Shows
Trust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 282: Par for the Course: Happy Gilmore's Holey FinancesOn this feel-good edition of the Trust the Plan podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® dive into the lighthearted financial plot flaws in the classic comedy Happy Gilmore, just in time to celebrate the release of Happy Gilmore 2, 30 years after the original hit theaters.
From Happy’s plan to win prize money to save his grandmother’s house, to the questionable handling of her overdue tax payments and looming eviction, Nick and Jim have a blast breaking it all down. It’s a fun way to kick off the nostalgia and excitement for the long-awaited sequel...2025-07-2507 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 281: Big Business Then vs. Now: Lessons from 1990 to 2025Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth, hosting the Trust the Plan Podcast draw a thoughtful comparison between the major blue‑chip companies of the early 1990s and today’s corporate giants. They reflect on how, back then, names like GE, Exxon, IBM and Coca‑Cola dominated with longstanding industrial and consumer staples.
In contrast, their 2025 lineup features tech‑driven titans and digital platforms whose influence extends far beyond traditional market sectors.
Through this discussion, they underscore how the shift from physical goods to data‑powered services has radically transformed which companies shape and lead the g...2025-07-2108 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 280: What the ‘Big Beautiful Bill’ Could Mean for 529 PlansIn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discusses potential changes to 529 plans if the proposed “Big Beautiful Bill” passes. They outline how the bill aims to expand the flexibility and allowable uses of 529 funds, making these education savings accounts more adaptable to a broader range of educational and financial goals. The conversation focuses on how the updates could affect how families plan for education expenses, including potential new options for using leftover funds.
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Peak Wealth Management is a financial planning and wealth manageme...2025-07-1409 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 279: The Halftime Breakdown: Key Lessons from 2025 So FarNick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management announce that the firm now oversees $400 million in assets under management, marking a significant milestone in their continued growth.
In their July halftime report episode, they reflect on overall market performance through the first half of 2025 and share insights on what investors might expect in the months ahead. They discuss broader economic themes and emphasize the importance of staying diversified, remaining adaptable, and keeping a long-term perspective as the financial landscape continues to shift.
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Peak Wealth Management is a financial planning and weal...2025-07-0707 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 278: Intern Edition – Jacob Strom's Journey to PeakCheck out a special episode of the Trust the Plan Podcast with Nick Hopwood, CFP® featuring our standout Peak summer intern, Jacob Strom. In this episode, we dive into Jacob's unique journey—what brought him to Peak, his passion for finance, and the path that led him here. It's an inspiring conversation that highlights the next generation of talent in the industry. Don’t miss it—tune in to learn more about Jacob’s story and his time with the Peak team.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We beli...2025-06-2307 min
AI Works Podcast: How Leaders Use AI NowCulture First, AI Second: Leading Thoughtful Tech Transformation with Julia Heap, Principal & CEO of Hopwood Hall College🎧 Episode Title: Culture First, AI Second: Leading Thoughtful Tech Transformation with Julia Heap, Principal & CEO of Hopwood Hall College 🎙️ Podcast: AI Works Podcast Hosted by Richard Foster-Fletcher and Kurt Hintz 🔍 Episode Overview How can leaders effectively navigate the rapid adoption of AI and technology while maintaining a supportive and authentic organisational culture? Julia Heap, Principal and CEO of Hopwood Hall College, joins Richard and Kurt to discuss her thoughtful, culture-first approach to embedding digital innovation within the college. Julia discusses:Hopwood Hall’s journey into AI and digital transformation, and the importance of starting from...2025-06-2339 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 276: Maximize Every Point: Travel Hacking with Evan ChoppNick Hopwood, CFP® of Peak Wealth and host of the Trust the Plan Podcast, is joined once again by Evan Chopp—points enthusiast and all-around knowledgeable guy—for a deep dive into the Chase Sapphire 100k offer and why it’s one of the best in the game. In this episode, they break down how to follow Evan’s proven strategy to maximize credit card points, redeem them for top-tier travel experiences, and get the most value out of every point. Whether you're a seasoned traveler or just getting started, this conversation will help you make the most of your rewa...2025-06-0929 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 275: From Paychecks to Payouts: Retirement Spending TrendsNick Hopwood and Jim Pilat of Peak Wealth, on their Trust the Plan podcast, recently discussed a Chase Bank data report examining spending patterns in partially and fully retired households with $250,000 to $750,000 in investable wealth. They observed that spending often increases shortly after retirement, driven by lifestyle changes and long-postponed purchases. Over time, however, that spending naturally begins to taper as routines settle and priorities shift. Their discussion emphasized the need for thoughtful retirement planning that accounts for these evolving spending habits.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI...2025-06-0210 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 274: Retirement Planning Smart: Roth Conversions with Peak WealthIn a recent episode of the Trust the Plan Podcast, Nick Hopwood, CFP®, and Jim Pilat, CFP®, of Peak Wealth Management, delve into the strategic decision of Roth conversions in retirement planning. They present a case study comparing the financial outcomes of converting traditional IRA funds to Roth IRAs versus maintaining the traditional structure. Through detailed charts, they illustrate how Roth conversions can potentially reduce future tax liabilities and provide tax-free income in retirement.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we in...2025-05-2807 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 273: Start Saving Early: How to Fully Fund College with a 529 PlanOn the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management dive into the importance of starting early when investing for college. They emphasize that the earlier you begin, the more you can take advantage of compound growth, making it much easier to fully fund a college education. Using tools like 529 plans, families can invest in a tax-advantaged way toward future tuition costs. Nick and Jim break down how much you need to save monthly— depending on the target school and timeline—to stay on track. Their key message: trust the process, start early...2025-05-1908 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 272: Market Volatility? Don’t Panic—Trust the PlanOn this episode of the Trust the Plan Podcast, CFPs Nick Hopwood and Jim Pilat of Peak Wealth talk about why rising advisor attrition rates across the industry don’t reflect what they see in their firm. By focusing on strong client relationships, a team-based approach, and consistent communication, they’ve built a model that keeps clients engaged and supported for the long haul. It’s all about trust, continuity, and delivering real value beyond just investment advice.
From there, they turn their attention to another critical topic: managing risk in today’s unpredictable markets. With volatility making h...2025-05-1315 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 269: Why Client Education Is the Key to Financial ConfidenceOn the Trust the Plan Podcast, Nick Hopwood, CFP® and Preston Gee, CFP® emphasize the power of education and guidance in helping clients take control of their financial future.
For them, it’s not just about managing money—it’s about empowering individuals to truly understand their financial plan, be involved in the process, and feel confident in the decisions they’re making.
By breaking down complex topics and focusing on clear, personalized advice, Nick and Preston aim to inspire clients to make smart choices today that build a secure, fulfilling retirement tomorrow.
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Peak W...2025-04-1411 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 268: US Market Correction: History, Trends, and What Investors Should ExpectOn the Trust the Plan Podcast, Nick Hopwood, CFP® and Preston Gee, CFP® dive deep into the concept of market corrections and what investors can expect moving forward in the current state of the U.S. market.
They discuss how a correction—defined as a 10% drop from recent highs—can offer both risks and opportunities. By analyzing historic market charts, they explain the patterns of past corrections, and emphasize that while corrections are a natural part of market cycles, they often pave the way for future growth.
The duo discusses how investors can navigate these times...2025-04-0712 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 268: Maximizing Your Path to Early Retirement with Smart Tax StrategiesNick Hopwood, CFP® and Preston Gee, CFP®, hosts of the Trust the Plan Podcast, discuss a tax planning case study focused on achieving early retirement outside of traditional retirement accounts like 401(k)s and IRAs.
They emphasized that a key strategy for early retirement is having access to funds without needing to tap into retirement accounts, which often come with penalties for early withdrawal.
By effectively managing taxes and diversifying income streams, individuals can set themselves up for financial independence much earlier than traditional retirement planning might allow.
This approach focuses on smart tax...2025-03-3114 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 267: 401(k) Debate: TikTok’s Take vs. Peak Wealth’s Expert AdviceIn this episode of Trust the Plan, Peak Wealth’s Nick Hopwood, CFP® and Jim Pilat, CFP® dive into the growing TikTok debate surrounding 401(k) plans. TikTok critics argue that 401(k)s aren’t a reliable retirement strategy, citing concerns over fees, market volatility, and limited flexibility.
Nick and Jim take on these claims head-on, sharing their expert insights on why 401(k)s remain a valuable tool for long-term retirement planning. They highlight the benefits of tax advantages, employer matches, and disciplined saving, explaining why 401(k)s can still play a crucial role in building a secure financ...2025-03-1713 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 266: Tariffs & Inflation: How They’re Shaping the Market TodayOn the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management delve into the current economic landscape, discussing crucial topics like tariffs and inflation. Their conversation provides insightful perspectives on how these factors are influencing the market today. They explore how tariffs, especially with global trade tensions, are impacting prices and supply chains, while also analyzing the broader implications of inflation on investments and consumer behavior. This discussion is timely, offering listeners a chance to connect economic theory to real-world market trends.
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Peak Wealth Management is a financial planning and...2025-03-1012 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 265: Inside the U.S. Economy: How the Rich Keep Spending and Fueling GrowthIn a discussion sparked by a Wall Street Journal article titled "The U.S. Economy Depends More Than Ever on Rich People", Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the crucial role of consumer spending in driving economic growth. They emphasize how, despite challenges in other sectors, the wealthiest individuals are responsible for a significant portion of spending in the U.S. economy.
This group’s purchasing power, from luxury goods to high-end services, has become a critical engine for sustaining economic momentum, as their expenditures contribute disproportionately to overall demand, helping to prop up the...2025-03-0315 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 264: Maximize Your Investment: Strategies for Using the 1031 ExchangeNick Hopwood, CFP® and Jim Pilat, CFP®, hosts of the Trust the Plan Podcast, discussed the intersection of Big Ten basketball, focusing on Michigan and Michigan State, while also diving into an important financial topic—1031 exchanges. Nick, with his extensive experience in real estate, shared firsthand insights into how clients often come to him seeking advice after selling property and wanting to avoid paying taxes on the gain.
They explored the possibilities within the 1031 exchange framework, explaining how this rule allows investors to defer taxes by reinvesting in similar property. Their conversation provided valuable guidance for those navig...2025-02-2815 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 261: Preston Gee’s 2025 Financial Playbook: A Look AheadIn this episode of the Trust the Plan Podcast, Preston Gee, CFP® sits down with Nick Hopwood, CFP® to discuss his financial plan for 2025, reflecting on the lessons he's learned from the challenges and successes of 2024.
Preston opens up about how his approach to investing, budgeting, and wealth-building has evolved over the past year, highlighting key adjustments he's making to better navigate the shifting economic landscape.
With a focus on adapting to both market uncertainties and personal growth, Preston shares actionable insights on how he plans to stay ahead in 2025, while avoiding the pitfalls that he...2025-01-2117 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 260: Planning for 2025: Hopwood & Pilat’s Family Financial BlueprintsIn this feel-good edition of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® come together for their highly anticipated annual episode, offering an in-depth look at their personal financial family plans for 2025.
Nick dives into the strategies and goals he’s crafted to secure his family’s financial future in the coming year, while Jim shares his own unique approach to financial planning, offering valuable insights for listeners.
With a focus on long-term stability, family values, and actionable steps, this joint episode serves as both inspiration and a roadmap for famili...2025-01-1632 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 259: Building Your IRA Beneficiary Family Tree: What You Need to KnowOn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® explore the intricacies of IRA beneficiary designations, with a special focus on the IRA Beneficiary Family Tree.
They discuss key scenarios, including how distributions work when leaving an IRA to an organization, your spouse, or your children. Nick and Jim explain the tax implications and strategic considerations for each option, such as how IRAs transfer to a surviving spouse with potential benefits, the options available to children and other heirs, and how charitable organizations are treated differently.
This episode pr...2024-12-2307 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 258: The Next Big Market Move: Will We See a Third Year of Gains?In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® dive into the remarkable market performance we've seen over the last two years, with the market up 20% in both 2023 and 2024.
This rare occurrence has only happened 8 times in history, sparking questions about what the future holds. Will the trend continue into 2025, or is the market due for a shift?
Tune in as Nick and Jim break down the potential scenarios and what investors should be thinking about as we approach year three of this unprecedented run.
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Pe...2024-12-1611 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 257: How 2025's New 401(k) Rules Will Impact Your RetirementOn the latest episode of Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® share some exciting news: Peak Wealth has been named the winner of the Canton People's Choice Awards for Favorite Financial Services in the Community. They thank their loyal clients for voting and supporting their mission.
The episode also dives into the newly announced 401(k) rules for 2025, offering valuable insights on the changes and what they mean for retirement planning.
It’s a blend of celebration and informative financial guidance, reflecting Peak Wealth’s commitment to its clients and the communi...2024-12-0914 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 256: 4 Straight! Michigan’s Historic Dominance Over Ohio StateIn this feel-good edition of the Trust the Plan Podcast, Nick Hopwood, CFP®, and Jim Pilat, CFP® wrap up the 2024 Michigan football season with a thrilling victory over Ohio State, extending the Wolverines' winning streak to an impressive four years. As Michigan closes out the season, Nick and Jim celebrate the teamwork, strategy, and perseverance that have propelled the team to this remarkable achievement.
Join them as they reflect on the season’s highs and lows, the enduring rivalry with OSU, and the shared lessons in success—both on the field and in financial planning. Go Blue!
...2024-12-0322 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 255: The Freedom of Financial Clarity: Why Tracking Your Net Worth MattersOn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® dive into the critical yet often overlooked aspects of personal finance: tracking expenses and calculating your net worth.
They discuss how regularly monitoring where your money goes can lead to smarter spending decisions, and why understanding your net worth is a powerful tool in building long-term wealth.
Whether you're just starting to get a handle on your finances or you're refining your approach, Nick and Jim offer practical tips and insights to help you stay on track, avoid common fi...2024-11-1822 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 254: Dinner Table Webinar: Creating a Lasting Family Financial FoundationJoin us for our special Dinner Table Webinar hosted by Nick Hopwood, CFP®, Jim Pilat, CFP® and Preston Gee, CFP® of Peak Wealth Management.
Following the success of our recent in-person seminar, which sparked lively conversations and insightful financial discussions, many clients who couldn’t attend requested this virtual session.
The webinar focuses on helping families build a strong financial foundation for future generations, with strategies for supporting children and grandchildren while preserving a lasting legacy.
Don't miss this opportunity to learn from the experts and deepen your understanding of multigenerational wealth planning.
2024-11-1150 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 253: Inspiring the Next Generation: Olivia Olson’s Path to Michigan BasketballOn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® sit down with Olivia Olson, a freshman basketball player for the University of Michigan, at Peak Global HQ.
Olivia shares her journey through the recruiting process, her experience as a student-athlete at Michigan, and the unique challenges and rewards of being part of such a prestigious program.
She also reflects on the significance of wearing the iconic Block M, particularly for young girls who look up to her as a role model.
With insights on both her at...2024-11-0828 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 252: From Olympic Court to College Spotlight: Syla Swords on Her JourneyOn this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® are joined by Syla Swords, a rising star in women's basketball.
Syla shares her journey to the University of Michigan, explaining why she chose the Wolverines as a freshman and what it’s like to compete at such a high level. The youngest Olympic basketball player ever from Canada, she also reflects on her unforgettable experience competing in Paris during the 2024 Olympics.
As one of the top recruits in the country, Syla has had an incredible start to her...2024-11-0721 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 251: Navigating Financial Pressure: A Guide for ParentsWelcome to the Trust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP® where we tackle the real struggles of financial planning and personal growth.
Inspired by a poignant Reddit post, we dive into the challenges faced by a man in his 30s, grappling with high living costs, credit card debt, and the pressure of providing for his young family.
Join us as we explore practical strategies and offer actionable advice to help you regain control of your finances and build a brighter future.
Whether you're feeling overwhelmed or just looking fo...2024-11-0417 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 250: Separate Accounts vs. Joint Goals: What Works Best?In the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the changing landscape of financial arrangements among married couples, questioning whether pooling salaries is becoming less common.
They discuss the trend of maintaining separate bank accounts and splitting expenses based on income, highlighting how this can create divisions rather than unity.
Advocating for a unified approach, they assert that merging finances fosters collaboration and alignment of goals, transforming “his and hers” into “ours.”
By working as a team, couples can enhance their financial success and strengthen their partnershi...2024-10-2822 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 249: Health Accounts and Heirs: What You Need to KnowIn this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® dive into the often-overlooked topic of what happens to Health Savings Account (HSA) funds when the account holder passes away.
They’ll discuss the importance of beneficiary designations, the tax implications for heirs, and strategies to ensure your health savings continue to serve your loved ones.
Join Nick and Jim as they clarify the complexities surrounding HSAs and offer actionable advice to help you secure your financial legacy.
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Peak Wealth Management is a financial planni...2024-10-2310 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 248: Behind the Mic: Steve Gruber's Path to SuccessIn this episode of Trust the Plan Podcast, host Nick Hopwood, CFP® sits down with renowned radio personality Steve Gruber to delve into his fascinating career journey. They discuss his experiences interviewing high-profile figures like RFK Jr., the challenges he faced while navigating the radio industry during the tumultuous COVID era, and the evolving landscape of media today.
Steve shares insights on building a successful platform amidst uncertainty and the importance of staying true to one's voice in an ever-changing world.
Tune in for an engaging conversation filled with behind-the-scenes stories and invaluable lessons from a...2024-10-1427 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 247: The Financial Rollercoaster: Five Years of Bank Account MediansOn the latest episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® dive into a recent Wall Street Journal article discussing the trends in bank account medians over the past five years. They explore how the financial landscape experienced a notable boost during the COVID-19 pandemic, largely fueled by stimulus checks that temporarily elevated household savings.
However, as the economy stabilizes, Nick and Jim reflect on how those numbers have returned to pre-pandemic levels, prompting a deeper conversation about financial resilience and planning in the current economic climate. Their insights shed li...2024-10-0722 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 246: Inflation Resilience: Why Ferrari Thrives While Dollar General StrugglesIn this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the contrasting performances of Ferrari stock and Dollar General amid today's economic challenges.
While Ferrari, a luxury brand, continues to thrive, showcasing resilience against inflation, Dollar General faces declining sales as consumers tighten their budgets.
The discussion highlights how high-end luxury items often appreciate in value, even in tough times, while staple goods retailers like Dollar General struggle as economic pressures mount.
Join us as we unpack the implications of these trends and what th...2024-09-3015 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 245: Rate Cuts and Market Moves: What’s Next?In this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the recent drop in money market rates following the Federal Reserve's latest rate cut. While the immediate effects of lower rates can seem beneficial, they argue that the focus should be on longer-term investments and fixed income strategies.
The discussion highlights historical trends, examining how the S&P 500 has performed twelve months after rate cuts, drawing insights from data spanning back to 1929.
Tune in for a thoughtful analysis on navigating these changing financial landscapes.
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2024-09-2412 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 244: From Peaks to Pits: The Full Picture of the Magnificent Seven StocksOn the latest episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® delve into an intriguing article titled The Magnificent Memory Hole, which explores the "Magnificent Seven" stocks that have significantly outperformed the market.
Despite their impressive gains, the discussion highlights a crucial point: these companies faced substantial downturns in their histories. The conversation underscores that while the current market conditions may appear favorable, it's essential to remember the volatility these stocks experienced. Nick and Jim emphasize that the substantial rewards associated with these high-flying stocks come with considerable risks, and hi...2024-09-0907 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 243: Retirement Riches: How an Ex from 1989 is Cashing InIn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® delve into a Wall Street Journal article about a woman who, after a breakup nearly 40 years ago, stands to inherit her ex’s $1 million retirement account due to a beneficiary designation made in 1987.
This intriguing case underscores the critical importance of regularly reviewing and updating beneficiary information. Nick and Jim stress that during every client meeting, they ensure accounts are thoroughly reviewed, including making any necessary updates to beneficiary designations. This proactive approach helps prevent unintended financial consequences and ensures that your...2024-09-0311 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 242: Aligning Goals: What Makes Someone an Ideal Client for Peak Wealth?In the latest episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth delve into the crucial topic of defining their ideal client.
With a focus on personalized wealth management, they discuss the characteristics that make a client a perfect fit for Peak Wealth's strategic approach.
According to Nick and Jim, their ideal client is someone who values long-term financial planning, demonstrates a commitment to their financial goals, and seeks a collaborative partnership in achieving peak wealth.
They emphasize the importance of clear communication, mutual tr...2024-08-2615 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 241: Consumer Confidence by Political AffiliationOn this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® dive into a fascinating analysis of consumer confidence trends segmented by political affiliation, drawing on a JP Morgan chart spanning from 2000 to the present.
The data vividly illustrates how consumer sentiment among Republicans and Democrats has fluctuated in response to major events such as 9/11, the housing market crash, and other significant milestones.
For instance, the chart reveals that Republican consumer confidence often surged in the wake of elections won by their party, while Democratic confidence generally peaked under th...2024-08-2011 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 240: Financial Literacy & Family Legacy at the Dinner Table with Scott DonnellIn this episode, Nick Hopwood, CFP® & Preston Gee, CFP® of Peak Wealth are joined by Scott Donnell, founder of GravyStack and DinnerTable.com. With over 7 million families served, Scott is the leading expert in financial literacy and building stronger families. In this episode, Scott will talk about how to teach your kids & grandkids about money, the basics of the Home Economy, and why allowances don't work. Peak Wealth is hosting a Dinner Table seminar to support local parents & grandparents at Peak HQ, 41011 Ann Arbor Road, Plymouth MI, on August 28 from 6 pm to 7:30 pm.
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Peak Wealth Mana...2024-08-1210 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 239: Beyond the Linear Path: How Monte Carlo Models Reflect RealityIn the latest episode of the Trust the Plan Podcast, Nick Hopwood, CFP® & Jim Pilat, CFP® dive into the intricacies of Monte Carlo simulations and their application in financial planning.
They discuss how these simulations offer a more nuanced view of potential financial outcomes, revealing that not every year follows a linear path. Instead, Monte Carlo models account for a range of possible scenarios, providing a more robust framework for anticipating the complexities of long-term planning.
This approach emphasizes the importance of flexibility and adaptability in financial strategies, countering the assumption that past performance will dic...2024-08-0510 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 238: Exploring Retirement Readiness: A Peak Wealth Case StudyIn this episode of The Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth delve into an intriguing case study that highlights the dynamic nature of retirement planning.
The episode explores how they initially advised a client against an early retirement, only to reassess and recommend retirement just a few months later. This swift turnaround was unprecedented in their experience, showcasing how rapidly financial circumstances can evolve and the importance of ongoing evaluation in wealth management.
Nick and Jim share insights into the factors that influenced this dramatic shift and th...2024-07-2911 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 237: Preparing for Financial Peaks: What New Clients Need to KnowNick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth welcome you to explore the Peak Process, a comprehensive approach designed to empower clients on their journey to financial success.
At Peak Wealth, we believe in crafting personalized strategies that align with your unique goals and aspirations. Our process begins with a deep understanding of your current financial landscape and ambitions, followed by strategic planning and implementation tailored to maximize your wealth potential.
With a commitment to transparency, education, and proactive communication, we guide you through each phase, ensuring clarity and confidence in every financial decis...2024-07-2208 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 236: Market Reaction: Stocks and the Ripple Effect of Major EventsJoin hosts Nick Hopwood, CFP®and Jim Pilat, CFP® on the Trust the Plan Podcast, where they delve into the intricate world of stock market behaviors following geopolitical upheavals and pivotal historical moments.
In this episode, they explore how stocks react to these events, offering deep insights into market trends, investor sentiment, and the strategies that emerge in the aftermath.
Whether it's analyzing market returns post-crisis or dissecting the impact of global shifts on investment portfolios, Nick and Jim are your go-to podcast hosts for understanding the dynamic interplay between world events and financial markets....2024-07-1515 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 235: Buyer Beware: Avoiding Common Annuity MistakesWelcome to the Trust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®. In this episode, we're diving deep into the world of annuities with a focus on buyer beware. Annuities can be complex financial instruments, often carrying hefty penalties if terminated early.
Nick and Jim discuss the importance of understanding these penalties and exploring the best strategies for navigating annuities wisely.
Whether you're considering an annuity for retirement planning or evaluating your current financial portfolio, join us as we unpack the crucial factors to consider when choosing the right path forward.
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Join us as we explore success stories and lessons learned from individuals who have achieved peak wealth sharing, offering actionable strategies for financial preparedness and resilience.
Whether you're looking to secure your retirement, plan for the unknown, or simply gain a deeper understanding of wealth management, our podcast aims to equip you with the knowledge and confidence to tr...2024-07-0111 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 233: Beware the Cash Trap: High Interest Rate HazardsIn this episode of Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management delve into the dangers of Americans chasing high interest rates, exploring how the allure of high returns can lead to a 'cash trap'.
They dissect insights from a recent Wall Street Journal article, offering practical advice on navigating the complex world of financial investments and avoiding potential pitfalls.
Tune in as they uncover the hidden risks and discuss strategies for making informed financial decisions.
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Peak Wealth Management is a financial planning and weal...2024-06-2607 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 232: Maximize Your Miles: Insider Tips with Evan ChoppIn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the art of maximizing airline miles with special guest, Evan Chopp.
Evan shares strategies and tips on how to rack up those valuable miles efficiently. Whether you're a seasoned traveler or new to the points game, you won't want to miss this deep dive into earning and redeeming airline rewards. Tune in to learn how to turn your travels into more than just a journey – but a rewarding adventure!
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Peak Wealth Management is a financial plannin...2024-06-1933 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 231: The Brokerage Blueprint: Key Steps to Early Retirement SuccessJoin Nick Hopwood, CFP® and Jim Pilat, CFP® on the Trust the Plan Podcast as they delve into the crucial role of brokerage accounts.
In this insightful episode, Nick and Jim illuminate the importance of strategic financial planning and how leveraging brokerage accounts can pave the way to financial independence.
From investment strategies to navigating market fluctuations, they provide invaluable advice and actionable tips for listeners eager to take control of their financial future.
Tune in and empower yourself with the knowledge to trust the plan and secure your path to early retirement....2024-06-1007 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 230: Adapting Your FIRE Strategy for Economic Uncertainty
In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP®, listeners gain valuable insights into navigating the FIRE (Financial Independence, Retire Early) strategy. Nick and Jim delve into the principles of FIRE, emphasizing the importance of disciplined saving, strategic investing, and living below one's means.
They discuss how individuals within the FIRE movement adapted their strategies amidst the economic uncertainty brought about by the pandemic, sharing anecdotes of resilience and innovative approaches.
Listeners are encouraged to maintain a long-term perspective, prioritize financial resilience through emergency funds, and remain adaptable in their purs...2024-06-0311 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 229: Maximizing Wealth: Strategies for Inherited IRAsIn this episode of the Trust the Plan Podcast, we delve into a topic that's frequently raised by our clients: navigating inherited IRAs. Join our hosts, Nick Hopwood, CFP® and Jim Pilat, CFP® as they expertly guide us through the intricacies of inherited individual retirement accounts (IRAs) and share invaluable strategies for mitigating taxes associated with them.
Inherited IRAs present unique challenges and opportunities, often requiring careful planning and informed decision-making. Nick and Jim draw upon their extensive experience and deep understanding of financial planning to unravel the complexities surrounding inherited IRAs, offering actionable insights tailored to ou...2024-05-2812 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 228: Celebrating Success: Reflections on the No-Spend Month JourneyWelcome to Trust the Plan podcast! In this special episode, Nick Hopwood, CFP® talks with Preston Gee, CFP® on his transformative journey: a month of eliminating all unnecessary expenses.
Together, they delve into the intricacies of financial discipline, sharing personal insights, practical tips, and inspiring anecdotes. From budgeting basics to creative ways of finding free entertainment, the duo offers a roadmap to navigate the challenges of curbing unnecessary expenses.
Tune in as they explore the power of mindfulness in consumption and highlight the joys of living within means. Join us on this empowering adventure of em...2024-05-2008 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 227: Empowering Your Finances: What a Financial Planner Can Do for YouWelcome to Trust the Plan Podcast with your hosts Nick Hopwood, CFP® & Jim Pilat. CFP®! In this episode, we delve into the intricate world of financial planning, uncovering the crucial role of financial planners and the comprehensive coverage of a well-crafted financial plan.
Join us as we demystify the responsibilities of financial planners, who act as guides on your journey to financial success. From understanding your financial goals to navigating complex investment strategies, they are your trusted allies in securing your financial future.
Nick and Jim also explore the multifaceted layers of a financial plan. Fr...2024-05-1313 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 226: The Retirement Blueprint: A Checklist for Every AgeWelcome to the Trust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management.
In this episode, we delve into the essential topic of retirement planning with a comprehensive checklist. Join us as we guide you through the crucial tasks to tackle at various stages of your life leading up to retirement. Whether you're in your 20s, 30s, 40s, or beyond, we've got you covered with expert insights and actionable advice to help you secure your financial future.
Tune in now and take control of your retirement journey!
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2024-05-0611 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 225: Navigating the Mortgage Maze: Pay Off or Invest?Welcome to Trust the Plan, the podcast where we break down financial decisions to help you make informed choices.
In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® dive into a common dilemma: Should you prioritize paying off your home with a lower interest rate quickly, or invest your dollars in a money market when rates are higher?
Join us as we explore the pros and cons of both strategies. Are you a believer in the peace of mind that comes with owning your home outright? Or are you tempted by the potential returns of...2024-04-2909 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 224: Why Presidential Elections Shouldn't Dictate Your Investment DecisionsJoin Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management as they delve into Nick's illustrious 25-year journey in the finance industry.
Nick mentions that throughout his career, clients frequently come to him during an election year asking how it could impact their investments. As we near closer to the U.S. Presidential Election in November, Nick and Jim debunk common misconceptions surrounding the impact of political cycles on financial markets.
Through insightful analysis and expert commentary, we uncover the underlying factors that truly drive investment success.
Hosted by seasoned financial prof...2024-04-2311 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 219: Financial Foundations for Kids: A Guide for ParentsIn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management are diving into the important topic of financial foundations for kids and guiding parents on how to instill good money habits in their children. Nick says he was inspired while attending a conference where he connected with Scott Donnell, founder of GravyStack. Nick and Jim discuss the significance of starting financial education early, the role parents play in shaping their children's financial behavior, and practical strategies to teach kids about saving and spending responsibly.
Join us as we...2024-03-1107 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 218: Cracking the Longevity Code: Secrets to a Longer, Healthier LifeIn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® talks with Jim Pilat, CFP® about his experience meeting Dr. Michael Roizen, author of The Great Age Reboot: Cracking the Longevity Code for a Younger Tomorrow. In Dr. Roizen's book, he explores the latest advancements in longevity research and shares valuable insights on how we can all unlock the secrets to living a longer, healthier life.
From cutting-edge science to practical tips and strategies, Nick breaks down the key factors that contribute to aging and how we can defy the odds to turn back the clo...2024-03-0417 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 217: The Millionaire Definition Hasn't Changed, But Its Meaning HasIn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the meaning of obtaining the $1 million status- and how its meaning has evolved over time.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
Apple: rb.gy/1jqp6 (Trus...2024-02-2607 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 216: Unlocking Your Potential: A Conversation with Ben Knapp on Healthier LivingNick Hopwood, CFP® of Peak Wealth sits down with Ben Knapp of Omnevo Performance Academy to dive deep into the world of health and wellness. Nick and Ben discuss the importance of understanding body composition, the impact it has on overall health, and strategies for achieving sustainable and realistic goals.
Whether you're looking to shed some pounds, gain muscle, or simply improve your overall well-being, this episode is packed with valuable insights and practical tips to help you reach your health and fitness aspirations in 2024.
Tune in now and embark on a journey to a hea...2024-02-1914 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 215: 10 Money Myths Broke People BelieveIn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management are debunking 10 money myths that broke people often believe.
By dispelling these myths and providing practical advice, Nick and Jim hope to help listeners improve their financial literacy and make more informed decisions about their money.
Join the conversation to learn more.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so th...2024-02-1213 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 214: The Election Effect: How Politics Influences the MarketIn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management delve into the relationship between politics and the U.S. market. Join us as we explore the historical patterns of market behavior during election years, discuss the potential implications of various election results on different sectors, and offer insights on how investors can prepare themselves for potential market volatility. Tune in to gain a deeper understanding of the election effect on the market as a way to make informed decisions for your investments.
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Peak Wealth Mana...2024-02-0508 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 213: Thriving Through Transitions: Post-Retirement Valleys ExploredIn this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management delve into managing finances in the post-retirement valley. Nick and Jim uncover the challenges retirees face after leaving the workforce — while offering practical advice to overcome them. This dynamic financial duo aims to provide support and guidance for those in this transitional phase.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire...2024-01-2907 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 212: Mastering Retirement: The 8 Essential Ages for Financial SuccessIn the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® share valuable insights on the eight most important ages in retirement planning. They delve into the significance of each milestone and how it affects an individual's financial outlook.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com
YouTube: / @peakwealthmgmt
2024-01-2209 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 211: 2024's Game-Changer: The 529 Rollover into IRA ExplainedNick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about how families who are saving for education in 529 plans are now allowed to roll over unused funds from those accounts into Roth individual retirement accounts (IRA) without incurring tax penalties. There are a few limitations to the new rollover measure - Join our conversation to learn everything you need to know about planning for your child's financial future!
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clie...2024-01-1507 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 210: Maximizing Tax Benefits: How Donor-Advised Funds Can HelpNick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management dive into the concept of donor-advised funds, a popular and effective tool for charitable giving. One of the key benefits of donor-advised funds is the ability to make recommendations on how the funds should be distributed to specific nonprofits and causes, while also receiving potential tax benefits. We discuss the various aspects of DAFs, including their flexibility, ease of use, and potential for creating a lasting philanthropic legacy. Join our conversation to learn more about how its potential to transform charitable giving.
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Peak Wealth Manag...2024-01-0806 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 209: Health Care Coverage for RetireesNick Hopwood, CFP® and Jim Pilat, CFP of Peak Wealth Management open up the episode by sharing an update on EP 202 — where the duo talks about the importance of having money dates with your spouse. Nick shares his most recent experience where him and his wife carved out time dedicated to talk about finances.
After the beginning discussion, Nick and Jim delve in on health care coverage for retirees. With the high cost of health insurance to Medicare being available for people 65+, what is your best option in retirement? Grab a notebook & pen, because this is an epis...2024-01-0210 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 208: Next Level Investing: Mega Backdoor RothsIn this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management dive into the benefits of Mega Backdoor Roths. This kind of Roth takes investing to the next level — It enables you to take the after-tax dollars you contribute and roll them into a Roth IRA. Get ahead of the game for your finances in 2024 — This is an episode you won't want to miss!
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions...2023-12-2609 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 207: Making Smart Housing Decisions in RetirementMaking smart housing decisions in retirement is a crucial part of planning for this new chapter in life.
In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss various factors to consider while planning — such as evaluating affordability (and unexpected items not accounted for such as increase in taxes) & exploring options like downsizing or renting.
Making informed and thoughtful housing decisions ensures that retirees can enjoy their golden years with comfort, security, and overall well-being.
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Peak Wealth Management is a financial planning and wealth management firm in Ply...2023-12-1809 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 206: Retirement Investing: Dave Ramsey’s 8% Withdrawal RateIn this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss Dave Ramsey's concept of an 8% withdrawal rate in retirement.
The personal finance expert recently landed in hot water after an on-air rant about the popular 4% rule for retirement withdrawals.
It all started when a 30-year-old man with $120,000 already saved for retirement called into “The Ramsey Show” to ask what percentage of his assets he should plan to withdraw in retirement over a 30-year time period.
Ramsey's retirement advice has landed like a lead balloon among other money professionals, with som...2023-12-1111 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 205: From Mine to Ours: The Ultimate Guide to Joint Bank Accounts in MarriageIn this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® talk about how financial transparency and unity are fundamental to a successful partnership — and how joint bank accounts can be a powerful tool in achieving that.
Join us as we explore the financial advantages, strategies for managing joint accounts, and tips for open communication and shared financial goals.
Whether you're newlyweds or have been married for years, this podcast is your go-to resource for unlocking the potential of joint bank accounts and building a strong foundation for your shared financial future.
Let's embark on t...2023-12-0408 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 204: Maximum Benefits and Contribution Limits for 2024In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® share updates regarding maximum benefits and contribution limits for 2024. The IRS announced adjustments for various retirement plans, including 401(k), IRA, and Roth IRA accounts. These updates mean that you now have even more opportunities to maximize your contributions towards your retirement accounts, ensuring a brighter financial future. Plan ahead for 2024 - This is an episode you won't want to miss!
Listen to our podcast or watch our video below to learn more. For those joining us on YouTube, subscribe to our channe...2023-11-2707 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 203: Mint Shutdown: What Should Mint Users Do Now?In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® discuss the upcoming shutdown of the budgeting app, Mint. As of January 1, 2024, Mint is leaving its users without a tool they've relied on for budgeting and financial management. Fear not! We've got the perfect solution for our listeners - Peak's Expense & Net Worth Tracking spreadsheet. This free and user-friendly tool allows you to effortlessly track your expenses, categorize them, and visualize your net worth. Join us in this episode as we talk more about the Mint shutdown and recommend our Peak alternative to help you have peace of mind wh...2023-11-2011 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 202: What is a Money Date? & How Can It Help Your Financial Future?In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about the benefits of a money date — and the impact it can have on your financial future.
A money date is a way for you and your significant other to come together and talk about money and the things that matter most in a way that makes you comfortable and makes finances more understandable. It’s a scheduled conversation—a date—around your money, as well as your goals, your values, your priorities, and what you want to accomplish in life. It’s important...2023-11-1308 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 201: Top 5 Careers of Millionaires (Results will SHOCK you!)Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about the top 5 careers of millionaires, according to the largest survey EVER conducted on 10,000 U.S. millionaires— and the results will shock you! You’ll learn that building wealth has almost NOTHING to do with your income or your background! It doesn’t matter where you come from. It matters where you’re going.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can...2023-11-0609 min
The Omnibus ShowThe Omnibus Show E028 - Jamie Hopwood, General Manager of Hotel Carmichael, Who Discusses the Fun World of Being a Hotelier, the Hospitality Industry, and the Story of Hotel CarmichaelCarmel, IN – October 30, 2023 – Today’s episode of The Omnibus Show will feature Jamie Hopwood, General Manager of Hotel Carmichael, who discusses the fun world of being a hotelier, the hospitality industry, and the story of the boutique Hotel Carmichael.Hopwood is the General Manager of Hotel Carmichael, a Marriott Autograph Collection hotel in Carmel, Indiana. The 122-room hotel, located at One Carmichael Square, is owned by CCC Boutique Hotel, LLC and managed by Coury Hospitality of Kansas City, Missouri.He came to Hotel Carmichael in 2020 with twenty-five years of hospitality experience. Hopwood was general manager of hig...2023-10-3041 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 200: Exploring the Impact of the Israel-Palestine Conflict on the US DeficitIn episode 200 of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management delve into the ongoing conflict in Israel and its impact on the United States deficit. With tensions high between Israel and Palestine, the United States has continued to provide financial assistance to Israel, which has resulted in an increase in the U.S. deficit.
As the conflict continues to escalate, Nick and Jim provide a thoughtful perspective on the complexities of the situation and the potential consequences for both the United States and the region as a whole.
...2023-10-3014 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 199: Tackling the Cost of College: A Guide to Saving for Higher EducationIn this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management will discuss the best practices, strategies, and options available for financing higher education. With college costs skyrocketing, finding the right funding options can be challenging for students and parents alike. Luckily, there are several avenues for financing college education, from savings accounts and loans to grants, scholarships, and work-study programs.
At the end of this podcast, you'll have a better understanding of college funding options, how to maximize your money, and make informed choices when it comes to higher education. So, join us, an...2023-10-2307 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 198: Managing Client Expectations: The Secret to Successful CFP-Client RelationshipsIn this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management delve into the crucial topic of managing client expectations as a Certified Financial Planner (CFP) and how it sets the foundation for a successful and fulfilling relationship. We explore the pivotal role communication plays in understanding and aligning with clients' financial goals, aspirations, and risk tolerance. By effectively managing expectations, CFPs can create a personalized financial plan that not only meets their clients' needs but also exceeds them.
Additionally, we explore the long-term benefits of managing expectations, such as building trust, fostering loyalty, an...2023-10-1608 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 197: The Cost of Risk: Why Some Homeowners Refuse to Buy InsuranceIn today's episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the two main reasons why more people are choosing to skip home insurance, as outlined in a recent Wall Street Journal article.
We'll be taking a closer look at the financial and psychological factors that influence this decision, including the rising cost of premiums and the optimism bias that can lead people to underestimate their own risk.
Whether you're a homeowner yourself or simply interested in understanding the risks and rewards of home insurance, this episode is not to be mi...2023-10-0906 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 196: Rounding Up At The RegisterNick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about businesses that ask you to "round up" for donations. This tactic has become increasingly popular among businesses, including supermarkets, gas stations, and restaurants. Essentially, when you make a purchase, the business will give you the option to "round up" to the nearest dollar or another amount, with the difference going towards a charitable cause. While this may seem like a simple way to give back, some people are skeptical of the practice and question whether businesses are using this as a way to boost their own pu...2023-10-0207 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®Don’t Retire...Graduate! feat. Eric Brotman, CFP®In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management had the pleasure of speaking with Financial Advisor, Eric Brotman. Eric has been working in the financial industry for over 25 years and has a wealth of knowledge to share. Along with being a CFP® living in Maryland, Eric also is an author & host of the Don't Retire...Graduate! Podcast. Tune in now to hear from one of the top financial advisors in the industry.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by provi...2023-09-2523 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 195: Mastering the Withdrawal Phases of RetirementNick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about a recent article they read where it highlights 7 steps someone must take to make a retirement withdrawal. Overall, the duo believes the article missed the mark... saying there's a lot more that needs be taken into consideration. Learn more from this powerhouse financial duo on what you need to think about while making retirement withdrawals. This is an episode you won't want to miss!
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing educ...2023-09-1810 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 194: Exploring September Economic Trends 2023In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about a recent TikTok video where a woman compares the work ethic and goals between Gen Z & Boomers. Nick and Jim delve into her reasoning while sharing their thoughts on both generations.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com...2023-09-1106 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 193: Do Young Americans Share Same Work Ethic & Goals as Boomers?In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about a recent TikTok video where a woman compares the work ethic and goals between Gen Z & Boomers. Nick and Jim delve into her reasoning while sharing their thoughts on both generations.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
Stay Connected With Us:
Podbean: findingtruewealth.podbean.com2023-08-2810 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®Michigan Football Through the Eyes of Chris DupreyIn this episode, Nick Hopwood, CFP® sits down with former Michigan Daily writer, Chris Duprey. Chris spent his college years at the University of Michigan working as a sports writer for the newspaper. We delve into how he got his start, some of his favorite memories of writing for The Michigan Daily, and lessons he learned along the way. Chris shares his expert insight on the current Michigan Wolverine team - and where he sees them ranking for the 2023 season. So sit back, relax, and join us for a conversation with Chris Duprey, a former Michigan Daily writer & friend of...2023-08-2436 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 192: The Risks of Owning Rental PropertiesOwning a rental property can be a great way to generate passive income and build wealth over time. However, like any investment, there are risks and downsides to consider. In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management explore the cons of owning a rental property and how to mitigate them. Nick shares his personal experience of handling multiple rental properties — including a recent home that was left destroyed by the tenants. Watch our YouTube video to view the footage.
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Peak Wealth Management is a financial planning and wealth management firm i...2023-08-2108 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 191: Back to Reality: The Impending Resumption of Student Loan PaymentsNick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the recent news that student loan payments will resume October 2023 after being paused due to the COVID-19 pandemic.
Nick and Jim explore the impact this will have on students and graduates who have been relying on the pause in payments to help with financial stability during a difficult time. We also delve into how this decision may impact the overall economy and the student loan debt crisis in America.
Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We...2023-08-1409 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 190: The U.S. Government Debt Has Been DowngradedWelcome to today's episode of the Trust the Plan Podcast, where Nick Hopwood, CFP® and Jim Pilat, CFP® discuss the recent news that Fitch, one of the major credit rating agencies, has downgraded the U.S. economy's debt rating from AAA to AA+.
In this episode, we'll explore the implications of this news for the U.S. economy, investors, and taxpayers. We'll also discuss what this downgrade means for the U.S. government's ability to borrow money and what steps it can take to address its debt challenges. So sit back and join us as we dive in...2023-08-0708 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 189: The Keys to Olivia Atkin’s Success in Podcasting, Writing, and EntrepreneurshipJoin us for an inspiring episode with Nick Hopwood, CFP® and Jim Pilat, CFP® as they delve into the life and career of Olivia Atkin, a podcaster, author and successful entrepreneur. We'll examine the key moments and experiences that have shaped her journey. As the host of the Achieving Success Podcast, she has captivated audiences with her informative and engaging discussions. Her book, Achieving Success in Career Development, has inspired countless readers with her insightful perspectives and practical advice. As an entrepreneur, she has built her own successful business from scratch, inspiring others to follow in her footsteps. In thi...2023-07-3133 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 188: The Power of Multiple Revenue Streams: A Guide to Diversifying Your IncomeIn today's competitive and ever-changing job market, diversifying your income has become more important than ever. In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® is joined by Preston Gee, CFP® to discuss the benefits and strategies of generating multiple streams of income.
At Peak Wealth Management, they've developed a formula on diversifying income for their clients called Peak Income 360. Learn more at peakwm.com/peak-income-360
Overall, "The Power of Multiple Revenue Streams: A Guide to Diversifying Your Income" is a valuable podcast episode for anyone seeking to increase their financial stability an...2023-07-2409 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 187: Mastering Your Wealth: The Power of Tracking Net WorthIn this episode, Nick Hopwood, CFP® and Preston Gee, CFP® of Peak Wealth Management shed light on the significance of understanding one's assets, liabilities, and overall financial health in order to make informed decisions and achieve long-term financial goals.
Listeners can expect to gain a comprehensive understanding of the different components that contribute to net worth, such as investments, real estate, savings, and debt.
By the end of this episode, listeners will have a clear understanding of why tracking net worth is crucial for financial success and will be equipped with practical tools and knowledge to...2023-07-1710 minTrust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®EP 186: The Wealth Illusion: More Likely to Misjudge Retirement PreparednessMany Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others, according to a new report.
It is believed that booming stock and housing markets may have contributed to a "wealth illusion" among high-income households.
In this episode, Nick Hopwood, CFP® and Preston Gee, CFP® of Peak Wealth Management discuss the importance of taking multiple factors into consideration while planning for retirement- including market fluctuations to unexpected expenses, and changes in personal circumstances. Professional financial advice, proper planning, and regular assessment of retirement strategies can help ma...2023-07-1107 min
Stream Popular Free Audiobooks in Biography & Memoir, MemoirsDownton Shabby: One American's Ultimate DIY Adventure Restoring His Family's English Castle by Hopwood DepreePlease visit https://thebookvoice.com/podcasts/1/audiobook/545581 to listen full audiobooks. Title: Downton Shabby: One American's Ultimate DIY Adventure Restoring His Family's English Castle Author: Hopwood Depree Narrator: Graham Halstead Format: Unabridged Audiobook Length: 8 hours 52 minutes Release date: May 31, 2022 Genres: Memoirs Publisher's Summary: HGTV meets Downton Abbey! A ready-for-TV story—with charm and humor in abundance—about a Los Angeles producer who moves to England to save his ancestral castle from ruin. Hollywood producer Hopwood DePree had been told as a boy that an ancestor—who he was named for—had left his family’s English castle in the 1700s to come to...2022-05-3105 min
The HopcastThe Hopcast | Episode 1 (part 1)
Can Israel’s experience in exile help us navigate our current crisis of isolation and social distancing. In this episode we pose this question to Dr. John Jackson, Old Testament professor and member of Hopwood Christian Church. What would Israel name as the most significant losses that they experienced as a result of their exile? How can this help us to name some of the most significant things we have lost?
2020-04-0500 min
The Daycast By Day TranslationsThe Daycast : Episode 1 featuring Sean Hopwood - Business Brand Expansion and is your brand ready?Special Invited guest Sean Hopwood, President and CEO of Day Translations Inc shares his story on how he started Day Translations inc, shares his insights and tips for young entrepreneurs to start their business, grow their existing business and take their business global by using Day Translations' localization services. 2020-02-2049 min
HopcastThis episode is to show appreciation for everyone.Hello. This episode is to inform you all of my appreciation for everyone in this company and every department and all of the efforts that you have made to do an excellent job and make this company a wonderful place to be. Thank you all from the bottom of my heart. Sean Hopwood2019-08-2010 minHopcastImportance of listening to every single podcastHello team we’re getting a very low amount of people listening to the podcast. So, if you can please let me know why So if you people are listening to the podcast, I would greatly appreciate that. Thank you very much, Sean Hopwood2019-08-1601 minHopcastThis episode about is about expanding and offering new services.We are offering new services at Day Translations. I kindly ask you to be patient as we grow and expand. Please help the team as we offer these new services. Thank you. - Sean Hopwood2019-07-2923 min
Elucidations: A University of Chicago PodcastEpisode 80: Mark Hopwood discusses love and moral valueIn this episode, Mark Hopwood discusses the moral relation that results when one person values another as a particular individual.2016-02-1031 min