Dollars and Sense

Rebuilding After Sudden Loss with Jody LaVoie (Ep. 84)

Wed, 11 Mar 2026 09:00:00 -0500

Life can change in a single moment, leaving you to face roles and decisions you never expected.

How do you move forward when grief collides with leadership, parenting, and identity?

In this episode, Nicole Romito sits down with Jody LaVoie, Founder and CEO of The Grief Company, and CEO and Coach at Widows In The Workplace, to share how a sudden tragedy reshaped her life. She recounts becoming a solo parent and chair of her family’s company overnight, while navigating shock and responsibility. Jody explains how she led and later sold the business, rebuilt her identity, and learned to ask for help. She also offers guidance for widows and women stepping away from demanding careers.

Jody covers:

The moment that changed her life and stepping into leadership while in shock
Leading and selling a multimillion-dollar company while raising three daughters
How unmanaged stress affected her health and reshaped her priorities
Why asking for help and narrowing your timeframe eases early grief
Supporting widows and executives as they redefine identity and next chapters
And more!

Connect with Nicole Romito:

Connect with Jody LaVoie:

About Our Guest:

Jody LaVoie’s mission is to empathize and humanize bereavement support in the workplace. The emotional impact of grief alters lives, and with comprehensive leadership and guidance, the grief experience can transform lives in a positive way. The Grief Company provides a comprehensive bereavement response that transforms grief into an opportunity for connection, resilience, and a culture that stands the test of time. Grief touches us all.

As a business leader, certified grief educator, coach, and widow, Jody is uniquely positioned to elevate bereavement support that is aligned with culture and an eye on the bottom line.

REPLAY: Building Your Financial Dream Team with Greg Bogdan, CFP® (Ep. 83)

Wed, 25 Feb 2026 09:00:00 -0500

Managing money can feel manageable at first. But what happens when life gets more complex, and the stakes get higher?

In this replay episode, Nicole Romito revisits a powerful conversation with Greg Bogdan, CFP®, Senior Advisor at Private Vista, LLC, about building the right financial team. They explore when a “team of one” stops being enough, how advisors, CPAs, and estate attorneys work together, and why proactive coordination matters. From estate settlement stories to evolving tax laws and legacy planning, they share real examples of how collaboration simplifies major life transitions.

Greg shares key insights:

Why managing finances alone often works early on, but becomes risky as life grows more complex
How coordinated calls between advisors, CPAs, and attorneys prevent costly missteps
The role of proactive estate reviews and updating documents before life events happen
Common oversights like unsigned trusts or improperly titled assets
Why major events like business sales or inheritance require early team planning
And more!

Connect with Nicole Romito:

Connect with Greg Bogdan:

About Our Guest:

Greg Bogdan enjoys creating lasting relationships as a trusted advisor to clients. He finds it most rewarding to help his clients think through their financial situations in developing a customized plan and path to achieving their goals. After walking clients through his process, Greg hopes that they come away feeling empowered to make informed financial decisions with the confidence of knowing how to achieve their vision of ‘financial independence’ while living a more enriched and fulfilling life.

With a busy, young family, outside of work and in between shuttling their girls (ages 7, 5, and 1) between activities, Greg and his wife, Christi, enjoy cookouts and entertaining with their friends and family. During the summer months, they’re often found at nearby parks, going on walks with their dog, Clancy, or riding bikes as a family. They most enjoy summer vacations on the beaches of Cape Cod and the shores of Michigan. In the future, My Private Vista is to explore the country and instill their love of traveling in their girls.

Retirement Beyond the Numbers with Mike McCabe, CFP®, CPC – Part 2 (Ep. 82)

Wed, 11 Feb 2026 09:00:00 -0500

Retirement planning often focuses on finances, but the emotional and personal side can be just as impactful. What happens when work slows down, routines change, and relationships shift at home?

In this episode, Nicole Romito and Mike McCabe, CFP®, CPC, Partner & Senior Advisor at Private Vista, continue their discussion by shifting from money to mindset. They explore the emotional side of retirement, including changes in daily routines, increased time with a spouse, and the importance of retiring toward something meaningful. The conversation highlights communication, structure, and flexibility as key factors in building a fulfilling next chapter after work.

Key takeaways:

Why open communication becomes even more important for couples in the second phase of retirement
How clients often revisit retirement readiness for years before feeling comfortable moving forward
The value of retiring toward purpose rather than simply leaving a career
How routines and structure support emotional balance after full-time work ends
Understanding mental stress when retirement is unexpected or arrives sooner than planned
And more!

Connect with Nicole Romito:

Connect with Mike McCabe:

LinkedIn: Mike McCabe

About Our Guest:

Throughout his career in financial services, Mike McCabe has focused on helping clients manage their financial lives in a way that supports enjoyment and fulfillment beyond the numbers. He has a strong commitment to continued learning, earning the CERTIFIED FINANCIAL PLANNER® designation as well as the Certified Pension Consultant (CPC) designation through the American Society of Pension Professionals and Actuaries. Within the firm, Mike serves on the Investment Committee, supports compliance efforts, and mentors the next generation of advisors.

Mike values a healthy work and life balance, which for him means finding satisfaction in his work while making time for golf, volunteering, exercise, movies, and meaningful time with his wife, friends, and family. He looks ahead to continued growth with modern technology, more travel, deeper community involvement, and enjoying life as a present and engaged grandfather.

Retirement Planning, Health Coverage, and Income with Mike McCabe, CFP®, CPC – Part 1 (Ep. 81)

Wed, 28 Jan 2026 09:00:00 -0500

Retirement often feels close long before the details are clear, and timing can shape how smooth the transition feels. Decisions around income, health coverage, and benefits tend to overlap more than expected.

In this episode, Nicole Romito sits down with Mike McCabe, CFP®, CPC, Partner & Senior Advisor at Private Vista, to walk through what to think about in the final year before retirement. They cover Medicare timing, Social Security decisions, and how early planning helps avoid rushed choices. The conversation also explores replacing a paycheck, managing cash flow, and why tax awareness matters as income sources change.

Key takeaways:

Planning health insurance decisions at least 90 days before retirement to avoid gaps and confusion
Understanding how Medicare Parts A, B, D, and supplemental options fit together
Recognizing that Social Security reductions for early filing are permanent
Replacing a paycheck with structured retirement income that feels predictable
Using multiple account types to manage taxes and income timing effectively
And more!

Connect with Nicole Romito:

Connect with Mike McCabe:

LinkedIn: Mike McCabe

About Our Guest:

REPLAY: Empowering Your Financial Future Post-Divorce with Delaney Orozco (Ep. 80)

Wed, 14 Jan 2026 09:00:00 -0500

Divorce brings emotional upheaval, but the financial uncertainty can feel paralyzing. Where do you even start?

How do you protect yourself when you haven’t managed the finances? What team do you need, and how do you begin planning for a future you never imagined?

In this replay episode, Nicole Romito revisits her conversation with Senior Advisor Delaney Orozco, CFP®, breaking down the financial side of divorce into three manageable phases. They discuss building the right support team, gathering crucial financial data, and starting to envision your next chapter. Whether you’re considering divorce or already in the process, this conversation offers practical guidance for navigating one of life’s most challenging transitions with clarity and confidence.

Delaney discusses:

Why starting with a financial advisor before an attorney can save you money and provide better guidance
The essential team members you need beyond just a lawyer, including therapists and divorce coaches
How to gather financial data systematically, even if you’ve never been involved with household finances
Why emotions around assets like retirement accounts and homes require special attention and planning
The importance of looking forward to what you’re moving toward, not just what you’re leaving behind
And more!

Connect with Nicole Romito:

Connect with Delaney Orozco:

About Our Guest:

Delaney Orozco, CFP®, began in the financial services industry in 2015 as a service advisor. Throughout her career, she has focused on finding the intersection between the day-to-day processes of the financial world and bigger-picture planning, with the goal of assisting her clients in achieving their private vista. Delaney also has a deep passion for developing guides for her clients, helping them navigate the psychology behind finance and the numbers they see on the page. Her experience as a collegiate athlete has equipped her with the work ethic and dedication necessary to perform at a high level, which she hopes to offer her clients.

REPLAY: Finding Purpose Beyond Financial Independence with Jeff Toner (Ep. 79)

Thu, 08 Jan 2026 09:00:00 -0500

What happens after you reach financial independence? Many assume retirement means endless relaxation, but the reality is often more complex.

How do you find meaning when career obligations no longer drive your daily routine? What brings fulfillment in this new chapter of life?

In this episode, Nicole Romito revisits a conversation with Jeff Toner, CHFC®, RICP®, Partner at Private Vista, about moving beyond the numbers to discover purpose and meaning after achieving financial independence. Jeff shares insights from nearly 40 years in financial planning, discussing the evolution from solving math problems to helping clients navigate life transitions.

He explores resources for designing your next phase, real-world examples of clients finding fulfillment, and practical approaches to climbing the “second mountain” of purpose-driven living.

Jeff discusses:

The shift from retirement planning as a math problem to conversations about purpose and life design
How financial independence often arrives earlier than expected, creating both opportunity and uncertainty
Practical resources like “Designing Your Life” and “The Second Mountain” for mapping your next chapter
Real examples of clients finding meaning through social enterprises, education programs, and service work
Why staying curious, investing time in exploration, and maintaining connections are essential to fulfillment
And more!

Resources:

Estate Planning for the Sandwich Generation with Jeff Toner (Ep. 34)
Designing Your Life: How to Build a Well-Lived, Joyful Life by Bill Burnett and Dave Evans
The Second Mountain: The Quest for a Moral Life by David Brooks

Connect with Nicole Romito:

Connect with Jeff Toner:

About Our Guest:

Jeff Toner, CHFC®, RICP®, Partner at Private Vista, now almost 40 years into his career, has the luxury of looking backward and reflecting on the journey he has been on. Back in 1984, he didn’t know what a fiduciary was or what a financial planner did. What he did know was he wanted to help people with their finances and achieve their goals in life. He wanted to do it in a way that he wasn’t selling them a product but rather walking side by side with them as they moved toward their dreams. Jeff has been with them in moments of great joy and cried with them during their times of sadness. He has taught and educated them, but more importantly, he has been taught and learned from them as well.

Financial Truths Every Woman Needs to Hear with Terry Savage (Ep. 78)

Wed, 10 Dec 2025 09:00:00 -0500

Most women carry the weight of financial decisions while juggling careers, caregiving, and the pressure to simply “figure it out.”

In this conversation, Nicole sits down with nationally recognized money expert Terry Savage for a grounded, candid look at what women need to know at every stage of life. They unpack why time is one of your most powerful financial tools, the real impact of credit card debt, how early investing can change your future, and why long-term care planning matters more than most people realize.

What to expect from this episode:

How to avoid the debt spiral that steals opportunities
The power of starting small and starting early
Why women’s financial paths include unique challenges
How to protect yourself and loved ones later in life
And so much more!

Resources:

Connect with Nicole Romito:

Connect with Terry Savage:

About Our Guest:

Terry Savage is a nationally recognized expert on personal finance, the economy, and the markets. She writes a weekly personal finance column syndicated in major newspapers by Tribune Content Agency.

She is the author of four best-selling books on personal finance. A new edition of her best-selling book, The Savage Truth on Money is now available on Amazon.com. The first edition was named one of the top ten money books of the year by Amazon.com. Her other recent book is: The Savage Number: How Much Money do You Really Need to Retire? She is also co-author of The New Love Deal.

Terry appears frequently on national television and radio programs, commenting on the financial markets and current economic events. She is featured on WGN Radio and WGN-TV in Chicago, with a weekly personal finance segment.

What Sports Teach Us About Loyalty & Leadership with Delaney Orozco (Ep. 77)

Wed, 26 Nov 2025 09:00:00 -0500

How does a kid from Louisiana with a 30-inch vertical jump become a leader in finance and coaching?

Senior Advisor Delaney Orozco joins Nicole Romito for a candid, energizing conversation about the surprising ways competitive volleyball has shaped her personal and professional path.

From the sweltering heat of Southern softball fields to Virginia Tech’s Division I courts, Delaney shares how lessons in teamwork, loyalty, and grit have built the foundation for her success at Private Vista and why coaching young athletes now feels like giving back.

What to expect:

Why volleyball taught her to trust deeply and lead better
How coaching helped her grow as a parent, teammate, and advisor
The surprising way she met her husband on the court
Real talk on time management, community, and staying inspired
And more!

Previous Episodes of Interest:

Connect with Nicole Romito:

Connect with Delaney Orozco:

LinkedIn: Delaney Orozco CFP®

About Our Guest:

Delaney has always had a passion for coaching others. Whether that be in sports or on their financial wellbeing, she loves being someone that people can go to for advice and help through times of adversity or times of joy. Delaney began as a mathematics major at VT and had planned to teach high school calculus and coach volleyball. As a junior, she decided she might want to do something different from teaching. She knew she could always coach as a hobby, but started her search for a career where she could help people with something that always seemed like a struggle for her own family growing up: the concept of money.

Delaney began in the financial services industry in 2015 as an Associate Advisor. Over my career, she has worked on being able to find the intersection of the day-to-day processes of the financial world and the bigger picture, planning to help clients achieve their Private Vista. She also deeply enjoys developing a guide for clients to help them navigate their psychology behind finance and the numbers they see on the page.

Supporting Families Through Aging Transitions with Jennifer Beach (Ep. 76)

Wed, 12 Nov 2025 09:00:00 -0500

When aging parents or loved ones need more care, families often face overwhelming choices.

How do you balance emotions with practical decisions? What resources exist to guide families through health, financial, and housing challenges?

In this episode of Dollar$ And $ense, Nicole Romito speaks with Jennifer Beach, Advanced Aging Life Care Professional™ at Advocate For Elders, LLC. She shares her experiences helping families manage transitions, from coordinating medical care to evaluating senior living communities, while highlighting the importance of advocacy and planning.

Key takeaways:

The role of an aging life care professional in supporting families through medical, financial, and emotional transitions
Why long-distance caregiving creates added challenges and how local advocates help bridge the gap
The importance of having a second set of eyes and ears at medical appointments
How to effectively evaluate senior living communities beyond the marketing pitch
The value of accreditation, ethics, and professional background when choosing an elder care resource
And more!

Previous Episodes of Interest:

Aging Parents: How to Start the Conversation – Part 1 (Ep. 74)
Aging Parents: What We Learned Caring for Our Parents – Part 2 (Ep. 75)

Connect with Nicole Romito:

Connect with Jennifer Beach:

About Jennifer Beach:

Jennifer Beach has 25 years of experience working with and advocating for older adults and their families. She has a Bachelor of Arts degree in Social Work from The Ohio State University and a Master of Arts degree in Sociology from Cleveland State University. Jennifer started her career working over 15 years with older adults with developmental disabilities. After additional training she soon began Advocate For Elders.

Jennifer is a licensed, insured Social Worker and an Advanced Aging Life Care® Professional. Jennifer served as the Midwest Chapter President of the Aging Life Care Association and served 7 years on the Board of Directors. In 2018, Jennifer was honored as the recipient of the ALCA Midwest Chapter Outstanding Member of the Year Award.

Jennifer is also a monthly contributor and author for Northeast Ohio Boomer and Beyond. IN 2022, she received first place in the Senior Issues Category at the North American Mature Publishers Association for her contribution to NE Ohio Boomer and Beyond.

Aging Parents: What We Learned Caring for Our Parents – Part 2 (Ep. 75)

Wed, 22 Oct 2025 09:00:00 -0500

When aging parents can no longer live on their own, emotions and logistics collide.

In this powerful 75th episode of Dollar$ and $ense, Nicole Romito is joined again by her Private Vista partners, Jeff Toner and Steve Merdinger, to share deeply personal and professional experiences navigating late-in-life transitions for aging parents.

From legal blind spots to Medicare rules that no one explains, this conversation peels back the complexity and reveals how essential sibling coordination and proactive conversations really are.

What to expect in this episode:

Real-life stories of navigating elder care for parents in different states
How to avoid missed insurance benefits and unexpected out-of-pocket costs
The hidden toll on the “default” caregiver sibling and how to support them
What Jeff wishes someone had told him before he dealt with hospice
And more!

Resources:

Aging Parents: How to Start the Conversation – Part 1 (Ep. 75)

Connect with Nicole Romito:

Connect with Steve Merdinger:

LinkedIn: Steve Merdinger ChFC®, CFP®

Connect with Jeff Toner:

LinkedIn: Jeffrey Toner ChFC®

About Jeff Toner:

Over the 30 years of doing this work, Jeff has lived many lives through my clients. He has been with them in moments of great joy and cried with them during their times of sadness. He has taught and educated them, but more importantly, he has been taught and learned from them as well.

As a father of three and business owner, Jeff enjoys an enriched life. He channels his time, talents, and energy between family and friends, clients and colleagues, as well as causes that provide a path for those without the opportunities he’s had. Now that Jeff’s children are becoming young adults, he is most excited to explore new directions for the next stages of his life.

About Steve Merdinger:

Steve has been a financial planner since the mid-80s, helping people consider priorities for themselves and their families, and then working closely with them to turn their hopes and dreams into reality. Before that, he worked in his family’s business, which gave him a unique understanding of the financial dynamics of family-owned businesses, including the issues of succession planning.

As I look to my future, Steve hopes to become more involved with mentoring students — perhaps becoming a trainer with the Positive Coaching Alliance organization. He would like to carve out more time for meditating and maintaining his fitness and flexibility through Bikram yoga. And, of course, spending more quality time with his wife and two children.

Aging Parents: How to Start the Conversation – Part 1 (Ep. 74)

Wed, 08 Oct 2025 09:00:00 -0500

Starting the conversation about a parent’s care isn’t easy, but it might be the most important discussion you ever have.

In this deeply personal episode, Nicole Romito is joined by her Private Vista partners Jeff Toner and Steve Merdinger for part one of a two-part series on navigating the emotional and practical challenges of aging parents who can no longer live independently.

Together, they reflect on their own family journeys and what they’ve learned from decades of guiding clients through this pivotal life moment.

What to expect:

Real stories of loss, transition, and tough family decisions
When and how to start the conversation before a crisis strikes
How power of attorney can (and should) come into play
Navigating sibling dynamics and keeping your parents’ voice central
And more!

Previous Episodes of Interest:

Connect with Nicole Romito:

Connect with Steve Merdinger:

LinkedIn: Steve Merdinger ChFC®, CFP®

Connect with Jeff Toner:

LinkedIn: Jeffrey Toner ChFC®

About Jeff Toner:

About Steve Merdinger:

College Admissions: Finding the Perfect Fit for Every Student (Ep. 73)

Wed, 24 Sep 2025 09:00:00 -0500

The college admissions journey can feel overwhelming for both students and parents. Between changing requirements, testing debates, and growing pressure to “stand out,” families are often left stressed and uncertain about what truly matters. In this episode of Dollar$ and $ense, Nicole Romito sits down with Mary O’Malley, co-founder of Union Hall Admissions Advising, to bring clarity to this process.

Mary shares how families can shift their focus from chasing prestige to helping students discover who they are and what they want from their education. She explains how early preparation, authentic experiences, and values-based choices can make the admissions process less about checking boxes and more about creating the right fit.

What to expect in this episode:

Why college admissions is about more than getting in, and instead about who you become along the way
The growing role of testing, extracurriculars, and demonstrated interest
How parents can support without overshadowing their child’s journey
Strategies for keeping students grounded and authentic in the application process

Connect with Nicole Romito:

Connect with Mary O’Malley:

About Our Guest:

Mary O’Malley is the co-founder of Union Hall Admissions Advising, an educational consulting firm that helps students and families navigate the high school and college admissions process. With a background in college counseling at the Latin School of Chicago and degrees from Knox College and Northwestern University, Mary brings a compassionate, straightforward approach that empowers students to stay authentic and confident throughout their journey.

Family Business Succession: Balancing Legacy and Relationships (Ep. 72)

Wed, 10 Sep 2025 09:00:00 -0500

What happens when a family business faces the question of “what’s next”?

In this conversation, Nicole Romito sits down with Justin Albertson, Vice President of Client Services at The Family Business Consulting Group, to unpack the delicate balance of transitioning a business while preserving family relationships.

Together, they explore why the family side of succession is often more complex than the legal or financial mechanics, and how thoughtful conversations can create alignment across generations. Justin shares real-world examples from successful transitions to tough moments of misalignment, highlighting the importance of open dialogue, clear expectations, and independent third-party guidance.

What to expect in this episode:

How to start the right conversations around succession and ownership
Why alignment on family values and expectations matters as much as legal documents
Lessons from families who navigated transition well and those who struggled
The role of a “family constitution” in creating clarity across generations

Connect with Nicole Romito:

Connect with Justin Albertson:

About Our Guest:

Justin Albertson is the Vice President of Client Services at The Family Business Consulting Group. With more than 20 years of experience in assessment, organizational effectiveness, leadership development, and executive coaching, he partners with families to strengthen relationships and create strategies that align business success with family vision.

From Stage to Strategy: How Improv Shaped a Financial Career (Ep. 71)

Fri, 29 Aug 2025 09:00:00 -0500

What happens when a strategy manager steps off the spreadsheet and into the spotlight? In this uplifting episode, Nicole Romito sits down with Private Vista’s own Michael Im, whose surprising love for performance arts like improv, acting, and choir has quietly shaped his approach to leadership, communication, and empathy in finance.

Michael shares how growing up in a creative Korean American household led him to karaoke nights, improv rooms, and eventually dramatic acting classes in Chicago. But this isn’t just about art. It’s about how performance challenges, emotional vulnerability, and active listening skills transfer powerfully into professional life. Whether it’s running strategic operations or connecting with clients, Michael’s creative lens offers a refreshing take on what it means to be fully human in the finance world.

What to expect in this episode:

How improv helped Michael build confidence and communication skills
Why singing in a choir taught him more than just harmony
The emotional intelligence behind acting and strategic planning
The value of showing up authentically (even if you’re off-key)

Connect with Nicole Romito:

Connect with Michael Im:

About Our Guest:

Michael Im is the Strategy Manager at Private Vista, where he helps streamline operations and empower advisors with more time for their clients. With a background in consulting and operations leadership, Michael also brings a unique creative edge shaped by his lifelong passion for performance arts.

The Joy of Birdwatching: How Sue Bolt Found Peace, Purpose, and Legacy in Nature (Ep. 70)

Wed, 06 Aug 2025 09:00:00 -0500

What started as a simple hobby has grown into a source of joy, peace, and connection for one of Private Vista’s Client Service Associates, Sue Bolt.

In this special lifestyle episode, Sue joins host Nicole Romito to share how birdwatching has become a grounding force in her life, from childhood memories with her father to creating new experiences with her grandchildren.

Sue opens up about how this passion deepened during the pandemic, how it serves as a form of mindfulness and mental wellness, and how it’s evolved into meaningful multigenerational bonding. From photographing bald eagles to chasing elusive owls, her story is a reminder that fulfillment isn’t just about finances — it’s about finding purpose in everyday passions.

What to expect in this episode:

How birdwatching became a multigenerational tradition in Sue’s family
The mental health benefits of finding peace in nature
Rare bird sightings that still bring her joy
Tips for anyone curious about birdwatching
And more!

Resources:

Merlin Bird ID

Connect with Nicole Romito:

About Our Guest:

After many years in the banking industry, Sue shifted to wealth management in 2002. She is part of the Customer Service Associate team as well as the main liaison for all Private Vista’s institutional custodians. Sue takes pride in the strong relationships that she has built over the last 20+ years. Through her daily interactions with clients, she does her best to ensure that she is meeting their needs promptly. She also enjoys problem-solving and the many challenges that her job brings her each day.

Sue loves the outdoors! Birds are her passion, both indoor birds and birds in the wild, so she has taken up bird and nature photography in her spare time. The peace and calm that forests bring her as she visits various locations looking for birds is a huge part of her Private Vista. Sue and her husband also very actively attend their grandchildren’s many sporting events and various other activities. The more time she can spend with their three adult children, their spouses, and their nine grandchildren, the better! Her Private Vista for future years is to have more free time to enjoy the outdoors and to be able to follow the grandchildren’s activities, wherever they may take them!

How Private Vista Can Help You Navigate Every Stage Of Wealth (Ep. 69)

Wed, 23 Jul 2025 09:00:00 -0500

Most people spend years preparing for retirement, but few feel fully prepared for what happens the day the paycheck stops.

In this special roundtable episode, host Nicole Romito sits down with Private Vista advisors Greg Williams, Miles Johnson, and Julian Bell to answer the real questions clients ask as they move through accumulation and into decumulation. From how much to save, where to save, how to optimize for taxes, and how to confidently withdraw income in retirement, the team breaks down complex financial topics into real-world advice you can actually use.

What to expect during this conversation:

How business owners can maximize qualified plan contributions to reduce taxes
Smart savings strategies for W-2 employees (including how to leverage HSAs)
What executives need to know about stock options, RSUs, and deferred compensation
How to replace your paycheck with tax-efficient withdrawals in retirement
And more!

Resources:

Connect with Nicole Romito:

Connect with Our Guests:

How to Plan a Core Memory Vacation with Byrd Bergeron (Ep. 68)

Wed, 09 Jul 2025 09:00:00 -0500

Some of life’s most meaningful moments aren’t about money—they’re about shared experiences.

In part two of this special series, host Nicole Romito welcomes back luxury travel expert Byrd Bergeron to explore how intentional travel can create lasting family memories that become part of your legacy.

Whether it’s grandparents bringing multiple generations together or parents planning once-in-a-lifetime trips for their children, Byrd shares insider tips for designing travel that feels personal, unforgettable, and worth every dollar.

What to expect in this episode:

Why one-on-one grandparent trips are becoming a legacy trend
Creative ways to engage kids in the planning process
How to design multi-generational travel that works for everyone
Why planning makes all the difference (and saves money)
And more!

Connect with Nicole Romito:

Connect with Byrd Bergeron:

About Our Guest:

Byrd is the CEO of a $ 13 million travel agency, revolutionizing the luxury travel space. Our innovative model redefines the role of travel agents by allowing them to focus on crafting bespoke experiences. At the same time, our specialized support staff manages the intricate details – from invoicing and dinner reservations to spa appointments and beyond.

Our commitment to curating exceptional itineraries is unwavering. Every booking undergoes a meticulous triple-check process, ensuring flawless execution and unforgettable journeys for our discerning clientele.

At the intersection of luxury and efficiency, we’re not just planning trips – we’re creating experiences that exceed expectations every single time.

5 Travel Mistakes to Avoid in 2025 with Byrd Bergeron (Ep. 67)

Wed, 25 Jun 2025 09:00:00 -0500

Most people love to travel, but not everyone knows how to do it well.

In this vibrant, story-filled episode, host Nicole Romito is joined by luxury travel expert Byrd Bergeron to reveal the five travel mistakes people are making and how to avoid them.

Byrd, the CEO of a thriving $13 million travel agency, shares eye-opening stories (including a pink penguin poop fact you won’t forget) and tactical advice for creating trips that are not only memorable but meaningful. From why early planning beats last-minute booking, to how understanding local events can make or break your itinerary, this conversation offers a fresh perspective on intentional travel—and its connection to living a legacy.

What to expect in this episode:

Why using a travel pro saves more than just time
A wild rule about cruise ships in Antarctica
What happens if you get sick overseas, and don’t speak the language
How travel can become part of your family’s legacy story
And more!

Connect with Nicole Romito:

Connect with Byrd Bergeron:

About Our Guest:

At the intersection of luxury and efficiency, we’re not just planning trips – we’re creating experiences that exceed expectations every single time.

Bonds, Tariffs, and Turbulence: How to Stay Grounded in a Shaky Economy with Bill Campbell (Ep. 66)

Wed, 11 Jun 2025 09:00:00 -0500

Ever wondered how the bond market could be your secret weapon in times of economic uncertainty? Strap in as Nicole Romito hosts Bill Campbell from DoubleLine in an eye-opening discussion on the oft-overlooked bond market and its role during turbulent times.

Bill dives into the complexities of the current economic landscape, unpacking the ripple effects of tariffs, debt management, and U.S. domestic policy on global markets. As this vibrant conversation unfolds, you’ll gain insights into how these factors can influence fixed income strategies and your investment portfolio’s stability.

Unraveling Tariff Impacts and Market Volatility [00:07:37]
Exploring Fair Reciprocation and Trade Goals [00:15:42]
Navigating Bond Markets Amidst Policy Changes [00:24:15]
The Global Currency Context and The Future of the Dollar [00:34:31]

Connect with Nicole Romito:

Connect with Bill Campbell:

About Bill Campbell:

Bill Campbell is a Portfolio Manager at DoubleLine Capital LP, where he co-manages the DoubleLine Global Bond Strategy and serves as a permanent member of the firm’s Fixed Income Asset Allocation Committee. With a focus on Developed Markets, CEEMEA (Central and Eastern Europe, Middle East, and Africa), and China, he plays a key role in shaping global fixed income strategy. Since joining DoubleLine in 2013, Bill has become a trusted voice in navigating complex macroeconomic environments and emerging market dynamics.

Prior to his tenure at DoubleLine, Bill built a robust background in investment management. He held roles at Peridiem Global Investors as a Global Fixed Income Research Analyst and Portfolio Manager, and previously worked at Nuveen Investments and John Hancock Financial. Bill holds a Bachelor of Science in Business Economics and International Business, as well as a Bachelor of Arts in English from Pennsylvania State University. Known for his sharp analytical skills and global perspective, he continues to be a leading figure in fixed income investing.

Uncovering Opportunity Beyond U.S. Borders with Matt McLaughlin (Ep. 65)

Wed, 28 May 2025 09:00:00 -0500

If you could buy a luxury car at half price overseas, would you hesitate? That’s how some investors view global markets right now.

Nicole Romito chats with Matthew McLaughlin, CFA, CAIA, from Diamond Hill on this all-new episode of Dollar$ and $ense. Listen as they explore the dynamics of international investing, shedding light on the overlooked value opportunities outside the U.S. Learn why international markets remain “on sale,” how geopolitical tensions (like Ukraine and Gaza) impact investor sentiment, and why active management is crucial when investing overseas.

From cultural differences in corporate governance to finding diamonds in undervalued regions, Matt offers a behind-the-scenes look at global investing strategies.

Key topics in this week’s release include:

Europe’s new defense and infrastructure spending initiatives [00:07:00]
Japan’s corporate governance reform [00:14:00]
China and India’s contrasting economic dynamics [00:16:30]
The implications of global trade deficits [00:24:00]
How international conflicts, like those in Ukraine and Israel, impact markets [00:28:00]
And more!

Connect with Nicole Romito:

Connect with Matthew McLaughlin:

About Our Guest:

Matt serves as a portfolio specialist for Diamond Hill and joined the firm in 2023.

Prior to joining Diamond Hill, Matt served in a number of roles, including vice president — research, for Harbor Capital Advisors from 2008 to 2016, portfolio specialist for William Blair Investment Management from 2016 to 2019, and senior vice president, regional investment consultant for Harbor Capital Advisors from 2019 to 2023. Matt has a Bachelor of Arts in finance and marketing from Loras College.

What You Need to Know About Divorce with Dr. Lydia Richardson (Part 2)

Wed, 14 May 2025 09:00:00 -0500

What role do emotions play in navigating divorce, especially when children are involved?

Nicole Romito from Private Vista is back with Dr. Lydia Richardson for part two of their series on dealing with divorce. While part one focused on self-care for adults, this installment dives into supporting children through the emotional ups and downs of their parents’ separation.

Dr. Richardson, a seasoned clinical psychologist specializing in family dynamics, brings her insights on minimizing the negative impacts of divorce on children. From establishing consistent routines to managing difficult conversations, this episode is packed with practical tips and candid discussions.

Key conversations include:

The impact of divorce on children of various ages [05:35]
Essential behaviors to avoid during this difficult time [06:22]
The importance of parental self-awareness and control [15:19]
Strategies for creating a stable environment during transitions [20:26]
Navigating co-parenting challenges while keeping kids’ best interests at heart [26:16]
And more!

Connect with Nicole Romito:

Connect with Dr. Lydia Richardson:

About Our Guest:

Lydia Richardson is a licensed clinical psychologist, Divorce Mediator, Collaborative Law Coach, and Child Specialist who has provided services to adults, couples, and families in a variety of settings since 2004. She is fluent in Spanish and Danish; her multicultural background enables her to bring cultural sensitivity and competence to all aspects of her work, and she is committed to fostering diversity and inclusion in all aspects of life. Her business experience in banking and finance gives her a unique perspective and ability to problem-solve effectively and work efficiently to help clients achieve their goals. She earned her B.A. from New York University (Economics/Politics) and worked in business and finance for several years before returning to school to study psychology. She earned her M.A. in industrial/organizational psychology and her doctorate in clinical psychology (both from Roosevelt University). She has worked extensively with the families of children with developmental disorders, in foster care, and with adolescents in juvenile detention. She is also trained in neuropsychological assessment of adults and children and has consulted to companies seeking executive coaching and team-building.

She is a Past President of the Collaborative Divorce Illinois (CDI) Board of Directors and continues to serve on the Board as the Vice President of Mental Health. She is passionate about and hopes to promote alternative dispute resolution and help facilitate less conflict in divorce so as to promote happier families and more productive co-parenting. She believes that families can transcend the difficulty of divorce and evolve into happy and productive individuals and co-parents. She is a member of other professional organizations, including the International Association of Collaborative Professionals (IACP), the Association of Family and Conciliation Courts (AFCC), and the American Psychological Association (APA). She also enjoys teaching graduate psychology courses at Roosevelt University in Chicago and providing consultation to other mental health professionals.

A native New Yorker, she has lived in Chicago for over 20 years and calls it home. She is the proud mother of three children who are all in graduate school now, forging their own futures as fellow peacemakers. In her spare time, she is outdoors as much as possible, biking, hiking, skiing, and walking the Chicago lakefront.

What You Need to Know About Divorce with Dr. Lydia Richardson (Part 1) (Ep. 63)

Wed, 30 Apr 2025 09:00:00 -0500

What if divorce didn’t have to mean devastation, but instead, became a path to healing, clarity, and even joy?

In this episode, Nicole Romito sits down with Dr. Lydia Richardson, a clinical psychologist and divorce mediator, to talk about what a “good divorce” really looks like.

Together, they explore the emotional weight of this life-altering decision and how you can honor both your personal truth and your future well-being.

If you’re standing at a crossroads in your marriage, know this: you’re not alone, and there is a way forward that centers your strength, your voice, and your vision for what’s next.

Key discussion points include:

Navigating the marathon of divorce with patience and self-awareness [00:06:34]
Finding joy in life post-divorce and breaking unhealthy patterns [00:16:42]
The difference between a coach and a therapist in the divorce process [00:25:29]
Utilizing a collaborative approach for a healthier transition [00:27:20]
And more!

Resources:

Connect with Nicole Romito:

Connect with Dr. Lydia Richardson:

About Our Guest:

2025 Medicare Updates with Carly Rosswurm (Ep. 62)

Wed, 02 Apr 2025 09:00:00 -0500

What do the latest Medicare changes mean for your future?

Join Nicole Romito and special guest Carly Rosswurm, Director of Medicare Solutions at Ash Brokerage, as they unravel recent updates to Medicare, the impact of the Inflation Reduction Act, and more. Carly brings 19 years of expertise in Medicare solutions and breaks down the essentials you need to know, whether you’re approaching 65 or advising a loved one.

Nicole and Carly discuss:

An update on the $2,000 cap on prescription drug costs [00:08:48]
The end of the donut hole in Medicare [00:10:55]
The CMS Final Rule’s influence on insurance commissions [00:14:28]
The capped insulin prices [00:16:52]
And more!

Resources:

Medicare Made Clear With Carly Rosswurm (Ep. 20)

Connect with Nicole Romito:

Connect with Carly Rosswurm:

About Our Guest:

Carly Rosswurm is the Director of Medicare Solutions at Ash Brokerage. Carly graduated from Indiana University with a degree in business and a concentration in marketing. Since then, Carly has always focused on the realm of Medicare. She has been Life & Health licensed for 17 years, and has experience in Medicare marketing, contracting, compliance, continuing education, and sales.

With the Medicare Modernization Act of 2003, Carly first got involved in Medicare when the Part D plans were first mandated, and Medicare Advantage plans were first coming into the market. Through continuing education courses, Carly has offered licensed agents and advisors classes on the importance of knowing Medicare basics, along with the difference between Medicare Advantage plans versus traditional Medicare Supplements.

How Economic Data Shapes Our Financial Outlook with Ben Audley

Wed, 12 Mar 2025 09:00:00 -0500

How Economic Data Shapes Our Financial Outlook with Ben Audley

Why Insurance Coverage Matters More Than Ever

Wed, 12 Feb 2025 09:00:00 -0500

Are you financially prepared for nature’s curveballs?

Nicole Romito sits down with Courtney Eber, Vice President of Alliant Private Client, and Tyler Banks, Executive Vice President of Alliant Client Insurance, to break down the challenges and strategies surrounding personal risk management in the face of climate change. They delve into how extreme weather patterns are changing the landscape of insurance policies and what precautionary steps affluent families can take to safeguard against unexpected losses.

Courtney and Tyler discuss:

The importance of having comprehensive coverage: [00:11:15]
Proactive measures to mitigate risk: [00:05:48]
The impact of climate change on insurance premiums: [00:13:31]
Higher deductibles and self-insurance considerations: [00:15:46]
Navigating liability exposures in our digital age: [00:19:17]
And more

Empowering Your Financial Future Post-Divorce

Wed, 12 Feb 2025 09:00:00 -0500

What’s the biggest issue in a divorce? Hint: It’s not the relationship.

Nicole Romito welcomes her colleague Delaney Orozco, CFP®, back to the show to dive into the complex world of managing finances during a divorce. With a focus on empathy and practical advice, Nicole and Delaney outline a three-phase approach to help listeners navigate this challenging life event.

Nicole and Delaney discuss:

The importance of building a support team
Why you should call your financial advisor once divorce has been determined
Emotional aspects of financial assets: from pensions to your home
Gathering data and understanding your financial picture
Looking ahead: crafting the vision for your future life post-divorce
And more

2025 Market Projections with Jeremy Bell (Ep.58)

Wed, 01 Jan 2025 09:00:00 -0500

How did the markets dance through 2024, and what’s on the horizon for 2025?

Nicole Romito and Jeremy Bell, Chief Investment Officer at Conway Investment Research, reflect on the financial landscape of 2024. They discuss the performance of U.S. equity markets, the volatility in fixed income, and the outlook for 2025. They emphasize the importance of a strategic investment plan, diversification, and staying invested for the long term despite market fluctuations.

Nicole and Jeremy discuss:

U.S. Equity Market Overview: A year of strong performance amid global noise
Insights into the Fixed Income Market: Navigating interest rate volatility
2025 Projections: Opportunities in U.S. equities and asset class rankings
Investing Strategies: Timing the market and risk management
And more

Connect with Nicole Romito:

Connect with Jeremy Bell:

About Our Guest:

Jeremy is a Principal and Chief Investment Officer for Conway Investment Research, LLC. He joined the firm in 2011 and chairs Conway’s Investment Committee which establishes the firm investment philosophy and process and ultimately oversees the implementation of recommendations made to clients. In addition to leading Conway’s research effort, Jeremy’s primary responsibilities include capital markets research, asset allocation modeling, alternative investment manager due diligence, and management of key client relationships.

Finding Purpose Beyond Financial Independence with Jeff Toner (Ep. 57)

Wed, 11 Dec 2024 09:00:00 -0500

Are you navigating the maze of financial security but unsure of what’s next when you reach your goals?

Nicole Romito, alongside Jeff Toner, CHFC®, RICP®, Partner at Private Vista, dives into the less-discussed side of financial planning—how to find purpose and meaning after achieving financial independence. Listen as they explore the big questions clients face once their financial goals are met, and how to prepare for the next chapter.

Gain insight as Nicole and Jeff discuss:

The shift from financial security to finding purpose
How being financially independent changes your life
Why it’s not just about retiring; it’s about evolving
How to navigate the journey with no one-size-fits-all answers
And more

Resources:

Estate Planning for the Sandwich Generation with Jeff Toner (Ep. 34)
Designing Your Life: How to Build a Well-Lived, Joyful Life by Bill Burnett and Dave Evans
The Second Mountain: The Quest for a Moral Life by David Brooks

Connect with Nicole Romito:

Connect with Jeff Toner:

About Our Guest:

Jeff Toner, Partner at Private Vista, now almost 40 years into his career, has the luxury of looking backward and reflecting on the journey he has been on. Back in 1984, he didn’t know what a fiduciary was or what a financial planner did. What he did know was he wanted to help people with their finances and achieve their goals in life. He wanted to do it in a way that he wasn’t selling them a product but rather walking side by side with them as they moved toward their dreams. Jeff has been with them in moments of great joy and cried with them during their times of sadness. He has taught and educated them, but more importantly, he has been taught and learned from them as well.

Transform Stress into Success With Brendan Cournane (Ep. 56)

Wed, 27 Nov 2024 09:00:00 -0500

Stress can help you thrive (to a certain degree).

Join Nicole Romito as she chats with professional development coach Brendan Cournane to uncover the surprising truths about stress. Through relatable insights and personal stories, they explore practical strategies for managing stress, especially during high-pressure times like the holiday season and year-end.

Key takeaways from this episode include:

The different types of stress and why not all stress is bad
Personal and professional stress management techniques
How stress can affect relationship dynamics
Simple practices to help transition between work and personal life
And more

Previous Episode of Interest:

Finding Calmness During The Holidays With Brendan Cournane (Ep. 33)

Connect with Nicole Romito:

Connect with Brendan Cournane:

About Our Guest:

Brendan Cournane has served as a partner in a national law firm and various roles in the public sector, including general counsel of the Illinois finance authority. He has seen the malaise and burnout effects of what happens when one’s core values do not align with one’s profession. As a recovering lawyer, he is now a professional development coach helping his clients understand why they do what they do in life, and he helps them align their core values with how they work and live a happier life. Brendan is a certified professional coach and leadership dynamic specialist, as well as a long-time practitioner of mindfulness and meditation, and is a firm believer that happiness is a present attitude, not a future condition.

The Risks of a Concentrated Portfolio With Randy Porzel (Ep.55)

Wed, 13 Nov 2024 09:00:00 -0500

How do you manage concentrated stock portfolios? With the tech industry thriving, many investors are discovering that their portfolios are heavily reliant on a few major tech stocks, making it a challenging landscape to navigate.

Nicole Romito converses with her colleague Randy Porzel, CFP®, and RICP® from Private Vista. Together, they explore the intricacies of concentrated stock positions and their potential effects on your financial future. They discuss effective methods for assessing your stocks, examine strategies to mitigate overexposure, and share insights on how to maintain a robust financial plan.

Gain insight as this episode highlights:

The risks of concentrated stock positions and their impact on your financial plan
Effective strategies for diversifying a portfolio and reducing risk
The unique benefits of strategic gifting and charitable donations using stock
Tax considerations and how to leverage capital losses
And more

Connect with Nicole Romito:

Connect with Randy Porzel:

About Our Guest:

Randy Porzel’s financial services career began in 2006 as an intern and has worked his way up through every job at Private Vista. Randy has spent hours in meetings with clients, asking questions, and observing. He learned to recognize expectations, a client’s need for clarity, and how without it, there might exist an anxious future. It’s why Randy enjoys taking his clients through Private Vista’s planning process, using Private Vista’s tools that answer their questions and clear any uncertainty so that his clients can look forward to their idea of an enriched life.

Building Your Financial Dream Team with Greg Bogdan (Ep.54)

Wed, 23 Oct 2024 09:00:00 -0500

Assembling a smart financial team could be the key to your long-term financial success.

Financial planning isn’t just about the numbers; it’s about orchestrating a professional team that grows with you, helping further secure your financial future and peace of mind.

Nicole Romito sits down with Greg Bogdan, Senior Advisor at Private Vista, to discuss why having a well-rounded financial team is crucial. Learn the importance of avoiding a “team of one,” how to integrate your financial, legal, and tax advisors, and real-life stories illustrating the impact of a coordinated approach.

The importance of a complete team: Understand why a single advisor may not be enough to cover complex financial needs.
The value of proactive planning and why regular updates are essential
Examples of how a coordinated team has simplified estate settlement and major financial decisions
How to start building your financial team today

Connect with Nicole Romito:

Connect with Greg Bogdan:

About Our Guest:

With a busy, young family, outside of work and in between shuttling their girls (ages 7, 5, and 1) between activities, Greg, and his wife, Christi, enjoy cookouts and entertaining with their friends and family. During the summer months, they’re often found at nearby parks, going on walks with their dog, Clancy, or riding bikes as a family. They most enjoy summer vacations on the beaches of Cape Cod and the shores of Michigan. In the future, My Private Vista is to explore the country and instill their love of traveling in their girls.

Managing Financial Markets During The Elections With Jeremy Bell (Ep.53)

Wed, 09 Oct 2024 09:00:00 -0500

As the U.S. elections approach, many investors find themselves questioning whether to adjust their portfolios in anticipation of potential market changes.

Nicole Romito is joined by Jeremy Bell, Chief Investment Officer for Conway Investment Research, to discuss the impact of US elections on financial markets and how to navigate the resulting volatility. With elections just weeks away, the conversation delves into whether you should adjust your portfolio in anticipation and explores if market performance favors one political party over another.

Jeremy discusses:

The importance of maintaining a long-term strategic investment plan regardless of election outcomes
Historical performance data showing the minimal impact of a political party on market returns
The role of the Federal Reserve and its recent actions in maintaining economic stability
Key economic indicators to watch and how they influence market predictions
And more

Connect with Nicole Romito:

Connect with Jeremy Bell:

About Our Guest:

Financial Planning for Medical Professionals with Stephanie Nanney – Part Two (Ep. 52)

Wed, 25 Sep 2024 09:00:00 -0500

Did you know medical professionals typically face over $200,000 in student loan debt upon completing their education?

This significant financial burden, paired with a delayed start in their earning potential, makes financial planning uniquely challenging.

In this second part of Nicole Romito and Stephanie Nanney’s conversation about financial planning for medical professionals, they dive deeper into the unique circumstances surrounding their financial landscape. Learn tips for managing substantial student debt, balancing personal and professional financial goals, and preparing for large salary changes.

Nicole and Stephanie discuss:

Managing large student debt and balancing it with other financial goals like buying a home or investing in a practice.
The importance of disability insurance and the different policy options available for medical professionals.
Navigating the fluctuating income streams typical for medical professionals.
A need for collaboration with CPAs, attorneys, and other professionals to ensure comprehensive financial health.
And more!

Resources:

Connect with Nicole Romito:

Connect with Stephanie Nanney:

LinkedIn: Stephanie Nanney

About Our Guest:

Having grown up around the financial services industry, Stephanie Nanney, CFP®, CPFA, knows the value of long-term relationships with clients and the work and reward that comes with helping those clients, and their families, achieve financial goals. Stephanie’s primary goal in helping clients is to listen to them and establish a genuine partnership, providing a strong foundation of financial knowledge that is crucial to achieving their goals. Ultimately, witnessing her clients achieve their Private Vista is the most rewarding aspect of her work.

Financial Planning for Medical Professionals with Stephanie Nanney – Part One (Ep. 51)

Wed, 11 Sep 2024 09:00:00 -0500

Contrary to popular belief, earning a salary as a medical professional can sometimes cap your financial growth.

Exploring different compensation models could open doors to greater control and profitability.

Join Nicole Romito as she sits down with her partner at Private Vista, Stephanie Nanney to peel back the layers of financial planning for medical professionals, providing insights into compensation structures, retirement planning, and the critical decisions that can shape your financial well-being. By listening, you’ll gain valuable knowledge on how medical professionals are paid, the importance of understanding compensation structures, and strategies to maximize your financial security.

Nicole and Stephanie discuss:

Compensation structures for hospital employees vs. private practice professionals.
Contractual considerations for medical professionals regarding salary, bonuses, and benefits.
Designing retirement plans to maximize pre-tax savings for medical practice owners.
The evolving trend of private practice ownership and its financial and tax implications.
And more!

Resources:

Connect with Nicole Romito:

Connect with Stephanie Nanney:

LinkedIn: Stephanie Nanney

About Our Guest:

Tips for Estate Planning With Lindsey Markus (Ep. 50)

Wed, 28 Aug 2024 09:00:00 -0500

Navigating the complexities of estate planning can feel overwhelming, and many of us are uncertain about how to initiate this crucial conversation with our families

But don’t let your fears of the unknown stop you from planning this important piece of your legacy.

Join guest Lindsey Markus, Asset Protection Attorney and Shareholder Principal at Chuhak & Tecson, P.C. as she shares tips for navigating hard conversations around estate planning. Through personal anecdotes and professional guidance, learn how to guide your loved ones to be well-prepared and honor your wishes.

Nicole and Lindsey discuss:

The complexities of estate planning in blended families and first marriages
Equitable distribution vs equal distribution
Strategies to prevent family conflicts when estate planning
The importance of ongoing review and updates in estate plans
And more

Resources:

A Gift For The Future by Lindsey Paige Markus
How Can Donor Advised Funds Be Used For Estate Planning With Sean Julian (Ep. 27)
Action Steps After Loss With Delaney Orozco (Ep. 45)
How to Prepare for the Death of a Loved One With Carrie Shoener (Ep. 46)

Connect with Nicole Romito:

Connect with Lindsey Markus:

About our Guest:

Lindsey Paige Markus is a licensed attorney in the state of Illinois, Florida, and New York. Lindsey concentrates in the areas of estate planning, asset protection, wealth transfers, and taxation. Lindsey works with business owners and families to formulate succession plans, advise in wealth preservation and various aspects of gift and estate taxation.

Lindsey is also a collaborative law fellow and consults on the estate planning and estate tax implications associated with marriage and divorce.

Passionate about educating clients and advisors, Lindsey has published more than 30 articles. In addition, Lindsey speaks regularly on estate planning, wealth protection, corporate and non-profit issues to groups and through a variety of media appearances.

REPLAY: Everything You Need To Know About 529 Plans With Colleen Dwyer (Ep. 49)

Wed, 14 Aug 2024 09:00:00 -0500

Have you heard of the 529 plan?

It could be your new key to unlocking a brighter future for your kids while being financially efficient.

Join Nicole Romito as she and her colleague, Colleen Dwyer share the essentials of 529 plans, the tax advantages they offer, and how they can be an integral part of securing the educational futures of your children or grandchildren. Follow along to learn who can contribute, what expenses qualify, and the benefits of starting early.

Nicole and Colleen discuss:

What a 529 plan is and how the money invested in it can be used
Differences between state-specific plans and strategic decisions
Who and what qualifies for a 529 plan
The tax and financial benefits of a 529 plan and how to set them up properly
And more

Connect with Nicole Romito:

Connect with Colleen Dwyer:

About Our Guest:

Colleen Dwyer’s financial services career began in 2018. As a financial advisor at Private Vista, she develops trusted relationships with clients and collaborates to build a plan that creates financial confidence and independence. She enjoys working with a dedicated and experienced team to deliver personal and critical advice and service, so her clients can be successful both financially and personally.

Colleen loves to spend quality time with her friends and family, and actively participate in her community. She lives with her husband in Lincoln Park and enjoys all the city has to offer – frequent bike rides and trying new restaurants. When not in Chicago, she spends time in Michigan and the western suburbs visiting family. Colleen also loves to travel and looks forward to checking places off her bucket list when she can.

SPECIAL FEATURE: The Divorce and Beyond Podcast: Expensive Mistakes Made in Complex Property Division (Ep. 48)

Wed, 24 Jul 2024 09:00:00 -0500

Are you going through a divorce and need some financial wisdom?

Recently Nicole Romito was a guest on The Divorce and Beyond Podcast with Susan Guthrie. Today’s episode features a replay of an insightful conversation that delves into complex financial issues during and after divorce. Gain insights on matters that arise during divorce – including whether or not to keep the house, how to find hidden assets, and the importance of having an advisor as part of your divorce team.

Learn essential tips to avoid costly mistakes and gain a deeper understanding of financial planning in the context of divorce.

Topics include but are not limited to:

The role of a financial advisor in the early stages of a divorce
Tax implications and true walkaway values from investments
Complexities of dividing retirement plans, pensions, 401(k)s, and other assets
Navigating executive compensation and ensuring a fair division
And more

Resources:

Expensive Mistakes Made in Complex Property Division Cases with Divorce Financial Professional Nicole Romito on The Divorce and Beyond Podcast #308

Connect with Nicole Romito:

Connect with Susan Guthrie:

About Susan Guthrie:

Susan Guthrie, a renowned figure in Family Law and Mediation, has guided individuals and families through separation and divorce for 32 years. She recently co-founded the Mosten Guthrie Academy with mediation expert Forrest “Woody” Mosten, offering cutting-edge training for legal and mediation professionals.

As Chair-Elect of the ABA Section of Dispute Resolution, Susan is poised to lead the Section in the upcoming bar year. Internationally recognized for her expertise in online mediation and AI in law, she has trained over 25,000 professionals worldwide, including programs for ABA, ADRIC, and NADN.

Recipient of the 2020 L. Randolph Lowry Award from the Southern California Mediation Association, Susan also serves on the Executive Committee of the Online Mediation Training Task Force. Additionally, she hosts two acclaimed podcasts, The Divorce & Beyond® Podcast and “The Make Money Mediating Podcast”.

REPLAY: Mastering Your Finances: Tips for Young Adults with Carrie Shoener (Ep. 47)

Wed, 10 Jul 2024 09:00:00 -0500

Jumping into managing your finances can be overwhelming, especially straight out of college.

But don’t worry, this week on Dollar$ and $ense we are replaying a popular episode that includes an insightful conversation about how young adults can build healthy financial habits.

Join Nicole Romito as she chats with Carrie Shoener (nee Mangan) about the importance of saving and investing, tips for maximizing employer contributions to a 401(k), and diversifying retirement savings across different accounts.

Gain insight into:

401(k)s, including contribution levels, employer matching, and pre-tax deductions
The top 3 tips for getting started with investing
Rules of thumb for housing costs
Target Date Funds and how they may help you diversify your portfolio with less risk
The importance of having an emergency fund
And more!

Resource:

How to Prepare for the Death of a Loved One With Carrie Shoener (Ep. 46)

Connect with Nicole Romito:

Connect with Carrie Shoener:

About Our Guest:

Carrie Shoener is an advisor at Private Vista LLC. Her previous work as a high school teacher emphasized how important it is to build strong relationships as the cornerstone of one’s career. That same principle guides her work as an advisor, where she is able to continue helping people solve problems and make empowered decisions about their futures. Carrie sees her role as a trusted and empathetic source of financial education, and she enjoys working with clients to build up their knowledge and understanding of their options.

How to Prepare for the Death of a Loved One with Carrie Shoener (Ep. 46)

Wed, 26 Jun 2024 09:00:00 -0500

Reflecting on the loss of a loved one is an agonizing journey nobody willingly embarks on.

Yet, those who take proactive steps to brace themselves for such an inevitable occurrence are often spared the crippling weight of financial burden and the relentless onslaught of emotional upheaval in the aftermath.

Join Nicole Romito as she welcomes her esteemed colleague, Carrie Shoener, to discuss the critical but often overlooked topic of preparing for the death of a loved one. Despite the difficulty, it is essential to have these conversations to ensure that everything is in order and wishes are understood.

Learn key steps and best practices as Nicole and Carrie discuss:

How to approach the end-of-life conversation with your loved ones
Strategies for ensuring family members have access to essential documents and passwords
The importance of having updated financial and estate planning documents
Tips for sharing sensitive topics with family members to avoid future conflicts
And more

Resources:

How to add a Legacy Contact for your Apple ID
Honoring Your Loved One’s Memory With Alexandra Koys (Ep. 19)
Mastering Your Finances: Tips for Young Adults with Carrie Shoener (Ep. 21)
Action Steps After Loss With Delaney Orozco (Ep. 45)

Connect with Nicole Romito:

Connect with Carrie Shoener:

About Our Guest:

Action Steps After Loss with Delaney Orozco (Ep. 45)

Mon, 17 Jun 2024 09:00:00 -0500

Despite the certainty of life’s endpoint, many individuals find themselves unprepared for the emotional and financial implications when a loved one suddenly passes away.

Do you have the right people and processes in place?

Join Nicole Romito and guest Delaney Orozco for an insightful dive into the complexities surrounding the sudden death of a loved one, providing knowledge and compassion for those faced with this challenging situation. From establishing a “key person” to assist with the immediate steps to engaging in self-care practices and managing financial protocols, this episode offers support, guidance, and actionable tips for navigating through one of life’s most difficult times.

Nicole and Delaney discuss:

The importance of identifying a “key person” for immediate and supportive action
Developing practical checklists for financial and personal affairs
The significance of self-care and seeking emotional support during the grieving process
The different roles of importance such as trustees, executors, and powers of attorney
And more

Resources:

Connect with Nicole Romito:

Connect with Delaney Orozco:

About Our Guest:

Credit Building Essentials with Kenneth Ashford (Ep. 44)

Wed, 22 May 2024 09:00:00 -0500

Ever wondered how your credit score affects your life beyond loans and credit cards?

Join Nicole Romito alongside relationship banker at Wintrust Bank, Kenneth Ashford for a deep dive into the far-reaching effects of credit. From the basics of starting your credit journey to advanced strategies for maximizing your score, Kenneth sheds light on the critical role credit plays in financial health and decision-making. Follow along for a comprehensive overview, essential for anyone looking to enhance their financial literacy and navigate the credit landscape effectively.

Nicole and Kenneth discuss:

The importance of establishing a healthy credit foundation early on
Key components that impact your credit score and tips on how to improve it
Common myths about credit and how to avoid misuse
Real-life implications of credit scores on renting apartments, securing loans, and more

Resources:

Annual Credit Report

Connect with Nicole Romito:

Connect with Kenneth Ashford:

Wintrust Bank
LinkedIn: Kenneth Ashford
Email: kashford@wintrust.com

About Our Guest:

Kenneth Ashford is currently a relationship banker and officer at Wintrust Bank. However, his professional journey spans over four decades, predominantly in customer service roles, showcasing his extensive background in the field.

Strategies for Maximizing Executive Compensation with Matt Parenti – Part Two (Ep. 43)

Thu, 09 May 2024 09:00:00 -0500

In this final installment of this two-part series, host Nicole Romito and guest Matt Parenti delve into executive compensation, providing valuable insights for navigating this complex realm. They discuss essential strategies for maximizing compensation plans, minimizing risk, addressing tax implications, and integrating these elements into long-term financial planning to achieve personal goals.

Nicole and Matt discuss:

Strategies to maximize different executive compensation plans
Techniques for reducing exposure in equity and share investments
Tax implications related to various compensation components
Aligning executive compensation with long-term financial planning and charitable giving
And more

Resources:

Strategies for Maximizing Executive Compensation with Matt Parenti – Part One (Ep. 42)

Connect with Nicole Romito:

Connect with Matt Parenti:

About Matt Parenti:

Matt Parenti is a seasoned financial planner specializing in assisting corporate executives, startup entrepreneurs, and business owners. With a focus on legacy planning, Matt ensures his clients’ financial security and longevity. He is deeply committed to building meaningful relationships, both professionally and personally. As Chair of the Growth & Marketing Committee at his firm, he emphasizes the importance of the “Private Vista Experience” for clients and colleagues alike. He holds a Bachelor’s Degree in Consumer Economics and a Minor in International Studies from the University of Illinois Urbana-Champaign, along with a Master’s Degree in Finance from the University of Notre Dame.

Outside of work, Matt treasures time with family and friends, enjoys outdoor activities, and seeks to share his knowledge through mentorship and teaching.

Strategies for Maximizing Executive Compensation with Matt Parenti – Part One (Ep. 42)

Wed, 08 May 2024 09:00:00 -0500

Are you a corporate executive navigating the complexities of executive compensation?

Follow along in this installment as Nicole Romito is joined by Matt Parenti a fellow partner at Private Vista. Learn the ABCs of executive compensation and how to maximize your compensation plans for financial success and security in today’s ever-evolving market landscape.

Nicole & Matt discuss:

Different ways corporate executives are compensated
Challenges and considerations faced by executives
Managing company stock and deferred compensation plans as part of a financial strategy
And more!

Connect with Nicole Romito:

Connect with Matt Parenti:

About Matt Parenti:

Outside of work, Matt treasures time with family and friends, enjoys outdoor activities, and seeks to share his knowledge through mentorship and teaching.

Living Your Fulfilled Life With Julie Liss (Ep. 41)

Fri, 12 Apr 2024 09:00:00 -0500

When thinking about your financial plan, are you focusing on the serious aspects and how adult the conversation is? Or are you adding in some humor to create a more fulfilling retirement plan?

In this episode, Nicole Romito speaks with Julie Liss, Chief Strategy Officer and Managing Director at Hal Riney, on the importance of incorporating humor into financial strategies and focusing on present joy and fulfillment rather than solely retirement and financial numbers. They explore the importance of creativity, managing a busy schedule, remote work, community, and the freedom that wealth can bring.

Nicole and Julie discuss:

The importance of humor and not taking financial life too seriously
Why advisors and their clients should have discussions about the client’s life beyond careers and finances
Redefining what retirement means beyond leaving the job
How to balance a busy schedule with personal time for creativity
And more

Connect with Nicole Romito:

Connect with Julie Liss:

LinkedIn: Julie Liss

Preparing for the Sale of Your Business: Part 3 With Matthew Hammer & Dawn Mase (Ep. 40)

Thu, 28 Mar 2024 09:00:00 -0500

Are you grappling with the complexities of selling your business, unsure of where to start or how to navigate the process?

In this enlightening episode, Nicole is joined by seasoned professionals, Matthew Hammer and Dawn Mase from Wintrust Commercial Banking, to shed light on the intricacies of selling a business. Through their experiences and insights, they demystify the process and provide valuable advice to help business owners overcome different hurdles to successfully exit their business and leave it in the right hands.

Nicole, Matthew Hammer & Dawn Mase discuss:

Different ways to exit your business
Selling to strategic investors, financial investors, or through private sales
Structuring the sale transaction
Overcoming common pitfalls
Key components of the sale transaction, ie earnouts, rollover equity, and working capital adjustments
Continuing involvement post-sale
And more

Resources:

Connect with Nicole Romito:

Connect with Matthew Hammer:

About Matthew:

Matthew Hammer is a Group Senior Vice President & Division Manager in Wintrust’s Commercial Bank managing Chicago-based middle market privately held businesses. Matt has 21 years of commercial banking experience, including helping lead Wintrust’s growth since 2013 with diverse experience with manufacturing, distribution, and service companies.

Matt has a Bachelor’s Degree from Purdue University, Krannert School of Management with a focus in Finance and Marketing. Matt is an Evans Scholar alum and active in various leadership positions within the Western Golf Association and Purdue University Chapter. Before joining Wintrust in 2013, Matt worked for LaSalle Bank and its successor Bank of America for 10 years.

Connect with Dawn Mase:

About Dawn Mase:

Dawn Mase is a Senior Vice President in Wintrust’s Commercial Bank where she serves as relationship manager identifying and developing new client relationships and providing comprehensive solutions to existing client relationships. Dawn has over 25 years of commercial banking experience in cash flow and collateralized lending, primarily to privately held companies covering a broad spectrum of industries. She has experience in many areas including financing, domestic and international treasury management, investment management, trade and FX, asset-based lending, equipment finance, derivatives as well as syndicated finance.

Dawn earned a bachelor’s degree in business from Illinois State University with a focus in finance. She has been actively involved in mentoring young bankers throughout her career. Prior to Wintrust, she worked for JPMorgan Chase within their capital markets group. She specialized in syndicated finance and private placements and was Series 7 licensed.

Preparing for the Sale of Your Business: Part 2 With Deanna Salo and Eric Vanderploeg (Ep. 39)

Wed, 27 Mar 2024 09:00:00 -0500

Whether you’re at the onset of selling your business or simply exploring your options, knowing what to look out for can help you make informed decisions.

In this episode, Nicole is joined by Deanna Salo Managing Principal with Cray Kaiser, and Eric Vanderploeg of Burke, Warren, MacKay & Serritella’s Litigation to share their wealth of knowledge and practical tips to guide you through the process.

Join us for an insightful discussion on the legal, tax, and financial considerations when preparing to sell your business.

Nicole, Eric & Deanna discuss:

The importance of involving professionals early in the sale process.
The critical role of corporate agreements.
The importance of accurately valuing the business.
Involving key employees to protect the value of the business.
And more

Resources:

Preparing For The Sale of Your Business: Part 1 with George Karavattuveetil (Ep. 38)

Connect with Nicole Romito:

Connect with Eric VanderPloeg:

Connect with Deanna Salo:

About Deanna:

Deanna Salo has been with Cray Kaiser for over 35 years, where she specializes in mergers, acquisitions, shareholder disputes, and ensuring strong agreements for companies. However, she emphasizes the personal impact of each engagement, viewing them as connections with individuals or families.

Starting at Cray Kaiser in 1986 after graduating from the University of Arizona, Deanna has grown alongside the firm, which values a people-centric approach. As a Principal since 2001 and Managing Principal since 2021, she provides assurance, strategic, and tax planning services, particularly focusing on closely held and family-owned businesses and nonprofits.

Deanna also leads Cray Kaiser’s relationship with DePaul University’s Entrepreneur and Family Business Council and is highly accessible to its members due to her dedication to their success.

About Eric:

Eric P. VanderPloeg is a partner at Burke, Warren, MacKay & Serritella, P.C. Mr. VanderPloeg is a member of the firm’s Automotive Franchise, Litigation, and Consumer Financial Services Litigation practice groups.

Eric started his career as a litigator, and he has handled an array of commercial matters in both state and federal court in several states and jurisdictions. In addition to handling disputes, Eric now also acts as general counsel to businesses in several industries, providing advice on legal matters, including contractual, employment, regulatory, and corporate governance matters.

In 2016, 2017, 2018, 2019, and 2020, Mr. VanderPloeg was named as a Rising Star by Super Lawyers®, an attorney rating service from Thompson Reuters.

Preparing for the Sale of Your Business: Part 1 With George Karavattuveetil (Ep. 38)

Fri, 01 Mar 2024 09:00:00 -0500

So you’re ready to sell your business or have been thinking about selling for a while, now what?

In this two-part episode, Nicole speaks with George Karavattuveetil, President of Psyched, LLC, about how to prepare yourself to sell your business. George shares his 3-step process to help business owners get ready to sell. Nicole and George draw attention to the lack of understanding and preparation among business owners for the emotional impact of selling their business, and the shift in private equity firms’ interest in long-term views when purchasing businesses. They go on to emphasize the importance of managing emotions during the sale of a business, and the value of teamwork and professional advice during the transition.

Nicole and George discuss:

Emotional and psychological aspects of preparing to sell a business
Prioritizing goals and values when seeking a buyer
Private equity firms’ interest in long-term views when purchasing businesses
And more

Resources:

Connect with Nicole Romito:

Connect with George Karavattuveetil:

About George Karavattuveetil:

George Karavattuveetil is the President of Psyched, LLC. His unique experience has provided him with opportunities to gain critical perspectives of employees and management, entry-level and executive, within union and non-union environments, and across nearly every industry and functional classification. His success has always been with people. George’s goal is to maximize individual and team performance. Not in comparison to others, but relative to what one is capable of.

Municipal Bonds Unveiled With Matt Bernardi (Ep. 37)

Fri, 01 Mar 2024 09:00:00 -0500

There is a big part of the investing world that doesn’t get as much news as equity markets.

But it should.

In this installment of Dollar$ and $ense, Nicole is joined by Matt Bernardi from Bernardi Securities. Together, they demystify the municipal bond market, a key component in funding local infrastructure projects that are vital to our communities. Matt and Nicole expand on how today’s market has weathered the storm of the COVID-19 crisis and the role of stimulus funds in ensuring municipal stability. The discussion extends to the broader economic context, including consumer spending patterns and the Federal Reserve’s monetary policy, to illustrate their impact on the bond market.

With this episode, you will gain insight into:

The significance of the municipal bond market
Resilience and adaptability of municipal credit during and after COVID-19
How the Federal Reserve’s actions impact the municipal bond market
Pension liabilities and the potential effects of quantitative tightening on bond portfolios
And more

Resources:

Connect with Nicole Romito:

Connect with Matt Bernardi:

About Our Guest:

Matt Bernardi joined Bernardi Securities in August of 2013 after trading for 3 years at Chesapeake Partners, a hedge fund located in Baltimore, Maryland. Matt currently assists individuals, pension funds, banks, and other institutions regarding their municipal bond portfolios. He graduated from Johns Hopkins University in 2010 with a B.A. in history and economics minor. Matt currently holds the Series 7, 24, 27, 52, 53, 63, and 65 licenses, serves on the Union League Boys & Girls Club investment committee, and is past President of the Associate Board.

Building Your Team for a Successful Divorce Process With Susan Guthrie (Ep. 36)

Wed, 24 Jan 2024 09:00:00 -0500

Divorce is an emotional time for both spouses, but it’s important not to let emotions control the process. How can you build the best team for your divorce?

In this episode, Nicole Romito speaks with Susan Guthrie, a family law attorney, about the intricacies of divorce. They emphasize the value of a collaborative approach over litigation and the importance of assembling a professional team, including attorneys, financial advisors, and mental health professionals. Susan advises listeners on how to select the right attorney, stressing the need for one who genuinely practices collaborative law. They discuss the significance of experience and mindset in professionals guiding the divorce process and debunk the misconception that collaborative divorce requires a friendly relationship between spouses. Their conversation highlights the benefits of collaborative and mediated divorces for all parties involved, especially children.

Nicole and Susan discuss:

The need for emotional support before hiring an attorney
The role of a divorce coach and a financial professional in managing emotions and making rational decisions
The benefits associated with a well-rounded professional team
The holistic approach to divorce which involves legal, emotional, and financial aspects
Misconceptions about collaborative divorce, the importance of commitment to the process, and how to find an attorney committed to the collaborative process
The importance of vetting professionals and asking the right questions
And more

Resources:

Connect with Nicole Romito:

Connect with Susan Guthrie:

About Our Guest:

Susan Guthrie is a nationally recognized family law attorney. She had a successful practice in Connecticut for 32 years and now is a well-known, collaborative and mediation trainer. She aims to help other attorneys learn how to effectively help their clients choose a more productive and amicable way to divorce. She’s also the host of two podcasts, Divorce and Beyond, and Make Money Mediating.

Key Changes in the Secure Act 2.0 With Laurie Kaplan (Ep. 35)

Wed, 24 Jan 2024 09:00:00 -0500

The Secure Act 2.0 is ever-evolving and has brought up some important questions recently, so let’s go over them!

Laurie Kaplan, CPA, partner at Michael Silver, joins Nicole for her second time on the show to continue their discussion about the Secure Act 2.0. Laurie goes over what has been finalized in the act for 2023 and looks ahead to 2024 and 2025. She clears up confusion around various topics including the Required Minimum Distributions when inheriting an IRA, changes in retirement plans, the rules and implications of annuities and IRAs, and the importance of tax planning. Laurie also discusses the new Roth IRA rollover option, the penalty reduction for missed RMDs, and the benefits of having both Roth and traditional IRAs.

Laurie discusses:

The Secure Act 2.0 provisions and potential impact on retirement plans
What has been finalized in the act for 2023 and what we can anticipate for 2024 and 2025
Changes to required minimum distributions, Roth IRA rollover option for 529 plans, and penalty reduction for missed RMDs
Explanation of annuities and IRAs, including single life expectancy and joint annuity options
Designation of beneficiaries for retirement plans and consequences of not having one or if the designated beneficiary is deceased or not updated
Premiums and surcharges associated with Medicare based on adjusted gross income (AGI)
And more

Resources:

Highlighting The Key Changes In Secure Act 2.0 With Laurie Kaplan (Ep. 16)

Connect with Nicole Romito:

Connect with Laurie Kaplan:

About Our Guest:

Laurie Kaplan, CPA, has been serving as a trusted advisor to clients for over 25 years, expertly managing and addressing tax and accounting issues within various industries, including manufacturing and distribution, retail, restaurants, real estate, automobile dealerships, and professional service providers. Her background in both accounting and tax, as well as her consultative approach, allows her to partner with clients and develop innovative solutions to address their personal and business needs. She specializes in employee benefit plans, estate and gift tax, like-kind exchanges, and small business start-ups.

Estate Planning for the Sandwich Generation (Ep. 34)

Wed, 27 Dec 2023 09:00:00 -0500

Estate planning is important for everyone, but why is it especially important for the sandwich generation?

In this episode, Nicole introduces fellow Private Vista colleague, Jeff Toner, CHFC®, RICP®, Partner at Private Vista, to talk about estate planning. While it’s important to get your documents in order before you need them, Nicole and Jeff point out that there are many layers to estate planning and discuss the impact it can have on multiple parts of our lives. They delve into the complexities of managing aging parents’ affairs, the importance of open communication within families, and the need for estate planning documents. Jeff emphasizes the benefits of proactive estate planning, including providing clarity for families, reducing tax burdens, and ensuring wealth preservation for future generations.

Nicole and Jeff go over:

The importance of estate planning, especially for the sandwich generation
The challenges that come with managing aging parents’ affairs and the reversal of roles
Why estate planning isn’t just a checklist, it’s a lifelong process
What key documents are needed for estate planning, in addition to a will
The challenges faced by the sandwich generation in estate planning for aging parents and themselves
An explanation of power of attorney, wills, trusts, and their importance in estate planning
The various benefits of proactive estate planning, including control over decisions, educating and providing clarity for families, and tax reduction
And more

Connect with Nicole Romito:

Connect with Jeff Toner:

About our Guest:

Finding Calmness During the Holidays With Brendan Cournane (Ep. 33)

Fri, 15 Dec 2023 09:00:00 -0500

The year-end holidays can be the most stressful time of the year, from family gatherings and tensions to tight deadlines at work.

But what if we told you they don’t have to be?

In this episode, Nicole speaks with professional development coach Brendan Cournane about stress management. They focus on managing the stress that comes with the holiday season and the pressures of closing business deals by year-end. Coach Brendan shares strategies for managing stress, such as practicing mindfulness, meditation, and curiosity. He also emphasizes the importance of open communication and taking pauses in conversations for reflection.

Brendan discusses:

How to manage stress revolving around family and during year-end at work, in preparation for the holidays
The benefits of practicing calming exercises like meditation and mindfulness
How to approach challenging situations with curiosity
How to communicate about pressures at work with family members
Techniques for finding calmness and acceptance during the holidays
Why silence is okay and the role it plays in healthy open communication
How the ribbon method helps him through tough moments why harnessing happy memories
And more

Connect with Nicole Romito:

Connect with Brendan Cournane:

About our Guest:

Giving Tuesday: Time to Inspire Change With Lorena Lopez and Matt Currier (Ep. 32)

Mon, 27 Nov 2023 09:00:00 -0500

Are you passionate about changing lives, uplifting those around you, and creating a better world? Join us in celebrating Giving Tuesday, a global movement to unleash the power of radical generosity.

In this episode, Nicole Romito invites colleagues Lorena Lopez and Matt Currier. Taking a break from the usual financial topics, they shed light on the beauty of Giving Tuesday and the joy of giving. You’ll hear about their personal stories of giving back to the community, both individually and as part of the Private Vista team — a conversation aimed at inspiring positive change.

Nicole, Lorena, and Matt discuss:

Private Vista’s fundraising events that are both fun and impactful
Their personal involvement in various organizations and causes
Why the act of giving isn’t limited to financial donations
How companies can amplify their charitable impact with firm-wide initiatives
Reasons to integrate charitable giving into your financial plan
And more

Resources:

Connect with Nicole Romito:

Connect with Lorena Lopez:

LinkedIn: Lorena Lopez

Connect with Matt Currier:

LinkedIn: Matt Currier

About our Guests:

Lorena Lopez has been in the financial services industry for some time now, and in her position, she handles tasks that vary from ordering supplies to completing paperwork and billing via spreadsheets to help the office run more efficiently. Lorena also provides customer service to the clients and prioritizes tasks to improve efficiencies. Her greatest satisfaction comes from the role she plays in helping clients realize their dreams.

Matt Currier’s career in the financial services industry began in 2015, as he kick-started his career in commercial banking. He transitioned from a loan production team, where he facilitated financing for businesses, to the bank’s private wealth management division, enabling him to work closely with clients and offer personalized financial solutions that unlock wealth within their companies. Matt joined the Private Vista team in 2019 after earning his CFP® designation. What truly resonates with Matt is the opportunity to contribute to the success of individuals in both their business ventures and their pursuit of financial independence.

Year-end Financial Planning With Jim Weil (Ep. 31)

Thu, 09 Nov 2023 09:00:00 -0500

How can you optimize your year-end financial planning?

With the end of the year nearing, it’s a good idea to review our financial plans and look at what we have set up for the long-term.

In this episode of Dollar$ and $ense, Jim Weil CFP®, CIMA®, managing partner at Private Vista, joins Nicole Romito to talk about year-end planning strategies. They discuss managing income and taxes, including accelerating or deferring income based on tax brackets, bunching deductions, and timing bonuses for business owners. Nicole and Jim also touch on funding retirement plans and leveraging tax brackets through family member payroll additions while exploring the importance of proactive planning and consulting with financial advisors and CPAs to navigate changing tax laws.

Nicole and Jim discuss:

Year-end planning strategies for managing income and taxes
Flexibility in income and compensation plans for business owners and executives
Tax loss harvesting and timing considerations
The benefits and drawbacks of interest rate increases
Reviewing estimated tax payments and maximizing deductions
And more

Resources:

How Can Donor Advised Funds Be Used for Estate Planning? with Sean Julian (Ep. 27)

Connect with Nicole Romito:

Connect with Jim Weil:

About our Guest:

Jim Weil is a seasoned financial planning professional with over 18 years of dedicated expertise in the field. His career began in the late eighties after graduating with a financial planning degree from Purdue University. Jim’s commitment to excellence is demonstrated through his possession of the prestigious CFP (Certified Financial Planner) and CIMA (Certified Investment Management Analyst) designations. Jim’s professional journey has been marked by his passion for client success, and he has undertaken the role of managing partner for Private Vista for the past five years. Beyond his client-focused responsibilities, Jim’s influence extends to the board of directors of Hightower Advisors, Private Vista’s parent company. His exceptional leadership and financial acumen have made him an invaluable asset to the industry and a respected colleague for nearly two decades.

Hacker-proofing Your Finances This Cybersecurity Month With Sarah Khan (Ep. 30)

Fri, 27 Oct 2023 09:00:00 -0500

Are you prepared to face the digital phantoms lurking in your inbox? This Cybersecurity Awareness Month, arm yourself with knowledge. Just as we take precautions during Halloween, it’s essential to be vigilant about phishing attacks in the financial services sector.

In this episode, Nicole speaks with Sarah Khan, Chief Information Security Officer for Hightower Advisors, about cybersecurity and online safety when it comes to your finances. They discuss the prevalence of phishing attacks in the financial services sector, providing tips on how to identify and prevent them. Sarah Khan emphasizes the importance of secure online practices, such as using strong passcodes, avoiding public Wi-Fi, and being cautious with personal information on social media. Their conversation also covers real estate fraud, the importance of data protection laws, and the use of password managers.

Sarah discusses:

The importance of raising awareness and educating clients on cybersecurity
Phishing attacks as a common cybersecurity threat in the financial services sector
Tips on identifying phishing attempts and verifying email addresses
Why we should be cautious when conducting financial transactions on mobile devices and avoiding public Wi-Fi networks
The importance of strong passcodes on mobile devices and avoiding easily guessable passwords
What social engineering is and why we need to protect personal information shared online
Recommended websites and resources for staying updated on cyber threats and protecting devices
Why we should avoid engaging with scammers
How she and her team are working to help protect our clients’ money
And more

Resources:

Connect with Nicole Romito:

Connect with Sarah Khan:

LinkedIn: Sarah Khan

About our Guest:

Sarah Khan is the Chief Information Security Officer for Hightower Advisors with a demonstrated history of working in the financial services industry. She is skilled in IT Strategy, Management, Business Intelligence, Business Process Improvement, and Financial Services. She is a strong information technology professional with a professional and academic background focused in technology in Financial Services.

Co-parenting Strategies Amidst Divorce With Beth Mccormack and Jason Sposeep – Part 2 (Ep. 29)

Thu, 12 Oct 2023 09:00:00 -0500

Divorce can be a challenging journey for many, and it requires careful consideration and planning, especially during the holiday season.

In this episode, Nicole Romito continues the conversation with family law attorneys Beth McCormack and Jason Sposeep. This time, they unravel the complexities of divorce, focusing on co-parenting during the holidays and financial considerations.

Beth and Jason provide valuable advice on early planning, effective communication, and involving children in the holiday planning process. Additionally, they highlight the significance of tax planning during divorce and the impact on social security benefits.

They discuss:

Strategies and conversations to have with your spouse to ensure smooth co-parenting during the holiday season
How to involve children in the decision-making process and considering their opinions in co-parenting during the holidays
The importance of open and transparent communication between co-parents
The impact of the calendar year on financial decisions and tax implications in divorce settlements
The importance of being married for ten years to receive social security benefits and the process of claiming spousal benefits after divorce
And more!

Resources:

Love’s Detour: Navigating Divorce With Beth McCormack and Jason Sposeep (Ep. 28)

Connect with Nicole Romito:

Connect with Beth McCormack:

Connect with Jason Sposeep:

About our Guests:

Beth McCormick practices exclusively in family law matters for high net worth families, and she is experienced in complex litigation, mediation, and collaborative law. She is an equity partner at Bierman, which is located here in Chicago, Illinois. She has been repeatedly nominated by her peers as a leading lawyer and best lawyer, as well as top 50 women’s super lawyer and top 100 super lawyers. Her focus on compassion and empathy led Crane’s Chicago media to name her most influential women lawyer.

Jason Sposeep is an equity partner at Schiller, DeCanto, and Fleck, headquartered in the Chicagoland area. He authoritatively advocates for high net worth professionals. and their spouses who want fair and equitable results. Jason’s extensive background in business and finance as well as his compassion and understanding enables him to sensibly resolve complicated divorce and custody disputes both in and out of the courtroom. Jason strenuously believes in putting the children first in every divorce situation. And he too has been repeatedly nominated and named to the top super lawyer lists and super lawyer lists as well.

Love’s Detour: Navigating Divorce With Beth Mccormack and Jason Sposeep (Ep. 28)

Fri, 06 Oct 2023 09:00:00 -0500

What are the best alternatives to litigation in divorce? Let’s ask family law attorneys.

In this episode, Nicole Romito welcomes family law attorneys Beth McCormack and Jason Sposeep to talk about the different options that are available when considering divorce. They emphasize the importance of educating the public about alternative dispute resolution processes such as mediation and collaborative divorce, which focus on problem-solving and preserving relationships. Beth and Jason highlight the benefits of collaborative divorce, including the involvement of a full team of professionals, and stress the importance of finding the right professionals for the process. They also share their advice on how to approach the topic of collaborative divorce with a spouse and encourage listeners to do their research before making any decisions on who to work with.

Nicole, Beth and Jason discuss:

What they wish the public knew more about when considering getting a divorce
What alternative dispute resolution processes are and their benefits
The importance of having a full team in the divorce process
Some examples of alternative dispute resolutions giving individuals more control
The key differences between collaborative divorce and mediation
Why discernment counseling is important to attend before deciding to divorce
How to find the right professionals for collaborative divorce or mediation
And more

Resources:

The War of the Roses

Connect with Nicole Romito:

Connect with Beth McCormack:

Connect with Jason Sposeep:

About our Guests:

Beth McCormick practices exclusively in family law matters for high net worth families, and she is experiencing complex litigation, mediation, and collaborative law. She is an equity partner at Bierman, which is located here in Chicago, Illinois. She has been repeatedly nominated by her peers as a leading lawyer and best lawyer, as well as top 50 women’s super lawyer and top 100 super lawyers. Her focus on compassion and empathy led Crane’s Chicago media to name her most influential women lawyer.

Jason Sposeep is an equity partner at Schiller, DeCanto, and Fleck, headquartered in the Chicagoland area. He authoritatively advocates for high net worth professionals. and their spouses who want fair and equitable results. Jason’s extensive background in business and finance as well as his compassion and understanding enables him to sensibly resolve complicated divorce and custody disputes both in and out of the courtroom. Jason strenuously believes in putting the children first in every divorce situation. And he too has been repeatedly nominated and named to, the top super lawyer lists and super lawyer lists as well.

How Can Donor Advised Funds Be Used For Estate Planning? With Sean Julian (Ep. 27)

Fri, 22 Sep 2023 09:00:00 -0500

Did you know you can set up a Donor Advised Fund during your lifetime or as part of your estate planning?

In this episode, Nicole is joined by Private Vista’s very own Sean Julian to discuss the concept of donor-advised funds (DAFs), which are charitable giving vehicles. Sean explains how DAFs work, the flexibility they offer, and the benefits of using them for charitable giving. They also touch on tax strategies, such as using appreciated securities and “bunching” charitable gifts. The speakers emphasize the importance of working with a CPA and starting the process early.

Sean discusses:

Sean’s background in financial planning and expertise in helping clients achieve their financial goals
Some exciting news for Sean and her family this year
The benefits of using DAFs, such as tax deductions and the strategy of “bunching” charitable gifts
And more

Connect with Nicole Romito:

Connect with Sean Julian:

Becoming a Financial Advisor with Mahogany Person (Ep. 26)

Wed, 06 Sep 2023 09:00:00 -0500

Sometimes, the path to a fulfilling career is far from straightforward.

In today’s episode, Nicole Romito from Private Vista dives into the career journey of Mahogany Person, an emerging talent in the field of financial advising. Mahogany began her professional life as a math teacher but transitioned into financial planning after personal experiences opened her eyes to the generational gaps in financial education.

Throughout the episode, Nicole and Mahogany discuss:

How the ‘aha moments’ keep Mahogany passionate about education
Key strategies Mahogany employs to help both students and clients achieve their own ‘aha moments’
The art of productive struggle in career and life transitions
Navigating career changes and the power of asking the right questions
The rewards and challenges of career transitions, and why persistence and continual learning are vital
And more!

Resources:

Connect with Nicole Romito:

Connect with Mahogany Person:

LinkedIn: Mahogany Person

About our Guest:

Mahogany Person bridges the worlds of education and finance. Originally a math teacher in her hometown of Dayton, Ohio, she transitioned to financial advising after pursuing an MBA in Finance. Now close to becoming a Certified Financial Planner (CFP), Mahogany has combined her love for teaching with her passion for personal finance. Her unique background allows her to simplify complex financial matters for her clients, proving that career detours can lead to unexpected, but fulfilling, destinations.

The Ultimate Guide to Buying Your First Home With Melanie Everett (Ep. 25)

Tue, 05 Sep 2023 09:00:00 -0500

Thinking about diving into the real estate market? Whether you’re a seasoned pro or a first-time buyer, this episode is your go-to guide for navigating today’s dynamic real estate landscape.

In this episode, Nicole Romito chats with Melanie Everett, founder and managing broker of Melanie Everett and Company, an independent real estate brokerage firm.

Nicole and Melanie discuss the importance of planning ahead when buying a home and assembling a team of professionals. They discuss the challenges of finding suitable properties in a competitive market with low inventory and the benefits of hiring a real estate agent. Melanie explains the home buying process, including inspections, negotiations, and the role of a real estate attorney.

Melanie discusses:

The value of building a professional team when buying a home and who you should include in it
Maintenance fees and other additional costs you should consider when buying a home
How to maximum your outcomes when navigating the competitive real estate market
Additional tips for homebuyers about the negotiation + closing process, finding the right real estate agent, and more!

Connect with Nicole Romito:

Connect with Melanie Everett:

About our Guest:

Since 2014, Melanie has sold more than $200 million in residential sales & over 500 homes across the city. She consistently ranks in the top 1% of all brokers in Chicago, and M&Co. is a top 25 team for a number of transactions. In 2017, Melanie was honored with Realtor Magazine’s national “30 Under 30” title, & from there, and she graciously received more local & national acclaim, features, & speaking engagements.

Melanie Everett is an award-winning Chicago broker & founder of her boutique real estate brokerage, Melanie Everett & Company. She is a writer, negotiator, thinker, marketer, teacher, reader, & leader in her industry. Since 2014, Melanie has sold more than $200 million in residential sales & over 500 homes across the city. She consistently ranks in the top 1% of all brokers in Chicago, and M&Co. is a top 25 team for number of transactions. In 2017, Melanie was honored with Realtor Magazine’s national “30 Under 30” title, & from there, she graciously received more local & national acclaim, features, & speaking engagements.

Annuities 101 with Steve Merdinger (Ep. 24)

Tue, 05 Sep 2023 09:00:00 -0500

Purchasing annuities can be confusing, and on top of that, they’re often an emotional decision.

In this episode, Nicole Romito breaks down annuities with Steve Merdinger, ChFC®, CFP®, Partner at Private Vista. They give an overview of points to consider and things to be aware of before purchasing them.

Steve discusses:

What fixed and variable annuities are
The importance of understanding what you’re buying
The general prices of different annuities you can anticipate
The pros and cons of annuitization and what the exclusion ratio is
Why purchasing an annuity tends to be an emotional decision
How annuity contracts are structured
And more

Connect with Nicole Romito:

Connect with Steve Merdinger:

About our Guest:

Steve Merdinger is a Partner and experienced Certified Financial Planner (CFP®) and Chartered Financial Consultant (CHFC®). With over three decades in financial planning, he helps individuals and families achieve their goals. Having worked in his family’s business, Steve has valuable insights into family-owned enterprises and succession planning. He holds a Bachelor of Business Administration from the University of Kansas and actively mentors students in the University of KU Business School program. Steve is involved in the Chicago Board of the Positive Coaching Alliance and aspires to become a trainer with the organization. He is a member of the Union League Chicago and the Valley Lo Club.

Creating Meaning from Your Means with Sarah Newcomb (Ep. 23)

Fri, 14 Jul 2023 09:00:00 -0500

You could build the best financial plan for your retirement, with enough money for trips and relaxing days for the rest of your life. But what will you do during your retirement? Playing golf and seeing family only takes so much time.

In this episode, Nicole speaks with Sarah Newcomb, author, speaker and founder of Thrive, on the psychology behind satisfying the emotional needs of retirees. Sarah dives into the importance of emotional needs and why they shouldn’t be considered a want when building your retirement plan.

Sarah discusses:

Her groundbreaking approach to setting life goals that will revolutionize your retirement planning.
The profound significance of establishing a financial role model and how it can shape your path towards a prosperous retirement
The transformative power of Maslow’s hierarchy of needs within the realm of financial and retirement planning
The hidden secret to a fulfilling retirement: the essential role that hobbies play in bringing joy, purpose, and fulfillment to your golden years.
And so much more!

Connect with Nicole Romito:

Connect with Sarah Newcomb:

About our Guest:

Sarah Newcomb, Ph.D. is a behavioral economist and Founder of the Thrive Financial Empowerment Center. Through writing, speaking, and coaching, she teaches people of all stripes to build lives they love with the resources they have. As a subject matter expert, Dr. Newcomb has worked with corporate behavioral science teams at HelloWallet, Morningstar, and Edward Jones, where she helps financial advisors understand and respond to aspects of psychology that affect financial decisions. In all her roles, Sarah aims to adapt the findings of academic research to practical use in the financial lives of ordinary people, and to ground innovative approaches to financial advice in well-established psychological theory.

2023’s Mid Year Check In With Bob Westrick (Ep. 22)

Fri, 14 Jul 2023 09:00:00 -0500

Amidst these unprecedented times, a burning question arises: Should you maintain a diversified portfolio?

In this episode, Nicole Romito and Bob Westrick, Partner at Private Vista, provide a mid-year market update for 2023. Together they tackle some of the pressing inquiries that have flooded their clients minds. From whether America is already in a recession or heading into one, if it will be different this time around, and whether or not diversification still works during unprecedented times.

Nicole and Bob discuss:

Private Vista’s guidance amidst these extraordinary times and the unique challenges they present
What the difference is between the economy and the markets, and why they don’t always move in the same direction
The Federal Reserve’s potential measures to disrupt the current inflationary cycle
What type of recession is expected, and to what severity
Why it’s better to invest for longer term goals rather than short-term goals
And more

Resources:

Preparing For 2023 After A Year Of Market Volatility With Bob Westrick (Ep. 10)

Connect with Nicole Romito:

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About our Guest:

In 1983, Bob Westrick left a “Big Eight” public accounting firm to work for one of his audit clients. Eight years later, his entrepreneurial itch was scratched as he started a partnership in the financial services industry. Two years later, Bob co-founded WNA Wealth Advisors, one of the precursor firms to Private Vista. He is a frequent speaker and he is often interviewed on subjects ranging from economic conditions to wealth management. His experience as an accountant, business owner and financial advisor gives Bob a unique perspective to offer his clients.

Mastering Your Finances: Tips for Young Adults with Carrie Mangan (Ep. 21)

Thu, 22 Jun 2023 09:00:00 -0500

Navigating personal finances after college can be challenging for many young individuals who lack proper guidance on savings, investments, and managing their 401(k)s.

What are some goals and rules they should follow for the long-term?

In this episode, Nicole Romito sits down with Carrie Mangan, advisor at Private Vista, to talk about the topic of building healthy financial habits for young adults just starting out in their careers. Carrie shares her expertise and experience to educate them on the importance of starting to save and invest early, maximizing employer contributions to a 401(k), and diversifying retirement savings across different types of accounts.

Additionally, Carrie discusses the importance of having an emergency fund and tracking net worth to be prepared for adverse situations and make better financial decisions.

Carrie discusses:

Her background as a teacher and professional in the financial industry
The basics of 401k contributions, including contribution levels, employer matching, and the benefits of pre-tax deductions
The importance of understanding how much of your 401(k) balance is vested before leaving a job
Target date funds and how it provides diversified and professionally managed investment options
Three important rules of thumb for investing
The importance of building an emergency fund
The rule of thumb for housing costs
Reasons why it’s beneficial to track your net worth annually
How much to allocate to savings
And more!

Resources:

Email at info@myprivatevista.com to get tools that can help you track your net worth and your cash flows

Connect with Nicole Romito:

Connect with Carrie Mangan:

About our Guest:

Carrie Mangan is an advisor at Private Vista LLC. Her previous work as a high school teacher emphasized how important it is to build strong relationships as the cornerstone of one’s career. That same principle guides her work as an advisor, where she is able to continue helping people solve problems and make empowered decisions about their futures. Carrie sees her role as a trusted and empathetic source of financial education, and she enjoys working with clients to build up their knowledge and understanding of their options.

Medicare Made Clear With Carly Rosswurm (Ep. 20)

Wed, 21 Jun 2023 09:00:00 -0500

Let’s face it, Medicare plans are an alphabet soup. Let’s simplify them together.

In this episode, Nicole talks to Carly Rosswurm, the director of Medicare Solutions at Ash Brokerage, to clear the air about Medicare. With 17 years of experience in Medicare, Carly gives us an overview of the Medicare program and the different types of available plans, and a breakdown of the highest and lowest premiums of 2023. She also explains how you can determine if Medicare is the right insurance option for you when you should start planning to apply for Medicare, how the annual enrollment periods work, and a lot more!

Carly discusses:

An overview of the Medicare program and the different types of plans
When you should start doing your research and speak to a healthcare broker
What she considers when determining if someone should stay with their employer’s insurance plan
A breakdown of the lowest and highest Medicare premiums in 2023
The circumstances when IRMAA charges can be appealed and what the process is like
How the annual enrollment periods work
And more

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Honoring Your Loved One’s Memory With Alexandra Koys (Ep. 19)

Tue, 20 Jun 2023 09:00:00 -0500

Losing a loved one is never easy. It’s a time of sadness and mourning, but it’s also a time to honor and celebrate their life. In fact, memorializing and honoring the legacy of loved ones is an important part of the grieving process.

In this episode, Nicole speaks with Alexandra Koys, founder & CEO of Lighten Arrangements, about creative ideas for honoring and celebrating the lives of those we’ve lost, from creating meaningful memorials to legacy planning and more.

Alexandra discusses:

How to personalize your loved one’s memorial to reflect their personal, cultural, and spiritual identity.
Why meaningful memorials are important for the grieving and healing process
The importance of initiating conversations about memorials well ahead of time
What to do if different family members cannot agree upon the ideal funeral ceremony
Key trends relating to end-of-life planning in the U.S.
And more

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Connect with Alexandra Koys:

About our Guest:

Alexandra Koys is the Founder & CEO of Lighten, a startup transforming the future of the funeral industry. Lighten’s guided planning platform empowers families to break away from somber, cookie-cutter funeral home offerings and plan uplifting life celebrations that represent their loved ones’ unique personal, cultural, and spiritual identities.

Taking Emotions out of Personal Finance with Will Howson, CFP®, CPFA (Ep. 18)

Fri, 12 May 2023 09:00:00 -0500

Studies have shown that people experience the same level of emotional pain when losing money as they do when experiencing physical pain. Therefore, managing emotions around finances is crucial for making sound investment decisions and achieving financial success.

In this episode, Nicole speaks with Will Howson, CFP®, CPFA about managing our emotions when discussing finances. Will highlights the significance of both traditional and behavioral finance in investment decisions, emphasizing the importance of education and sticking to an investment plan. He also discusses how positive emotions around finances can impact investment decisions and how to identify common biases such as loss aversion, recency bias, and analysis paralysis.

Will discusses:

The difference between traditional finance and behavioral finance
The importance of both education about investing and sticking to your investment plan
How positive emotions around finances can interfere with investment decisions just as much as negative emotions
What loss aversion, recency bias, and analysis paralysis are, and how to identify them in someone’s investment patterns
Some of the common mistakes he helps their clients avoid
And more

Resources:

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Connect with Will Howson:

About our Guest:

Will Howson, CFP ®, CPFA is a financial advisor at My Private Vista, based in Chicago. After training at a large asset management firm on the East Coast, he returned home to Chicago as an advisor at a wealth management company, specializing in investment management, financial planning, and qualified plan consulting. Will’s impressive achievements include creating an educational curriculum for institutional and individual clients, showcasing his expertise and dedication to his clients’ success. He is passionate about helping people achieve their life goals and enjoys working with colleagues who share that same enthusiasm at Private Vista.

How To Support Women In Corporate With Laura Adams (Ep. 17)

Sat, 22 Apr 2023 09:00:00 -0500

We’re back with another episode to break the glass ceiling and showcase the incredible achievements of women who are challenging the status quo and paving the way for future generations.

In this episode, Nicole continues the celebration of this past Women’s History Month with Laura Adams, Chief HR Officer for Jones Lang LaSalle. Laura shares her story of how she worked her way up into corporate America, the support she received from her peers and coworkers, how men can help women in the workplace take up the space they need, and how she encourages women to strive to be their best selves.

Laura discusses:

The key skills she looks for in developing a leadership team
How women can leverage their innate skills in the workplace
How she coaches her colleagues and friends to not feel guilty about a work-life balance
Why advocation is the biggest thing men can do to support their female colleagues
What she and JLL have been doing to support women and the growth in their careers
And more

Resources:

Connect with Nicole Romito:

Connect with Laura Adams:

About our Guest:

Laura Adams is Chief HR Officer for Jones Lang LaSalle. Laura is a single mom who has pushed herself far in her career, transitioning from working for the University of Michigan to a corporate America with JLL. She passionately shares her story and helps other women achieve success in their careers.

Highlighting The Key Changes In Secure Act 2.0 With Laurie Kaplan (Ep. 16)

Thu, 23 Mar 2023 09:00:00 -0500

Are you curious about the new regulations in the Secure Act 2.0 and how they could impact your retirement planning?

In this episode, Nicole and Laurie Kaplan, CPA, highlights the important changes in the Secure Act 2.0 that were released in late 2022. Laurie explains how these changed regulations affect investors.

Laurie discusses:

A breakdown of the 10-year rule
The new opportunities for IRA and retirement plan holders who are charitably inclined
What the new regulations are for Roth 401(k) plans
The ability to rollover assets from a 529 plan into a Roth IRA
And more

Resources:

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Connect with Laurie Kaplan:

About our Guest:

Why Women Belong in the Wealth Management Industry With Delaney Orozco and Stephanie Nanney (Ep. 15)

Wed, 08 Mar 2023 09:00:00 -0500

Breaking the glass ceiling: Join us as we delve into the world of finance and showcase the incredible achievements of women who are challenging the status quo and paving the way for future generations.

In this episode, Nicole celebrates Women’s History Month and International Women’s Day with Delaney Orozco, CFP®, and Stephanie Nanney, CFP®, CPFA. Get ready to hear their inspiring conversation about why they believe wealth management is an awesome career choice for women.

Nicole, Delaney, and Stephanie discuss:

Why the finance industry is a great career choice for women
How the industry offers women a successful career and professional life and allows for flexibility to have a fulfilling personal life
Why more women are joining the finance industry each year
How their families and male colleagues have shown support throughout their careers
Why they chose to work in the industry
How My Private Vista creates a supportive and nurturing work environment
And more

Resources:

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Connect with Delaney Orozco and Stephanie Nanney:

About our Guests:

Building a Family: A Guide to Fertility and Family Planning with Dr. Allison K. Rodgers (Ep. 14)

Wed, 22 Feb 2023 09:00:00 -0500

Discover the Secrets of Fertility with Expert Allison K. Rodgers!

Are you longing to start a family but feeling uncertain about your next steps? This episode is for you! Join Nicole Romito as she sits down with renowned fertility doctor, Allison K. Rodgers. Get ready to be enlightened with all the ins and outs of fertility and the best options for starting your family.

Allison opens up about the optimal time for having children, the possibilities for those who want to start a family later in life, and how there’s more than one way to make your family-building dreams come true. With her expert knowledge and insight, you’ll leave this episode feeling empowered and confident in your journey toward parenthood.

Allison discusses:

The inside scoop on what you need to know to assess your fertility potential
The ideal time to start a family and what to consider
The natural decline in fertility with age
The multiple options available for individuals who want to start a family later in life
Her inclusivity-focused book which educates young women on sexual health and education
And more

Resources:

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Connect with Allison K. Rodgers:

About Allison:

Dr. Rodgers is board certified in both Obstetrics and Gynecology and Reproductive Endocrinology and Infertility and has been practicing medicine since 2004. She completed her residency at Case Western Reserve-Metrohealth Medical Center/Cleveland Clinic, followed by a fellowship at the University of Texas Health Science Center in San Antonio. Dr. Rodgers’ personal experiences with both secondary infertility and pregnancy loss have given her a unique insight into reproductive medicine, and she is well known for her compassionate and individualized patient care. She has published many original research articles in top medical journals on topics such as endometriosis, tubal factor infertility, in vitro fertilization, and donor sperm. Her special interests include in vitro fertilization, endometriosis, polycystic ovarian syndrome, unexplained infertility, and premature ovarian insufficiency.

Everything You Need To Consider To Maximize Your Social Security Benefits With Mike McCabe (Ep. 13)

Thu, 09 Feb 2023 09:00:00 -0500

Marriage, divorce, a late spouse, and age can all affect social security benefits. There’s no simple equation for figuring out which benefit plan works best for you or when you should start taking your benefit, but a financial advisor can help guide you through the process.

We are back with another episode of Dollar$ and $ense: Creating Your Fulfilled Life with Nicole Romito. Learn from Mike McCabe, a colleague of Nicole’s at Private Vista, as he sits down with her to break down what you need to know about social security. Mike shares different scenarios that you should consider and explains how to best approach your social security benefits to maximize these benefits for your household.

Mike McCabe discusses:

The different roles you are eligible to apply under for social security and the benefits of each
What type of benefits are available and when you should consider applying for them
The importance of knowing your situation when navigating the social security system
How to determine when it’s right for you to take your social security benefits
…and so much more!

Resources:

Connect with Nicole Romito:

Connect with Mike McCabe:

About our Guest:

Mike McCabe, CFP®, CPA, is a partner at Private Vista LLC. Throughout Mike’s career in financial services, his primary focus has been assisting his clients successfully manage their financial lives so they can enjoy and flourish in their real lives. He has always dedicated himself to learning. Mike’s interest led him to become a CFP® and attain the Certified Pension Consultant (CPC) designation from the American Society of Pension Professionals and Actuaries (ASPPA). Mike’s administrative roles with the firm include serving on the firm’s investment committee, helping with compliance, and mentoring the firm’s talented pool of younger advisors.

The Lasting Legacy of Money Values with Mary Beth McLean (Ep. 12)

Tue, 24 Jan 2023 09:00:00 -0500

Talking about finances with your family can be a difficult discussion, but it doesn’t have to be.

In this episode, Nicole speaks with her colleague, Mary Beth McLean, MBA, CFP, about family wealth planning and having financial discussions with the next generation. Mary Beth shares a few ways to begin the conversation, that it’s ongoing and not a one-time thing, and that it’s never too late to start it.

Mary Beth and Nicole discuss:

What family wealth planning is and why it’s important for you to participate in
How having the conversation could alleviate some unintended consequences when both parents are gone
How to have a conversation about finances with your children that doesn’t center around the numbers
That it’s not a one-and-done type of conversation and why it’s ever-evolving
And more

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Connect with Mary Beth McLean:

About our Guest:

Mary Beth McLean, CFP®, MBA, is a partner at Private Vista LLC. She received her Bachelor’s degree in Finance at St. Mary’s College Notre Dame, Magna cum Laude, and her Master of Business Administration at Northwestern University, Kellogg School of Management. Mary thinks of herself as a financial caregiver. She devotes much of her current practice to working with women, often in transition, to take control of their financial matters. The most satisfying part of Mary’s profession is watching her clients become empowered. Mary Beth McLean helps her clients conceive their future, relieve their fears, and achieve their dreams.

Long-Term Care Planning: Getting Your Affairs In Order with Lauren Weldon (Ep. 11)

Wed, 11 Jan 2023 09:00:00 -0500

As we are living longer and healthier lives, we often take for granted that one day, our situation might change. Planning ahead for your long-term care now can help you avoid unforeseen expenses in the future.

In this episode, Nicole is joined by Lauren Weldon, a partner at Margolis Weldon LLC who specializes in elder law and estate planning. Listen as Lauren shares real-life stories and scenarios, and details what can happen in less-than-ideal situations when it comes to long-term care planning.

Lauren discusses:

Her work as an elder law attorney and why some people require her services
The importance of having a trustworthy, and capable Power of Attorney
Why having conversations as a family is integral to your long-term care plan
The difference between Medicare and Medicaid
And more

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Connect with Lauren Weldon:

About our Guest:

Lauren Weldon is a partner at Margolis Weldon LLC in Parkridge, Illinois. She founded the firm in 2015 with Matt Margolis and has a career as an elder law attorney. Lauren graduated from the University of South Carolina and obtained her law degree from John Marshall Law School.

Lauren lives in Mt. Prospect with her husband, a labor and employment attorney, their six kids, two cats, and two dogs. In her free time (the little of it she has) Lauren enjoys riding her horse and spending time outdoors with her family and friends.

Preparing For 2023 After A Year Of Market Volatility With Bob Westrick (Ep. 10)

Mon, 02 Jan 2023 09:00:00 -0500

After a year of market ups and downs, investors are looking for an opportunity to pull ahead in the new year. How can they start off 2023 on the right foot?

Welcome back to another episode of Dollar$ and $ense! In this episode, Nicole Romito speaks with Bob Westrick, Partner at Private Vista, on how market volatility has impacted investors in 2022 and where they should focus their attention into the New Year. Bob shares key takeaways from this past year and how those experiences will change investment strategies moving forward.

Bob discusses:

The difference in opportune environments between stocks and bonds and why neither has been safe in the 2022 market
How tax loss harvesting can create returns from capital loss in investments
What is the current view of 2023 and possibly 2024 of advisors and economists
What can be controlled during market volatility and where advisors should focus their attention
And more

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Connect with Bob Westrick:

About our Guest:

A Year of Unknowns with Stephanie Link (Ep. 9)

Fri, 16 Dec 2022 09:00:00 -0500

The year is coming to an end. Let’s take a quick look at what has happened in the markets, and see what we can do to anticipate what’s coming.

In this episode, Nicole brings Stephanie Link, Chief Investment Strategist and Portfolio Manager at Hightower Advisors, onto the show to go over the year-end market update for 2022. Stephanie also shares a story reminiscing about joining the financial industry, talks about her passion for being compassionate with clients, and gives future financial advisors some advice for joining the industry.

Stephanie discusses:

The importance of building trust between advisors and clients
The steady interest rate increase in 2022 and what she thinks can be expected next year
How looking at past market trends with clients can provide reassurance and calm their investment anxiety
Some important tips for young women looking to enter the financial services industry
And more

Connect with Nicole Romito:

Connect with Stephanie Link:

About our Guest:

Stephanie Link is a Chief Investment Strategist and Portfolio Manager for Hightower Advisors. Prior to joining Hightower, Stephanie was a senior managing director and Head of Global Equities Research at TIAA Investments, where she managed $3.7 billion within the equity income strategy. She also served as the Chief Investment Officer and Co-Portfolio Manager of Jim Kramer’s Charitable Trust at TheStreet, and as Managing Director of Institutional Sales and Director of Research at Prudential Equity Group. With over 30 years of experience managing money, Stephanie Link’s insights are frequently sought after for industry events and by the media, including CNBC, The Halftime Report, Closing Bell, and Squawk Box.

Starting a Family Dialogue Around Getting Older With Debbie Feldman (Ep. 8)

Sun, 27 Nov 2022 09:00:00 -0500

Estate planning is hard for many, but it doesn’t have to be.

Let’s talk about how to have those tough conversations with family and make the process easier.

In this episode, Nicole talks about estate planning with Debbie Feldman, the founder of Debra D. Feldman and Associates, Ltd. Debbie is a licensed and insured clinical social worker and works as an Aging Life Care Manager. She shares her professional experiences along with personal experiences as it relates to having and initiating sensitive conversations with loved ones about their well-being and estate planning.

Nicole and Debbie discuss:

Who should initiate conversations about estate planning
How to approach sensitive conversations about estate planning and well-being with aging family members
What signs to look for that indicate your loved ones may need additional assistance, and how to open the conversation to offer them assistance
How to balance taking care of parents while remaining in the child in the child role
And more

Connect with Nicole Romito:

Connect with Debbie Feldman:

About our Guest:

Debbie Feldman is the owner and founder of Debra D. Feldman and Associates, Ltd. She is a licensed and insured clinical social worker. Debbie received her Master of Social Work from the University of Michigan in December 1984, and her B.A. in Psychology and Sociology from Washington University in St. Louis in May 1983. Trained as a social worker, Debra began her career as an Aging Life Care™ Manager in 1988, and in 1991, she established her own company, Debra D. Feldman & Associates, Ltd.

Everything You Need To Know About 529 Plans With Colleen Dwyer (Ep. 7)

Thu, 10 Nov 2022 09:00:00 -0500

A 529 plan is a college investment plan that offers tax and financial aid advantages, but what exactly is covered?

In this episode, Nicole provides an overview of 529 plans with her colleague, Colleen Dwyer. Colleen covers an overview of what a 529 plan is, the different advantages of the plan, and some of its limitations and flexibilities.

Colleen discusses:

What a 529 plan is and how the money invested in it can be used
How you can use the tax benefits and financial aid of a 529 plan to your advantage
What it means to offer financial support to beneficiaries through a 529 plan
Some of the possibilities and probabilities around the best way to use the plan
And more

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About our Guest:

The Importance of Putting Together Your Financial Team With Ryan Guedel (Ep. 6)

Thu, 27 Oct 2022 09:00:00 -0500

Did you know that having an accountant, financial planner, and advisor working together can help take some of the stress off managing your finances while still keeping your best interests in mind?

In this episode, Nicole speaks with Ryan Guedel, CPA and partner at account and consulting firm CJBS, about how to put together a financial team to ensure everyone is working in your best interest. Ryan shares a bit about himself and his experience working in a financial team, how he knows when someone can benefit from a financial team over just one specialist, and some tips around avoiding the emotional impact of financial decision-making.

Ryan discusses:

His specialization in professional athlete and entertainer taxation
Why a someone could benefit from having a financial team instead of just an advisor, planner, or accountant
How he guides clients to listen to the professionals around them versus the noise from the news and social media
And more

Resources:

cjbs.com

Connect with Nicole Romito:

Connect with Ryan Guedel:

About our Guest:

Ryan has been a dedicated member of the CJBS team for over a decade. Joining the firm as a staff accountant in 2009, he worked his way up through the ranks to be admitted as a partner. Ryan focuses on coordinating due diligence engagements, carrying out audits and reviews, taxation, and working with the firm’s marketing department. He serves clients primarily in the real estate, manufacturing, construction, distribution, and professional service industries. Ryan also specializes in professional athlete and entertainer taxation.

What You Should and Shouldn’t Do In Today’s Market With Randy Porzel (Ep. 5)

Fri, 14 Oct 2022 09:00:00 -0500

With the current market cycle, we aren’t surprised a lot of people are feeling anxious about their financial plans and investments. Many people don’t know what to do or expect.

In this episode, Nicole brings on a colleague from Private Vista, Randy Porzel, CFP, RICP, to discuss investment strategy, and what to do and not to do in today’s market. Randy shares insights from his experience in the financial services industry about managing emotions, easing anxiety, and what to avoid in the current market cycle.

Randy discusses:

His experience in the financial services industry and what he likes to do outside of helping his clients at Private Vista
What he does to ease his clients’ anxieties around the current market
How to manage emotions around money by preparing for the worst and hoping for the best outcomes.
Why making big decisions should be avoided during the market cycles we’re currently in.
And more

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About our Guest:

Where You Go Is Not Who You’ll Be With Corinne Smith (Ep. 4)

Wed, 28 Sep 2022 09:00:00 -0500

From selecting which school to finding what extracurriculars are available, applying to college involves many important considerations. Have you checked them all off your list?

In this episode, Nicole talks with Corinne Smith, co-author of College Essay Journal: A Mindful Manual for College Applications, about college admissions. Corinne dives into why finding the right environment for a student is so important and why talking about finances with students helps them appreciate education as an investment. She then goes over the different financial-aid options available at colleges, and how she counsels students to thrive in high-pressure environments.

Corinne discusses:

Finding the environment that will be the right fit for the student
The importance of talking about finances with students and helping them understand that education is an investment
The differences between merit-based aids, need-based aids, and scholarships
How students can not only survive, but thrive in a high-pressure environment
And more

Resources:

College Essay Journal: A Mindful Manual for College Applications by Corinne Smith and Ann Merrell

Connect with Nicole Romito:

Connect with Corinne Smith:

About our Guest:

Corinne has a Bachelor’s Degree in Political Science and Sociology as well as a Masters in Higher Education Administration and Policy from Northwestern University. She is currently pursuing her Doctorate in Diversity and Equity in Education through the University of Illinois Urbana-Champaign. Corinne works as an undergraduate admissions officer at Yale University. During her time in the Yale and Northwestern admissions offices, she has read thousands of applications and served as a voting member on both domestic and international admissions committees.

Becoming A Private Vista Client (Ep. 3)

Thu, 15 Sep 2022 09:00:00 -0500

If you’re hesitant to reach out to a financial advisor, you certainly shouldn’t be. Sure, it might seem like there is a lot to the process, but Nicole is here to help ease some of your anxiety.

In this episode, Nicole Romito takes you through what it’s like to become a client at Private Vista. She goes over how Private Vista’s financial advisors get to know their clients, the importance of learning new clients’ psychology behind their finances, and how frequently clients should contact their advisors.

Nicole discusses:

How Private Vista gets to know their new clients
What the different aspects of the planning process are
How often Private Vista financial advisors communicate with their clients and when their clients should reach out to them
And more

Resources:

What You Can Expect From The Private Vista Experience (Ep. 2)

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What You Can Expect From The Private Vista Experience (Ep. 2)

Wed, 14 Sep 2022 09:15:00 -0500

Whether you found us by our website, our podcast or a referral, you might wonder what to expect if you choose to work with us, at Private Vista.

In this episode, Nicole Romito gives a debrief of what the Private Vista experience is like. She goes over what it’s like to call the office and what to expect afterward, what type of information should be prepared for the first meeting and some resources for collecting them.

Nicole discusses:

Why someone would contact Private Vista and what happens in that introductory call
What to expect after connecting with someone within the organization
What type of information a potential client needs to be prepared with
Tips and resources Private Vista has to help track down the information a potential client needs
And more

Resources:

Everything You Need To Know About Private Vista With Nicole Romito (Ep. 1)

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Everything You Need To Know About Private Vista With Nicole Romito (Ep. 1)

Wed, 14 Sep 2022 09:00:00 -0500

Welcome to Dollar$ and $ense: Creating Your Fulfilled Life with Nicole Romito, a Partner at Private Vista. We combine our years of personal and professional experiences with those of our guest experts to help you create the life you imagine.

In this episode, Nicole introduces Private Vista, what they specialize in, and what their clients can expect from their team. She then shares her business and investment philosophy and talks about her passion for helping people learn about managing their finances.

Nicole discusses:

Private Vista’s specialty and who their ideal client is
The Private Vista team, what drives them and how they empower their clients
How Nicole applies her passion for empowering people on Private Vista’s business and investment philosophy
And more

Resources:

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