Tag: Leonard Advisory Group

How to Maximize Your Tax Savings with Pete Belcastro, CFP®
Don’t Let Taxes Crash Your Party – How to Maximize Your Tax Savings with Pete Belcastro, CFP® (Ep. 40)

Don’t Let Taxes Crash Your Party – How to Maximize Your Tax Savings with Pete Belcastro, CFP® (Ep. 40)

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Tax time is near. Nobody wants to pay taxes, but we have to, so let’s talk about how we can maximize our tax savings.

In this episode, Josh Leonard and Pete Belcastro, Financial Planner at Leonard Advisory Group, talk about tax planning. They share tips for filing taxes this year and some ways to help reduce taxation in the future and be more tax-efficient. Josh and Pete cover the importance of reporting interest from savings accounts, accurately reporting capital gains from stock sales, and the benefits of qualified charitable distributions. 

Their conversation also includes strategies for making HSA and IRA contributions to reduce taxable income and the significance of conducting a thorough tax analysis for future savings. Additionally, Josh and Pete explore the pros and cons of traditional versus Roth 401(k)s, tax diversification, Roth conversions, and managing capital gains and charitable giving. They also discuss handling sudden income increases and the use of donor-advised funds for tax-efficient charitable contributions.

Josh and Pete discuss:

  • Importance of reporting interest earned on savings accounts and capital gains from stock sales for tax purposes
  • Qualified charitable distributions as a tax-efficient way to donate to charities
  • Tax implications of qualified accounts and making direct contributions to charities from these accounts
  • Opportunity to make HSA and IRA contributions before the tax filing deadline to lower taxable income
  • Benefits of traditional 401(k) versus Roth 401(k) contributions
  • Strategies for managing capital gains and charitable giving as part of comprehensive tax planning
  • Importance of proactive tax planning and practical advice for optimizing tax strategies
  • And more

Resources:

Connect with Josh Leonard: 

Connect with Pete Belcastro: 

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Navigating Life’s Twists and Turns: A Candid Conversation with Yana Leonard | Family, Finance, and More (Ep. 39)

Navigating Life’s Twists and Turns: A Candid Conversation with Yana Leonard | Family, Finance, and More (Ep. 39)

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Have you ever wondered how successful couples navigate the challenges of marriage, parenthood, and career?

Meet Yana Leonard, CIA, MBA, a key member of the team at Josh Leonard Advisory Group, as she steps into the spotlight in this episode of Relax, It’s Retirement.

Today, Josh introduces his wife, Yana Leonard, CIA, MBA, Director of Finance, to listeners. They dive into the evolution of their relationship from their college days to marriage. Josh and Yana candidly discuss the hurdles they’ve overcome, including the birth of their children and the strain of the COVID-19 pandemic on their family life. 

Knowing the team at Leonard Advisory Group is very important to them. The episode aims to give listeners the opportunity to get to know Yana.

Josh and Yana talk about: 

  • The story of their relationship from college to marriage
  • Challenges faced as a couple, including the birth of their children and the impact of COVID-19
  • Importance of communication, balancing priorities, and finding time for each other
  • Challenges of finding a balance between individual interests, work, and family commitments
  • And more

Resources:

Connect with Josh Leonard: 

Connect with Yana Leonard:

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Your Recession Survival Guide (Ep. 13)

Your Recession Survival Guide (Ep. 13)

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Have you been in a sticky situation where you needed to pay a large amount of money but did not have liquid assets on hand? With price increases on basic necessary items, it is time to start thinking smarter, not harder. 

In this episode, Josh Leonard outlines a number of saving strategies you can start incorporating into your daily life now, to combat the stressors that come with surviving the current recession. 

Josh discusses: 

  • Some key tips for saving your money while prices hike up
  • Rising along with interest rates – locking in higher retirement rates
  • The 10% rule you can use as a guide for all of your investments in your portfolio
  • And more

Resources:

Connect with Josh Leonard: 

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Goal Setting for the New Year (And How to Stay Accountable) (Ep. 9)

Goal Setting for the New Year (And How to Stay Accountable) (Ep. 9)

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New year, new you… At least until around March.

Isn’t that always how it goes? Most of us set some goals but fall off the wagon not too long after. We get it.

In this episode, Josh Leonard talks about the challenges of staying accountable and on track with your New Year’s resolutions. He shares some tips and tricks for how to overcome these VERY common challenges.

Josh discusses: 

  • His New Year resolutions and how he plans to stay on track for achieving them
  • The SMART goals framework, how it works and why it works
  • The importance of staying accountable to achieve your goals
  • Some creative ways to make goal-setting a fun process
  • And more

Resources:

Connect with Josh Leonard: 

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5 Hidden Year-End Tax Saving Strategies (Ep. 7)

5 Hidden Year-End Tax Saving Strategies (Ep. 7)

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2022 has been a challenging year, to say the least. From the war in Ukraine, inflation and elections to the downward shift in the market, there are a number of factors coming together, causing us to stress about our finances. Thankfully, the year is not over yet and we have a few effective strategies that might save you tax-free money. 

In this episode, Josh Leonard discusses five hidden tax-saving opportunities you may want to take advantage of before year-end.  

Josh dives into: 

  • How to get more tax-free money
  • Making savvy retirement planning moves
  • Being charitable, skipping your RMD, or getting rid of some qualified money
  • Bundling up the deductions as you make big money moves
  • Maximizing the current tax discounts
  • And more

Resources:

Connect with Josh Leonard: 

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Meet the Dream Team at Leonard Advisory Group with Bill Leonard, Angela Ferrante and Desiree Hoosac (Ep. 3)

Meet the Dream Team at Leonard Advisory Group with Bill Leonard, Angela Ferrante and Desiree Hoosac (Ep. 3)

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With the large number of clients under our belt, we pride ourselves in adapting and catering to any of our client’s needs, in any circumstances. This is why we work with trusted professionals, as well as other partnered firms such as AE Wealth Management and Morningstar Investment Management. 

In this episode, Josh Leonard is joined by some of the key players from his team: Angela Ferrante, Desiree Hoosac and the founder of Leonard Advisory Group, Bill Leonard. They explain what you can expect while working with them as you plan your retirement. Additionally, they talk about some fun events you can look forward to participating in when you join the clientele. 

The Leonard Advisory Group team discusses: 

  • Everyone’s individual role within the business and how it all works together 
  • How the Leonard Advisory Group started out 
  • The importance of a close-knit environment among the staff 
  • How we have helped clients no matter what step in their planning process they are at 
  • And more

Resources:

Connect with Josh Leonard: 

About our Guests:

William Leonard founded Leonard Advisory Group to fill in the gaps he saw when helping his mother plan for retirement. Bill focused much of his career on the insurance and annuity industry. As an independent advisor, he helped thousands of retirees and pre-retirees face the financial challenges that lie ahead with confidence. Since 1996, Bill has worked in a variety of capacities, gaining valuable experience with insurance. In 2007, he became an independent consultant, focusing on income protection and retirement planning. In his free time, Bill enjoys traveling, boating, skiing, hiking, biking, restoring antique vehicles, and spending quality time with family, friends, and clients. He has been married to his wife, Cindy, for almost 40 years. They have three children: Zach, Josh, and Zoey, as well as a crazy border collie named Sweep. After over 25 years assisting families transition into retirement Bill is excited to transition himself into retirement at the end of 2022. 

Angela Ferrante is a 1987 graduate of Allegheny College with a degree in Economics and Finance. She started with Equitable Life as an insurance representative 2 weeks after graduation selling life and disability insurance to the medical community. By 2005 she was supervising 165 representatives in 4 states and running the brokerage side of the office which included the opening of accounts, research, trade placement, cashiering of upwards of $2 million per month, as well as her own client base. Angela became an Accredited Investment Fiduciary in 2015. Angela and Mark live in Somerset County where she enjoys skiing, hiking, biking and gardening.

Desiree Hoosac has worked for over 20 years in client service and administrative roles in the financial and medical industries. Her top priority is to provide exceptional service to clients. This includes assisting the team in preparing for client reviews, updating plans and various service items. Desiree resides in New Eagle, Pennsylvania, with her two rescues: Maggie, a Lab mix, and Mittens, her cat. She has a daughter, Deanne, and granddaughter, Eliza. Desiree stays active trying to keep up with her many great nieces and nephews and enjoys golfing with her dad, playing pinochle, reading, spending time with family, history and being outdoors.

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A Father & Son Legacy: Meet the Leonards (Ep. 1)

A Father & Son Legacy: Meet the Leonards (Ep. 1)

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Retirement may pose many questions, but you can make the most of this next chapter of your life by preparing for it intentionally. 

And you’re in the right place if you’re wondering how. 

Introducing the Hello Retirement podcast with Josh Leonard.

In this inaugural episode, Josh Leonard is joined by the father of the Leonard Advisory Group, Bill Leonard who also happens to be his father and real-life mentor during his shift to the financial services industry. 

Bill and Josh share: 

  • Stories of how each of them started in the financial industry
  • What their business philosophy is 
  • How they integrate teaching in their client community 
  • Leonard Advisory Group’s five areas of personalized retirement planning
  • And more!

Resources:

Connect with Josh Leonard: 

About our Guest:

William Leonard founded Leonard Advisory Group to fill in the gaps he saw when helping his mother plan for retirement. Bill focused much of his career on the insurance and annuity industry. As an independent advisor, he helped thousands of retirees and pre-retirees face the financial challenges that lie ahead with confidence. Since 1996, Bill has worked in a variety of capacities, gaining valuable experience with insurance. In 2007, he became an independent consultant, focusing on income protection and retirement planning. Bill was an honorary host of the “Protecting Your Profits” radio show on 94.5 3WS Pittsburgh and a weekly guest on the national broadcast “Financial Safari” radio show heard locally on NewsTalk 104.7 FM. He has also been featured on WISR 680 AM and WORD FM. In his free time, Bill enjoys traveling, boating, skiing, hiking, biking, restoring antique vehicles, and spending quality time with family, friends, and clients. He has been married to his wife, Cindy, for almost 40 years. They have three children: Zach, Josh, and Zoey, as well as a crazy border collie named Sweep. After over 25 years assisting families transition into retirement Bill is excited to transition himself into retirement at the end of 2022.



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