Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)

Send us Fan MailStocks are trading at historically high valuations, but is comparing today’s market to the past really an apples-to-apples comparison? In this episode, Mike and Madison explore how lower trading costs, index funds, ETFs, retirement accounts, fractional shares, and broader diversification have transformed the investing experience.They look back at the days of fixed commissions, expensive mutual fund sales loads, round-lot requirements, and limited access to diversified portfolios. They also discuss why most individual stocks have failed to outperform Treasury bills, how a small number of companies have created most of the stock market’s long-term wealth, and why broad diversification remains so important.Stocks may be expensive by historical standards, but today’s market is also cheaper, easier, and more accessible to investors than ever before. Mike explains why those changes may help justify higher valuations—without eliminating volatility, market risk, or the need for a personalized investment strategy.

Send us Fan MailIn this episode of Not Just Numbers, Mike and Madison discuss the new Trump Accounts and what families should understand before opening or funding one. They cover who may qualify for the federal $1,000 seed contribution, how the accounts work, contribution limits, employer and grandparent contributions, investment restrictions, tax treatment, recordkeeping concerns, and how Trump Accounts compare with 529 plans.Mike also explains why state tax rules matter, why families should keep careful records from the beginning, and how these accounts may fit into a broader financial plan for children and grandchildren. Whether you have a newborn who may qualify for the federal contribution or an older child who could still use the account, this conversation highlights the key details to consider before taking action.

Send us Fan MailIn this episode of Not Just Numbers, Mike and Madison unpack three recent Wall Street Journal articles that raise timely questions about stocks, bonds, and cash. They discuss why the equity risk premium has narrowed, what higher bond yields may mean for investors, and why holding too much cash can quietly erode purchasing power over time. Mike explains how investors can think beyond simple rules of thumb and build portfolios around their goals, time horizon, cash flow needs, and comfort with risk. The conversation highlights why asset allocation is personal, why market headlines should not drive major portfolio decisions, and how the right mix of stocks, bonds, and cash depends on each investor’s financial plan.Wall Street Journal article links:https://www.wsj.com/finance/stocks/the-risk-premium-for-holding-stocks-over-bonds-is-vanishing-95be5b9dhttps://www.wsj.com/opinion/youre-probably-overinvested-in-bonds-1a498844https://www.wsj.com/finance/investing/were-keeping-too-much-cash-in-our-accounts-these-days-8cf6f3a0

Send us Fan MailWhat really happens when someone suddenly comes into a large amount of money? In this episode of Not Just Numbers, Mike and Madison unpack the emotional, psychological, and financial realities that follow inheritances, business sales, bonuses, and other major windfalls. From lifestyle creep and family pressure to “sudden wealth syndrome” and analysis paralysis, they explore the patterns they’ve seen advising clients through life-changing financial events.Mike shares real-world stories of families who handled wealth transfers well—and others who made decisions too quickly and quietly changed the trajectory of their financial future. The conversation also dives into the coming “Great Wealth Transfer,” with trillions expected to pass between generations over the next two decades, and why preparation matters just as much for those giving wealth as those receiving it.Whether your windfall is $20,000 or $20 million, this episode offers a practical framework for slowing down, making intentional decisions, and building a financial plan that aligns with your long-term goals and values.

Send us Fan MailIn this episode of Not Just Numbers, Mike and Madison take a closer look at one of the biggest questions in retirement planning: should you save in a traditional retirement account, a Roth account, or both? Inspired by a recent Wall Street Journal article, they unpack the popular “50/50 split” strategy and explain why the right answer depends far more on your personal tax situation, income trajectory, and retirement timeline than on any universal rule of thumb.Mike shares why he believes many investors — especially high earners — may be getting overly simplified advice when it comes to Roth versus pre-tax contributions, and how factors like future tax brackets, retirement age, and withdrawal timing can dramatically change the outcome. The conversation also explores how retirement planning has evolved for younger generations, who now have more Roth options and more investment choices than ever before.The episode also dives into the growing movement to introduce private equity and private credit investments into 401(k) plans, raising important questions about fees, liquidity, and complexity. To wrap up, Mike shares practical advice sparked by a recent Fidelity account glitch that serves as a reminder of why keeping physical copies of financial records still matters in a digital world.WSJ article: https://www.wsj.com/personal-finance/retirement/traditional-roth-retirement-accounts-best-112e31a1NYT article: https://www.nytimes.com/2026/04/23/your-money/401ks-and-similar-plans/401k-private-credit-crypto.html

Send us Fan MailGraduation is often seen as a finish line, but financially, it’s really a turning point. In this episode of Not Just Numbers, Mike and Madison explore what happens when college tuition payments end and a significant amount of cash flow is suddenly freed up. Without a plan, that money can quickly disappear into lifestyle spending or ongoing support for adult children—something more families are doing than ever before, often at the expense of their own retirement.Madison and Mike discuss why this moment is an opportunity for families to reset, have honest conversations about financial independence, and make intentional decisions about what comes next. They also highlight key strategies to consider, from boosting retirement savings and exploring Roth conversions to rebuilding emergency reserves and updating estate plans.If graduation is on the horizon in your family, this episode offers a clear perspective on how to turn this milestone into a smart financial step forward.

Send us Fan MailAre you still using rules like “100 minus your age” to guide your investments? In this episode of Not Just Numbers, Mike and Madison unpack a Wall Street Journal article featuring a Yale professor’s new approach to portfolio allocation.Instead of focusing on age alone, this framework considers your full financial picture—income, savings, future earnings, and risk tolerance. Mike shares his real-world perspective on where the theory works—and where it falls short—while emphasizing a key takeaway: consistent saving and smart financial habits matter more than finding the “perfect” portfolio. Link to WSJ article: https://www.wsj.com/finance/investing/yale-james-choi-portfolio-formula-stocks-02a96afb?gaa_at=eafs&gaa_n=AWEtsqfLF9La9AExUaN-x4mxSMxF7m76U9Y2Tu51DTcADTpRaEV8VSB5QBRt&gaa_ts=69a061a6&gaa_sig=k9FDgPDrCLOohCmUFMbPwGB1ubeUiCNgEMuEUoZICbbZ4DtPFQ9Y_ox2EUtnbogu6LLn7-_17k1hn2rNEE5pwQ%3D%3D

Send us Fan MailIn this episode of Not Just Numbers, Mike and Madison are joined by financial advisor Maureen Donahue to tackle a challenge many families face: how to teach teens and young adults to make smart money decisions before the stakes are high.Through real client stories and practical strategies, they explore why financial lessons stick best when kids experience real-world consequences—not just lectures. From setting spending limits and creating annual budgets to introducing investing through tools like Roth IRAs, Mike and Maureen share how parents can gradually shift from decision-makers to coaches.They also dive into key moments like the transition to college, the risks of easy access to digital money, and the importance of modeling good financial behavior at home.If you want to raise financially confident, independent kids—and avoid costly lessons later—this episode offers actionable insights to help you start early and build habits that last a lifetime.

Send us Fan MailIn this episode of Not Just Numbers, Mike and Madison break down the often confusing world of credit scores—why they can drop even when you’re making smart financial moves, and why they matter more than most people realize. Drawing on a Wall Street Journal article and Mike’s real-life mortgage experience, they explain how credit scores measure risk, not success.They explore why credit can feel invisible until it suddenly becomes critical, especially for young adults, and simplify what actually impacts your score—from payment history and credit utilization to credit history length. They also clear up common misconceptions, like whether you need to carry a balance, and share practical tips for building and maintaining strong credit.If you’ve ever been frustrated by credit score changes or unsure how to manage them, this episode offers clear, honest guidance to help you navigate the system with confidence.Link to WSJ article: https://www.wsj.com/personal-finance/credit/credit-score-young-adults-220d3893?gaa_at=eafs&gaa_n=AWEtsqfxwxhkg7P_L3Z0pkJbRTiE6qOm4QKVuICVY2JphL9vem-cW0aGqAGe&gaa_ts=69bab92c&gaa_sig=BTFm7egNUML3wC976Oh1zkURkuc9B-ddoE-EJZ1GWAHU71rDwz9XUx_lUQ2xjEU2se48BSZy5S3lAQbjDmD1cw%3D%3D

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Mike and Madison discuss three key numbers shaping the financial future of women: 45, 5, and 59.Women are projected to control 45% of investable assets by 2030, live about five years longer than men, and often face major financial transitions such as widowhood earlier than many expect. Mike and Madison explore what these trends mean for investment strategy, retirement planning, and estate preparation, and why having a clear, coordinated financial plan is more important than ever.Sources1. USA Facts, March 21, 2025https://usafacts.org/articles/do-women-live-longer-than-men-in-the-us/2. The Guardian, December 11, 2024https://www.theguardian.com/us-news/2024/dec/11/americans-living-with-diseases-health-study3. McKinsey & Company, May 8, 2025https://www.mckinsey.com/industries/financial-services/our-insights/the-new-face-of-wealth-the-rise-of-the-female-investor4. Diversified Trust, October 13, 2025https://diversifiedtrust.com/blog/women-and-wealth-transfer/5. Pew Research Center, April 13, 2023https://www.pewresearch.org/social-trends/2023/04/13/in-a-growing-share-of-u-s-marriages-husbands-and-wives-earn-about-the-same/6. Center for American Progress, May 9, 2025https://www.americanprogress.org/article/breadwinning-women-are-a-lifeline-for-their-families-and-the-economy/7. Gitnux, February 13, 2026https://gitnux.org/widowhood-statistics/8. Resto NYC, October 12, 2023https://www.restonyc.com/how-long-is-the-average-woman-a-widow/

Send us Fan MailMany investors assume that owning the S&P 500 means they’re fully diversified. But in today’s market, that may not be true.In this episode of Not Just Numbers, Mike and Madison discuss growing concentration in the U.S. stock market and why broad index funds may carry more risk than investors realize. With a small group of mega-cap companies driving a large portion of returns, portfolios that appear diversified on the surface can be heavily concentrated underneath.The conversation explores market history, including the 50% declines of the 2000s, the danger of sequence of returns risk in retirement, and why averages can be misleading when withdrawals are involved. Index funds remain powerful tools, but they aren’t a complete portfolio on their own. True diversification means preparing for different market environments — not just relying on what has worked recently.NYT article: https://www.nytimes.com/2026/01/30/business/stock-market-concentration-risk.html?unlocked_article_code=1.IVA.Ja1X.8WJsghdHvvIL&smid=nytcore-ios-share

Send us Fan MailTaxes are often treated as a once-a-year obligation, but they play a much bigger role in your overall financial life. In this episode of Not Just Numbers, Mike and Madison explore the difference between tax preparation and tax strategy—and why planning ahead can make a meaningful impact over time.They discuss how a year-round, coordinated approach to taxes can help shape future outcomes, covering topics like income timing, retirement plan contributions, Roth decisions, charitable giving, tax-loss harvesting, and estate planning. Along the way, they highlight recent rule changes and explain why working proactively with your financial and tax professionals can help reduce surprises and better align taxes with your long-term goals. Obviously, this episode is for general educational purposes only and is not tax or legal advice. Please speak to your professional for specific tax or legal advice.

Send us Fan MailAs we head into 2026, what lessons can we take from a year of major change?In this episode of Not Just Numbers, Mike and Madison break down the biggest developments of 2025 and what they mean for planning ahead. The discussion focuses on the One Big Beautiful Bill (OBBBA), including permanent tax law changes, higher standard deductions, new benefits for seniors, expanded SALT caps, and important incentives for business owners.Mike also explains the major increase in federal estate and gift tax exemptions and why this may be a unique window for advanced estate planning. The episode wraps up with a look at market performance, economic trends, and key factors to watch in 2026—highlighting why proactive, coordinated planning is more important than ever.

Send us Fan MailMost people think financial advice is something you do once — get a plan, make a few changes, and move on. In reality, that mindset can cost you tens or even hundreds of thousands of dollars over time.In this episode, Mike and Madison unpack why ongoing financial planning matters far more than people realize. They dive into the hidden tax mistakes even smart retirees make, how withdrawal and Social Security decisions can quietly drive lifetime taxes higher, and why tax planning is a year-by-year strategy — not a one-time fix.The conversation then shifts to the financial planning industry itself, including the rise of private equity, the decline of true independence, and what Bob Veres calls “the great stall.” Mike shares firsthand insight into why so many advisors sell, what actually happens after a firm is acquired, and why Yardley Wealth Management chose internal succession over private equity.If you’ve ever wondered what real financial planning looks like — or what’s happening behind the scenes in the advisory world — this episode is for you.

Send us Fan MailIn this episode of Not Just Numbers, Mike and Madison sit down to unpack the world of stock market pundits, the personalities who make sweeping predictions that often grab headlines but rarely stand the test of time. From Jospeh Granville’s market-moving calls to Michael Burry’s dramatic warnings, Madison and Mike explore why bold voices attract so much attention, why even the most famous forecasters struggle to repeat their “big win,” and how relying on these predictions can lead investors astray. Mike breaks down the psychology behind overconfident gurus, the dangers of reacting emotionally to extreme forecasts, and why long-term fundamentals consistently outperform dramatic market timing attempts. Whether you’ve ever wondered if you should “sell everything” after a scary headline, or why influencers with millions of views aren’t necessarily credible, this episode offers a grounded, insightful look at what really matters for building lasting wealth: discipline, diversification, and sticking to a plan.Link to Wall Street Journal Article: https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-tariff-deadline-08-07-2025/card/predicting-market-crashes-for-fun-and-profit-uKs2Dee6njQx9hbj5PkM?gaa_at=eafs&gaa_n=ASWzDAjXc9QSZVwwBdxh1CJb3maJSeTBH7An4Abo-iMs55L_zD8wGvP7j23j&gaa_ts=68a33fcb&gaa_sig=bkwa-pgMaml3j7i_yFSL8GixDTX_8IAdnfvX4iT8m_P-NyMqsQKZNaBOoSvRu3YE-z7Bu54Q1bvgG4pRAsGZ8w%3D%3D

Send us Fan MailIn this episode of Not Just Numbers, Mike and Madison unpack the major retirement plan updates arriving in 2026. They break down new 401(k) contribution limits, expanded catch-up opportunities, and the significant shift to Roth-only catch-up contributions for higher earners. They explain who will be most affected, how these changes could impact taxes and take-home pay, and what steps savers can take now to prepare. Whether you’re approaching retirement, maximizing savings in your peak earning years, or simply trying to stay ahead of policy changes, this conversation helps you make sense of what’s coming and how to navigate it with confidence. 

Send us Fan MailAs the year draws to a close, charitable giving surges — and with thoughtful planning, those gifts can become even more meaningful. In this episode of Not Just Numbers, Mike and Madison explore how to make your generosity truly count, both for the causes you care about and for your long-term financial plan. They discuss why December is such a powerful month for charitable contributions, the emotional and cultural forces behind year-end generosity, and how new tax laws taking effect in 2026 may influence how donors approach giving in the years ahead. Whether you’re giving modestly or making substantial contributions, this episode offers guidance on how to plan ahead, avoid year-end pitfalls, and ensure your generosity supports both the missions you love and your financial wellbeing. Then, Mike and Maddie sit down with Christian LeFer, founder and CEO of Instant Nonprofit, who has helped more than 5,000 people launch IRS-approved 501(c)(3) organizations. Christian shares how growing up in a nonprofit-driven family shaped his belief in “wealth with purpose,” and how his own frustrating experience trying to start a nonprofit led him to build a streamlined, done-for-you system that removes the bureaucracy and lets people focus on impact. Christian explains why a 501(c)(3) can be a powerful tool for tax strategy, legacy planning, and aligning wealth with personal values, often accessible to everyday families, not just the ultra-wealthy. He also breaks down how to know whether forming your own foundation or nonprofit is the right choice and why imperfect action is the key to creating meaningful change. If you’ve ever wondered how to turn a personal mission into a real vehicle for impact or build a legacy that lasts, this conversation offers clear guidance and inspiration. Christian also shares a free starter kit for listeners at instantnonprofit.com/podcast. Instant Nonprofit links:Instant Nonprofit Startup KitFacebook: https://www.facebook.com/InstantNonprofitLinkedIn: https://www.linkedin.com/company/instantnonprofit/posts/?feedView=all&viewAsMember=trueYouTube: https://www.youtube.com/@InstantNonprofitUSAConnect with Christian LeFer on LinkedIn: https://www.linkedin.com/in/christianlefer/

Send us Fan MailCaring for aging parents is one of the most emotional, and financially complex, challenges many families will face. In this episode of Not Just Numbers, Mike and Madison dive into the realities of caregiving, what it looks like, why it’s becoming more common, and how families can prepare before it becomes a crisis. They discuss the growing prevalence of caregiving in America, the emotional and physical toll it can take, and the significant financial strain that often follows. From burnout and guilt to long-term care costs and Medicare misconceptions, Mike and Madison explore both the human and financial sides of this responsibility. Whether you’re already providing care or preparing for the future, this episode offers compassionate guidance and actionable steps to help you protect both your parents’ wellbeing and your own financial security. Later in the episode, Mike and Madison sit down with Jimmy Rios, founder of Rios Business Advisors and Rios Business Funding. With more than 20 years of experience in financial services, Jimmy has dedicated his career to helping entrepreneurs understand and take control of their business finances. From practical steps for managing debt and improving credit to real-world examples of clients transforming their businesses, this episode offers valuable insights for anyone looking to grow, fund, or eventually sell their business the right way.Connect with Jimmy RiosRios Business Funding website: https://riosbusinessfunding.com/Rios Business Funding YouTube: https://www.youtube.com/@RiosBusinessFundingLinkedIn: https://www.linkedin.com/company/rios-business-advisors/Facebook: https://www.facebook.com/Riosbusinessfunding/ 

Send us Fan MailIn this episode of Not Just Numbers, Mike and Madison break down a costly estate planning mistake that led one family to pay $1.5 million in unnecessary taxes. Using a recent Wall Street Journal case as an example, they explain how filing errors and missed portability elections can erase major tax benefits for heirs. Tune in to learn how to avoid these common estate tax pitfalls, why filing even when no taxes are due matters, and how proper planning can protect your family’s wealth for generations. Later in the episode, Mike and Maddie sit down with Shellee Howard, founder of College Ready, Certified Educational Consultant, and two-time bestselling author. Shellee shares how she guided her own four children, one a Harvard graduate, to graduate debt-free, and how she now helps families around the world navigate the complex world of college admissions and financial aid. Whether your child is in middle school, high school, or about to send off applications, this episode will help you make smarter, more confident college decisions.Wall Street Journal article: https://www.wsj.com/personal-finance/taxes/estate-taxes-portability-planning-mistakes-26111632?gaa_at=eafs&gaa_n=ASWzDAh4ABe7RUwCefArlc4WRH-DaE3FHzfoFogHGCAB4fVO7GDJQZ4eItEw&gaa_ts=68a48807&gaa_sig=taVvcCuHsvFdarXJVp5Ofj9x7e6lcfcWUAJDzPHlrN5Kg2UHNgbvaR2C1_GA22bmORuHGPUOsir_XPyoC_aL0g%3D%3D Connect with Shellee Howard30-minute discovery call with Shellee Collegereadyplan.info Empowereducation.worldThe College Admissions Plan Simplified by Shellee Howard How to Send Your Student to College Without Losing Your Mind or Your Money By Shellee Howard 

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Mike and Madison dive into one of the most common financial questions: Should I pay off my mortgage early? They break down the advantages and disadvantages of paying down your mortgage ahead of schedule. From interest savings and peace of mind to opportunity costs and tax considerations, this conversation will help you weigh whether being mortgage-free is the right financial move for you. Later in the episode, Mike and Maddie sit down with Yvonne, Executive Director of The Crossings Animal Society, a non-profit, no-kill animal welfare organization serving Bucks and Mercer Counties since 2009. Yvonne shares her personal journey into animal advocacy, the inspiring mission behind The Crossings Animal Society, and how programs like Animal Help and Adoption Network, the Boris & Natasha’s Fund, and their Pet Rescue, Surrender & Adoption program are transforming the lives of pets and families alike. Tune in to learn how The Crossings Animal Society is building a community of compassion, and how you can make a difference, too.Connect with The Crossings Animal SocietyPhone number: (215) 321-4673Email: [email protected] Bluesky

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Mike and Madison unpack Jason Zweig’s Wall Street Journal article, “Colleges Fail This Basic Test.” They explore how some of the nation’s wealthiest universities, with billions in endowments, still find themselves scrambling for cash during downturns. Mike explains why liquidity is essential, even for billion-dollar institutions, and how the same principle applies to individual investors. From the dangers of illiquid alternatives to the timeless importance of balance and discipline, this conversation highlights lessons that can help anyone build a more resilient financial future. Later in the episode, Mike and Maddie sit down with Matt Stout, owner of Stout Organics Turf and Plant Care. Matt shares his journey from golf course superintendent to business owner, why organic applications often outperform traditional chemical-heavy methods, and how healthy soil leads to healthier lawns. Whether you’re curious about organic lawn care, entrepreneurship, or simply want to hear an inspiring story about following your passion, this episode has something for you.WSJ article: https://www.wsj.com/finance/investing/the-ivy-league-keeps-failing-this-basic-investing-test-747c8b8c?gaa_at=eafs&gaa_n=ASWzDAi6q-kexbJigsQZzQvqcBiOYnGNHHyWYL-zVztMQc1RE8-utVqP4Psz&gaa_ts=68af08bf&gaa_sig=6a0g0dzRyJiYaJQfe_XeDeI-anCTil10hsWI6GqPVqKQyeZtV7e9hmEqIbNMvC_ScRks7EZb0cZj4m214JX34Q%3D%3DConnect with Matt StoutEmail: [email protected] number: 215-534-2765Instagram: https://www.instagram.com/matthewvstout/Facebook: https://www.facebook.com/p/Matthew-stout-100083622310192/

Send us Fan MailMillennials are entering midlife with more wealth than previous generations at the same age, yet many remain anxious about their financial futures. In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike sit down with Maureen to unpack what’s driving this paradox. They explore how economic challenges shaped millennials’ money habits, what today’s numbers really reveal, and what it all means for financial planning moving forward. Later in the episode, Mike and Maddie sit down with Anne Lester, author of Your Best Financial Life: Save Smart Now for the Future You Want and former Head of Retirement Solutions at J.P. Morgan Asset Management. With more than 20 years of experience shaping how millions of Americans approach retirement savings, Anne shares her passion for helping Millennials and Gen Z overcome financial anxiety and take control of their financial futures. We dive into her journey, the common mistakes people make when it comes to saving, and practical strategies to build lasting financial security. Whether you’re just starting your career or planning ahead for retirement, this conversation offers invaluable insights into creating the future you want.Link to WSJ article: https://www.wsj.com/personal-finance/millennial-wealth-financial-anxiety-39fd215b?gaa_at=eafs&gaa_n=ASWzDAiXm2SZFSt_Kuk0sm7ScxaCPj84DWMFhoyJOldFPjlFFyeCWOgHQ6wA&gaa_ts=68a33d0f&gaa_sig=TZh59pLmqdpzXMGF0U_ojtEAafSjO3wSz68a0XWST5uIoI9TYTdJyoOlD0qJ0W29c9feJjTkKxRcu4KUG3WM_w%3D%3DAnne Lester linksAnne's book: https://annelester.com/your-best-financial-life/Anne's website: https://annelester.com/speaking/Connect with Anne on LinkedIn: https://www.linkedin.com/in/savesmartwanne/

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike break down the sweeping One Big Beautiful Bill Act, a new tax law signed into effect in July.At 887 pages, this legislation makes several provisions of the 2017 Tax Cuts and Jobs Act (TCJA) permanent while introducing new deductions, exemptions, and planning opportunities for individuals, families, and business owners.Mike, a financial advisor, CFP® practitioner, and estate planning lawyer, explains what these changes mean in practical terms, from permanent lower tax brackets and expanded estate and gift tax exemptions to new deductions for tips, overtime, and auto loans. They also cover the introduction of the Child Savings Account, updates to 529 education plans, charitable giving incentives, and critical business provisions such as QBI deductions, bonus depreciation, and succession planning strategies.While some updates are permanent, many incentives expire in 2028, making proactive planning essential. Whether you’re focused on your family’s future, your business, or your legacy, this episode highlights what you need to know, and the steps to consider now.

Send us Fan MailIn this episode of Not Just Numbers, Madison and Mike explore how our personal financial memories, whether shaped by market crashes, bull runs, or housing booms, can cloud judgment and influence investing decisions. Inspired by Jason Zweig’s Wall Street Journal article, they unpack the dangers of recency bias, the evolving role of cash in portfolios, and the importance of balancing historical perspective with real-time adaptability. Learn how to avoid overreacting to market noise, keep emotions in check, and build a strategy that stands the test of time. Then Mike and Maddie were joined by Joe Dillon, a nationally recognized divorce mediator and founder of Equitable Mediation. Drawing from his personal experience as a child of divorce and nearly two decades of professional expertise, Joe explains how mediation can save couples time, money, and emotional turmoil compared to traditional litigation. He shares real-life examples, common financial pitfalls, and practical tools for navigating complex decisions, especially when children are involved. Whether you’re facing divorce yourself or supporting someone who is, this conversation offers a candid look at why a fair, informed, and child-focused approach can lead to better long-term outcomes.Link to WSJ article: https://www.wsj.com/finance/investing/the-mistake-youre-making-in-todays-stock-marketwithout-even-knowing-it-8549894eEquitable Mediation website: https://www.equitablemediation.com/

Send us Fan MailIn this episode of Not Just Numbers, Madison and Mike break down the upcoming 2025 changes to inherited IRA rules, and why beneficiaries and financial planners alike need to pay close attention. They discuss how the SECURE Act has already reshaped the way IRAs are passed on and what’s coming next as the IRS begins enforcing the 10-year distribution rule more strictly.Mike explains who the new rules apply to, what beneficiaries need to prepare for, and how to navigate these changes in a way that aligns with your broader financial and estate planning goals. Whether you’ve inherited an IRA, expect to leave one behind, or simply want to stay ahead of retirement law updates, this episode offers clear, practical guidance on what’s at stake and how to plan ahead.

Send us Fan MailIn this episode, Madison and Mike break down “Mailed, Stolen, and Cashed,” a New York Times article by Ron Lieber that uncovers a disturbing trend: checks being stolen from the mail, altered, and cashed. Mike shares insight into the systemic issues that make this possible, how consumers are being left in the dark, and what to do if it happens to you. From financial literacy to institutional responsibility, this conversation sheds light on the hidden risks of mailing payments and what needs to change. Link to NYT article: https://www.nytimes.com/2025/05/17/business/paychex-401k-rollover-checks.html

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike are joined by Certified Financial Planner Practitioner Maureen Donahue to unpack one of the most misunderstood, and potentially most valuable parts of employee compensation: equity. From stock options to RSUs, the team dives into what these benefits actually are, how to evaluate them, and what to consider when they're part of your compensation package. Whether you're a tech professional, executive, or just curious about how equity fits into your total compensation, this episode will help you make smarter, more informed financial decisions. 

Send us Fan MailIn this episode of Not Just Numbers, Madison and Mike dive into one of the most common questions clients ask: How do I turn my retirement savings into reliable income? Mike explains the importance of timing Social Security benefits, strategies for minimizing lifetime taxes through smart withdrawal planning, and how to protect your portfolio against market downturns with proper asset allocation. Whether you’re approaching retirement or advising someone who is, this episode offers practical insights for creating a sustainable income plan.Then, Madison and Mike sit down with Eric, the founder of The Garden Artisan, to explore how he turns outdoor spaces into personalized works of art. Eric shares how his passion for plants and design, combined with real-world experience, led him to start his own landscaping business. He talks about how outdoor design has shifted over the years, why listening to clients is key, and how he balances creativity with practical challenges like budgets and site limitations. It’s a conversation about craftsmanship, communication, and creating spaces people love to live in.The Garden Artisan socials:WebsiteInstagramFacebook 

Send us Fan MailIn this episode of Not Just Numbers, Madison and Mike break down a recent Wall Street Journal article that challenges the popular belief that moving to a no-income-tax state guarantees retirement savings. From skyrocketing insurance costs to hidden fees and property taxes, Mike explains why retirees need to think beyond just income tax rates when relocating. Learn how financial strategies like Roth conversions can help reduce state-level tax burdens, and why every move should come with a full cost-of-living analysis. Don’t pack your bags without tuning in first. Link to WSJ article: https://www.wsj.com/personal-finance/taxes/retirement-low-tax-rate-states-move-cabdb31b

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike dive into a New York Times article about the mental and emotional challenges of retirement. They discuss why thoughtful preparation beyond finances is essential for a successful and fulfilling retirement, the importance of finding purpose after leaving the workforce, and how social engagement, hobbies, and volunteer work can significantly impact retirees' well-being. Mike shares real-world insights and emphasizes that retirement planning is about much more than just hitting a savings goal — it’s about designing a meaningful next chapter.Link to NYT Article: https://www.nytimes.com/2025/03/26/well/mind/retirement-brain-mental-health-tips.html

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, hosts Madison Demora and Mike Garry introduce April’s Employee Spotlight, Amy Garry—financial planning associate at Yardley Wealth Management. Amy shares her journey into the industry, her dedication to the firm's mission, and a few fun personal details. Mike also dives into a candid discussion about recent market volatility, offering perspective on long-term investing, stress-testing financial plans, and how emotions and news headlines can mislead even seasoned investors. Whether you're new to financial planning or navigating uncertain markets, this episode blends human insight with real-world financial guidance. 

Send us Fan MailIn this episode of Not Just Numbers, hosts Mike Garry and Madison DeMora sit down with Dr. Emily Koochel, a leading expert in financial wellness, behavioral finance, and financial psychology. As the Manager of Financial Wellness at eMoney Advisor, Dr. Koochel shares insights on how our relationship with money is shaped from an early age, the impact of financial transparency on trust, and strategies for navigating financial conflicts in relationships. She also discusses the psychological challenges of retirement and the importance of connecting with one’s future self. Whether you’re a financial professional or someone looking to improve your financial mindset, this conversation is packed with valuable takeaways.Connect with Dr. Koochel: https://www.linkedin.com/in/emilykoochel/

Send us Fan MailIn this episode, Mike and Maddie welcome Apollo Lupescu, Vice President at Dimensional Fund Advisors, a premier investment manager with over $800 billion in assets. With a Ph.D. in Economics and Finance from UC Santa Barbara and 21 years at Dimensional, Apollo offers deep insights into the firm’s data-driven approach to investing. He explains key investment concepts, including the differences between mutual funds and ETFs, the benefits of stock ownership, and how bonds serve as an alternative to equities. Apollo also discusses the evolution of investing strategies, the importance of global diversification, and why emotions can be an investor’s worst enemy. Throughout the conversation, Apollo shares practical advice on building a solid investment plan, avoiding common pitfalls, and maintaining patience in the market.We encourage listeners to watch the video version of the interview on our YouTube channel, as Apollo uses visuals to enhance his explanations. Tune in to gain valuable insights on smarter investing and the role of financial planning in long-term wealth building!Connect with Apollo: https://www.linkedin.com/in/apollo-lupescu-78a3b87a/

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, hosts Madison Demora and Mike Garry break down everything you need to know about Roth IRA conversions. If you're considering converting your traditional IRA to a Roth IRA but aren’t sure if it’s the right move, this episode is for you. Mike explains the key differences between traditional and Roth IRAs, the tax implications of a conversion, and who should (or shouldn’t) consider making the switch. They discuss timing strategies, how much to convert, and why factors like income levels, retirement timing, and even your children’s tax brackets can influence your decision. Later, we sit down with Tim and Suzanne Foster, the husband-and-wife team behind T. Foster & Co., a fine jewelry company renowned for its classical designs with a modern flair. From their beginnings in 1982 to winning multiple national design awards, the Fosters share their journey in the jewelry industry and the evolution of their craft. Whether you’re a jewelry enthusiast or curious about the artistry behind fine design, this episode offers a fascinating look into the world of T. Foster & Co.T. Foster & Co. links:Website: https://www.tfosterjewelers.com/Instagram: https://www.instagram.com/tfosterjewelers?igsh=MW1ycm9xbXJ3dmV0eg%3D%3DFacebook: https://www.facebook.com/TFosterFineJewelryDesign?mibextid=uzlsIk&rdid=Z4YZ7waqGjr1V9GD&share_url=https%3A%2F%2Fwww.facebook.com%2Fshare%2FnsW4uc14v3kurmWC%2F%3Fmibextid%3DuzlsIk

Send us Fan MailIn this episode of Not Just Numbers, Madison Demora and Mike Garry discuss the surprising trend of wealthy retirees underspending in retirement despite having the financial means to enjoy it. They explore the "retirement consumption puzzle" and the psychological shift from decades of saving to spending. Mike shares insights from client experiences, explains the importance of planning for meaningful spending, and offers strategies to strike the right balance between financial security and enjoying life's best years.WSJ article link: https://www.wsj.com/personal-finance/retirement/retirement-spending-longer-life-savings-4b511053

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison Demora and Mike Garry break down a recent Wall Street Journal article, "Paying More Tax Can Be a Smart Play" by Laura Saunders. They discuss why traditional tax-deferral strategies may backfire, especially for retirees with large tax-deferred accounts like 401(k)s and IRAs. Mike explains how proactive tax planning such as strategic Roth conversions and capital gains management can help reduce overall lifetime tax burdens. Tune in for expert insights on navigating required minimum distributions (RMDs), Medicare surcharges, and tax-efficient retirement planning.WSJ article link: https://www.wsj.com/personal-finance/taxes/when-paying-more-tax-not-less-is-the-smart-play-bab46ee5

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike discuss the fascinating story of Steve Mitchell, a Texas engineer who became determined to achieve a perfect 850 credit score. They explore Mitchell's journey, the strategies he used, and whether perfection is truly necessary when it comes to credit scores. Mike shares the importance of responsible credit habits, and when focusing on your score can become counterproductive. Tune in for practical advice on maintaining strong credit while keeping your financial health in perspective. Later in the episode, they are joined by Ryan Dittes, the owner of RDs Total Lawn, a lawn care business dedicated to exceptional customer service, employee development, and growth. Ryan shares insights on building a business that thrives through strong communication, reliability, and a focus on long-term success. From managing the challenges of a seasonal industry to fostering a positive company culture, we explore the core values that drive RD's Total Lawn. Join us for a candid conversation about the keys to running a successful business while prioritizing customer care, team development, and sustainable growth.WSJ article: https://www.wsj.com/personal-finance/credit/perfect-credit-score-achievement-02cb2ec2RDs Total Lawn links: Website: https://www.rdtotallawn.com/Instagram: https://www.instagram.com/rdtotallawn/Facebook: https://www.facebook.com/RyansLawnCare19047YouTube: https://www.youtube.com/@RDTotalLawn

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, hosts Madison Demora and Mike Garry break down the essentials of employer stock awards, including Restricted Stock Units (RSUs), stock options, and the key financial strategies you need to know. Learn how vesting schedules, strike prices, and cashless exercises work, and discover how to manage tax implications while maximizing your income potential. Whether you're new to stock-based compensation or looking to diversify your portfolio, this conversation will help you make informed decisions about your financial future.

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike discuss the critical importance of living wills and advance directives. Inspired by a recent Wall Street Journal article, "When Making a Living Will, Talk to Your Loved Ones." If you’ve ever wondered how to ensure your medical wishes are honored or how to prepare your loved ones for difficult decisions, this episode provides practical advice to help you navigate these essential conversations. Then, we welcome Paula Zimmerman, founder of ProSonder Solutions, an HR consulting firm dedicated to helping businesses thrive through tailored HR strategies. Paula shares her journey from employment attorney to fractional HR leader, explaining how she helps business leaders focus on growth by taking HR challenges off their plates. She believes that strong HR practices are a competitive advantage and a path to creating better workplaces—and a better world. Join us for a compelling conversation about innovation, leadership, and the practical steps businesses can take to unlock their potential.Link to WSJ article: https://www.wsj.com/personal-finance/she-signed-a-living-will-her-sister-didnt-honor-it-6ee34838Paula Zimmerman Links: Paula's LinkedIn: https://www.linkedin.com/in/pjzimmerman/ProSonder Solutions website: https://www.prosonder.com/

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, hosts Madison Demora and Mike Garry discuss the hidden financial impacts of job changes on 401(k) savings. Reviewing insights from a recent Wall Street Journal article by Anne Tergesen, they explore how job-switching can disrupt retirement planning, often leading to neglected 401(k) enrollments or lowered savings rates. Together, they discuss practical strategies to avoid common pitfalls, from maintaining steady contributions to understanding the importance of proactive planning when rolling over 401(k) funds into IRAs. Tune in to discover how to safeguard your retirement savings, even during career transitions.Wall Street Journal article link: https://www.wsj.com/personal-finance/retirement/changing-jobs-can-put-a-300-000-dent-in-retirement-savings-e4b88f58

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, hosts Madison and Mike discuss the growing trend of including pets in estate planning. They explore why more people are designating guardians and funds for pets in their wills, a practice once limited to the wealthy. Key topics include the benefits and risks of including pets in estate plans, how much money to allocate for their care, the lack of legal oversight for pet guardians, and whether pet trusts, such as the one created by Leona Helmsley, are necessary. Later joined by Michael Silverman, President and CEO of Silver Lining Insurance Agency. Michael shares insights from his long career in the insurance industry, which began in 1988. He discusses his journey into the family business, partnering with his father, and founding his own agency in 2019, where he focuses on creating personalized insurance solutions. Silverman emphasizes the importance of tailoring insurance to individual needs, avoiding one-size-fits-all approaches, and understanding what each client values most. The conversation touches on key aspects of risk management, the importance of ongoing education, and the emotional impact of life insurance planning. Silverman shares personal experiences and highlights the human side of financial advising—helping families prepare for life's uncertainties with care and compassion.Link to WSJ article: https://www.wsj.com/personal-finance/you-love-your-dog-should-she-be-in-your-will-a2af9b04Silver Lining Insurance Agency links:Website: https://slia.agency/Facebook: https://www.facebook.com/SilverLiningInsurance/LinkedIn: https://www.linkedin.com/company/silverliningins/X: https://twitter.com/SilverLiningIns

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, hosts Madison Demora and Mike Garry dive into an article from the Wall Street Journal titled "These Mutual-Fund Holders Should Brace Themselves for a Big Tax Bill" by Daisy Maxey. They discuss the tax implications of capital gains distributions in mutual funds, why these distributions occur, and how investors can minimize the tax impact. Mike shares personal anecdotes about his connection with the article's author and provides actionable strategies for managing mutual fund investments in taxable accounts. Tune in for expert insights on how to navigate tax season and optimize your investment portfolio!Wall Street Journal link: https://www.wsj.com/personal-finance/taxes/mutual-funds-taxes-48ea646c

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike dive into the fascinating world of stock market gains. They discuss a recent article by Russ Wiles, highlighting research by Dr. Hendrik Bessembinder, which reveals that just over 4% of stocks account for all net wealth growth in the stock market over the last 100 years. Mike, a CFP® practitioner and estate planning attorney, breaks down the forces behind why such a small percentage of stocks drive long-term gains and challenges common assumptions about stock picking versus index investing. They explore the role of compounding, the challenges of identifying future high-performing stocks, and the importance of diversification for long-term success. Whether you're a seasoned investor or just getting started, this conversation offers valuable insights into the dynamics of market growth. Tune in for an honest discussion that could change how you approach your portfolio!

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, hosts Madison Demora and Mike Garry explore the complexities of managing your retirement savings. In the beginning of the episode, they tackle a listener's question on long-term care insurance. Then, dive into a Wall Street Journal article by Olivia Mitchell, discussing the pros and cons of rolling over a 401(k) into an IRA versus leaving it in an employer-sponsored plan. Mike shares expert insights on investment options, fees, fiduciary protections, and estate planning considerations. Whether you’re nearing retirement or simply planning ahead, this episode is packed with valuable advice to help you make informed decisions about your financial future.Wall Street Journal article: https://www.wsj.com/personal-finance/retirement/what-to-do-with-401k-after-retirement-22b9b787

Send us Fan MailMadison and Mike discuss three articles from the Wall Street Journal related to the financial industry, focusing on the implementation of a fiduciary rule, the pros and cons of interval funds, and the high fees and lack of transparency in closed-end funds. They also explore the potential risks and returns of interval funds, the importance of educating investors about complex investment products, and the missed opportunities by Bill Ackman due to not innovating with lower fees and a direct approach to individual investors. The discussion concludes with the importance of lower expenses, transparency, and liquidity in investment products, and the suggestion of a globally diversified portfolio with reasonable costs.Wall Street Journal article links: Insurers Are Winning a Fight To Curb Retirement Saver Aids: https://www.wsj.com/personal-finance/retirement/the-insurance-industry-is-winning-a-fight-to-kill-new-protections-for-retirement-savers-54030e41The Fees on These Funds Will Leave You High and Dry: https://www.wsj.com/finance/investing/the-fees-on-these-funds-will-leave-you-high-and-dry-4b556475What Bill Ackman Got Wrong With His Bungled IPO: https://www.wsj.com/finance/investing/bill-ackman-pershing-square-psus-6b8db4fa

Send us Fan MailMadison and Mike discuss the rising need for umbrella insurance due to increasing costs and larger claims, emphasizing its role in providing additional liability coverage. They highlight the importance of considering one's personal assets, risk profile, and net worth when determining the amount of umbrella coverage needed, especially for individuals with high visibility or in certain professions. Later, Mike turns the employee spotlight on Madison for a change! Madison discusses her journey at Yardley Wealth Management, her role in producing the company's podcast, and her personal interests outside of work. Madison also shares her pride in the podcast she produces and her fulfillment in assisting her colleagues and interviewing local businesses. The conversation concludes with Madison expressing her gratitude for being featured in the employee spotlight.Link to Wall Street Journal article: https://www.wsj.com/personal-finance/umbrella-insurance-covers-worst-case-scenarios-there-are-now-more-of-them-e655f2d3

Send us Fan MailMadison and Mike discuss why investors might be drawn to high dividend yields, such as the potential for steady income and the allure of getting returns without waiting for stock appreciation. However, Mike cautions against the risks, including the possibility that a high yield might result from a declining stock price or unsustainable payouts. He also advises against focusing solely on high dividend yield stocks and instead considering a broader investment strategy, aiming for a globally diversified portfolio based on other factors. Later, we sit down with Ben Madden, the owner of Allied Cleaning Services, a well-established local business in Yardley. Ben shares the story of how the company was founded by his father 43 years ago and the journey of taking over and expanding the business. He discusses the range of services they offer, including residential and commercial cleaning, windows, floors, carpets and power washing. We delve into the importance of quality work and strong customer relationships, with Ben emphasizing how word-of-mouth and community referrals have been vital to their success. Allied Cleaning Services website: https://www.allied-cleaning.com/Allied Cleaning Facebook: https://www.facebook.com/AlliedCleaningServicesLLCAllied Cleaning Instagram: https://www.instagram.com/allied.cleaning.llc/Allied Cleaning phone number: 215-493-0759

Send us Fan MailMadison and Mike discuss the complexities and financial implications of transferring a house to a child, including potential risks, tax liabilities, and the impact on Medicaid eligibility. They emphasize the importance of consulting with a financial advisor and elder law attorney to make a well-informed decision and stress that each individual's situation is unique. The discussion concludes with a call for listeners to gather all necessary information and seek expert advice before making any decisions.

Send us Fan MailMadison and Mike discuss the key decisions to be made before and during retirement, emphasizing the importance of maintaining strong relationships, planning for uncertainties, and creating a retirement budget. They also underscore the need to prioritize physical and mental health, and to have essential legal documents in place. Lastly, they highlighted the importance of finding a balance between relaxation and staying active in strengthening relationships with family and friends.

Send us Fan MailMadison and Mike discuss the intricacies of Medicare, focusing on its different types of coverage and eligibility criteria. Mike underscores the significance of enrolling during the initial period and the advantages of supplemental coverage like Medicare Advantage plans and Medicaid Gap policies. They also highlight the need for consultation with a Medicare specialist to tailor coverage to individual needs and budget.