Episode 19: Managing Wealth Wisely - Insights from Tax & Estate Planning Whiz, Chris Woehrle

In this episode of the Holistic Wealth and Health Podcast, host Jason L Smith is joined by esteemed tax planning professional and professor, Christopher P. Woehrle, JD, LL.M (Tax).  

With a background in tax and estate planning and as a professor at Villanova Law School and former chair of the tax and estate planning department at the College of Financial Planning, Chris shares his expertise on holistic wealth management and the critical role of tax planning.

Key Topics Discussed:

• Holistic Wealth Management: Understanding the comprehensive approach to financial planning that integrates all aspects of your financial life.
• Importance of Tax Planning: Exploring the critical role of tax strategies in holistic wealth management.
• Effective Tax Planning: Discussion of specific tax planning techniques, including the 83(b) election, Employee Stock Ownership Plans (ESOPs), and the benefits of gifting appreciated securities to charity.
• Navigating Retirement Planning: Strategies for ensuring a secure and comfortable retirement, including the importance of having a diversified income stream.
• Balancing Short-Term and Long-Term Goals: How to save for immediate needs while planning for future financial stability.
• Risk Management: Understanding and mitigating risks such as mortality, longevity, and disability.
• Behavioral Finance: The importance of behavior modification in investment decisions and financial planning.
• The Role of Financial Advisors: How professional guidance can help you stay on track and make informed financial decisions.

Tune in to learn how to manage your wealth holistically, make informed tax decisions, and plan effectively for your future. Whether you are preparing for retirement or looking to optimize your current financial strategy, this episode offers valuable insights to help you achieve your goals. 

Resources: 

• The Bucket Plan®: Protecting and Growing Your Assets for a Worry-Free Retirement 
• The Tax Management Journey® 
• The Next Millionaire Next Door: Enduring Strategies for Building Wealth 
   
  Statistics: 
• https://hbr.org/2018/08/why-the-u-s-needs-more-worker-owned-companies  
• https://www.cbsnews.com/news/retirement-age-65-most-workers-retire-at-62/  
• https://thehill.com/blogs/blog-briefing-room/4104138-one-quarter-of-adult-children-estranged-from-a-parent/#:~:text=Perhaps%201%20adult%20child%20in,Many%20rifts%20ultimately%20heal.  

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