Shows
Advisor AllyThe Evolving Role Of Financial Advisors | Steven Boorstein & Vineet Mohan | Advisor Ally Podcast 02In this episode of Advisor Ally, we sit down with Steve Boorstein - the founder of a values-driven, flat-fee financial planning firm RockCrest Financial LLC, and a true advocate for comprehensive, life-centered wealth management.Steve’s journey from pharmacist to financial advisor is anything but ordinary and his insights into industry evolution, client psychology, and the role of technology in advisory practices are both timely and transformative. 💡Steve is a “Personal Finance CEO” — helping successful individuals and families align their money with their values, simplify their lives, and focus on what mat...
2025-06-0333 min
Personal Financial CEOBehavioral Finance Strategies to Overcome Financial Mistakes: Interview with Rick LehmanIn this episode of the Personal Finance CEO Podcast, host Steve Boorstein is joined by Richard Lehman, adjunct finance professor and author, to delve into the world of behavioral finance. They discuss the importance of understanding investor behavior for long-term success, revealing why emotions often lead to poor financial decisions. Lehman emphasizes the benefits of using financial advisors, the impact of behavioral finance across various personal finance areas, and introduces his new venture, Climate Economics, highlighting the financial implications of climate change. Tune in to discover how recognizing and managing behavioral patterns can enhance investment performance and personal financial...
2024-06-1444 min
Personal Financial CEOSmarter Investing using Behavioral Finance with guest, Daniel Folkinshteyn, PhDSteven Boorstein, PharmD, CFP® discusses with Professor Daniel Falkenstein, PhD, behavioral finance practical examples of how it impacts personal finance decisions. They explore various cognitive biases that affect human behavior, such as overconfidence bias, gambler's fallacy, and status quo bias. They also discuss the importance of early savings and the benefits of index fund investing. The conversation highlights the need for education, coaching, and planning to overcome these biases and make sound financial decisions.
#behavioralfinance #cognitivebiases #personal finance #overconfidencebias #gamblersfallacy #statusquobias #indexfundinvesting #planning
Takeaways
-Human behavior in personal finance is influenced by cognitive b...
2024-04-1836 min
Personal Financial CEOSTOP Calling It a Retirement Plan! DO THIS Instead...Steve explains why he hates the term "Retirement Plan" and what you should do, instead!
2024-04-0404 min
Personal Financial CEOThe Flat-Fee Advisor RevolutionHow do you pay your financial advisor? If you have over $750,000 and are still paying your advisor a percentage of your account value, then you need to watch this video! Steve and Aiden discuss how a comprehensive flat-fee service works to provide a truly unique experience to those looking for a financial planner.
0:00 Intro
0:43 Flat-Fee vs AUM
2:26 Comprehensive Flat-Fee
4:28 Example of Flat-Fee vs AUM
5:19 Difference in fees comparison
6:14 Difference in growth comparison
7:04 Important things to consider
9:30 Conclusion
For too long, many...
2024-04-0409 min
Personal Financial CEORoth Strategies for High Income EarnersHaving a high level of income has it rewards, except in the case of being able to make Roth IRA contributions, where you may be either partially or entirely phased out depending on your income level. Steven A. Boorstein, PharmD, CFP® and Aiden Boorstein cover three ways for high income individuals and couples to get money into their Roth's for tax-free growth and income.
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00:00 Introduction 00:58 Backdoor Roth IRA
01:47 Employer Sponsored Roth Options
02:12 Mega Backdoor
Roth 02:44 Conclusion
Links discussed in episo...
2024-02-1702 min
Personal Financial CEOAdvisor Fees Explained: Flat-Fee vs AUMIn this episode of the Personal Financial CEO podcast, Steve A. Boorstein, PharmD, CFP® and Aiden Boorstein discuss four common ways financial financial advisors charge (commissions, hourly, AUM and flat-fee), including some of the pros and cons of each method. They focus most of the discussion on the most common method advisors use, Asset Under Management (AUM) fees and compare that to a newer method advisors are using, the Comprehensive Flat-Fee model. Steve and Aiden end the episode with an example of the potential long term difference in cost using an advisor who charges an AUM fees vs an a...
2024-02-1013 min
Personal Financial CEOSocial Security Spousal Benefits After DivorceSummary
In this episode, Steven Boorstein, PharmD, CFP® discusses Social Security Spousal Benefits After Divorce.
In this short video, we taken the complex topic of claiming Social Security benefits based on an ex-spouses earning record and simplified it into the basic rules and also, some special situations you may encounter.
Takeaways
+Can you collect based on your former spouse's earnings record?
+How long did you have to have been married?
+What are the rules for collecting?
+At which age can you claim benefits as an ex...
2024-01-2605 min
Personal Financial CEOCreate A Comprehensive Financial & Retirement Plan In Your 60’sIn this episode, Steven Boorstein, PharmD, CFP® discusses how to create a comprehensive financial plan/retirement plan in your 60s. He covers five critical areas of a solid financial/retirement plan: values and goals, tax strategy, estate planning, investment management, and risk management.
Steven emphasizes the importance of aligning these areas with your overarching financial plan and seeking professional advice when necessary.
Takeaways
+A solid financial plan in your 60s should include consideration of your values and goals.
+Develop a tax strategy to minimize taxes both now and in the future....
2024-01-1221 min
Personal Financial CEOTrailer- Personal Finance & Financial-Based Strategies to Help You Live Your Best LifeWelcome to the Personal Financial CEO Podcast, where we discuss personal finance and financial-based strategies to help you live your best life.
In short, whether you're in the process of trying to build financial freedom, or you've already built a significant level of wealth, this podcast will explore topics specifically designed to help you make smarter decisions on your path to success.
My name is Steven Boorstein. I'm the CEO and founder of RockCrest Financial LLC, a comprehensive financial planning and investment advisory firm in Somers Point, New Jersey. As both a Certified Financial Planner® p...
2023-12-2903 minPersonal Financial CEOThe Personal Financial CEO TrailerWelcome to The Personal Financial CEO podcast.
My name is Steven Boorstein. My plan in creating this podcast is to discuss personal finance and financial strategies to help live your best life. I am the CEO & Founder of RockCrest Financial, which is a comprehensive financial planning firm in Somers Point, NJ.
I am both a Certified Financial Planner™ professional and a Doctor of Pharmacy, so financial planning to me is about not only financial health, but the positive effect that optimizing your finances can have on both physical and mental well-being.
Every month, we...
2023-12-2202 min
Start Into A Uplifting Full Audiobook On A Rainy Day.Different Strokes by Steven BoorsteinPlease visithttps://thebookvoice.com/podcasts/2/audible/90725to listen full audiobooks.
Title: Different Strokes
Author: Steven Boorstein
Narrator: Alan Robertson
Format: mp3
Length: 7 hrs and 21 mins
Release date: 01-27-13
Ratings: 4.5 out of 5 stars, 12 ratings
Genres: Medical
Publisher's Summary:
2013-01-277h 21