can earn scholarships even after high school graduation.
• Utilizing resources like Scholarship GPS can help streamline the scholarship search process.

Connect with Will Hoffman:

• Hoffman Wealth Management
• (724) 522-5411
• will@hoffmanwealth.com
• LinkedIn: Will Hoffman
• Facebook: Hoffman Wealth Management
• YouTube: Hoffman Wealth Management
• Instagram: Hoffmanwealthmanagement