Blog

The Secret to a Meaningful Retirement

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth on WJR’s No Lazy Money Show with host Ryan Ermanni as they discuss the powerful message behind Halftime by Bob Buford.

Meet Peak Wealth’s New Summer Intern | Joey Ingram

Tune in to the latest Trust the Plan Podcast as Preston Gee, CFP® sits down with Peak Wealth summer intern Joey Ingram to discuss his journey into financial planning and his experience joining the Peak team.

How to Maximize Your Social Security Benefits

Nick Hopwood, CFP® and Jim Pilat, CFP® joined Ryan Ermanni on WJR’s No Lazy Money to discuss Social Security timing, maximizing benefits, retirement planning strategies, and smart financial decisions for retirement.

Gee Family Financial Journey: April, 2026

April, 2026 Starting Net Worth: $254,613 April was a powerful reminder of how quickly momentum can shift in both investing and personal finance. Just one month after experiencing the second worst month in our family’s financial history...

Strong Markets, Falling Gas Prices: Smart Retirement Moves Now

Nick Hopwood, CFP® of Peak Wealth on Daybreak with Steve Gruber discusses easing gas prices, strong markets, April’s second-strongest since 1950, and why a clear retirement plan matters, citing 1968 risks.

The Truth About 401(k) Plans for Small Business Owners

Why do nearly half of small businesses still not offer a 401(k)? Nick Hopwood, Ryan Ermanni, and Scott Westgate discuss how retirement plans help retain employees and are easier to set up than many owners think.

The Investing Mistake That Could Cost You

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth join host Ryan Ermanni on WJR's No Lazy Money to break down the importance of diversification, risk management, and long term investing strategies.

US Economy Update | Gas Prices Rising, Fed Holding Rates

Nick Hopwood, CFP®, joined Steve Gruber on Daybreak, noting higher gas prices may pressure consumers and growth. He said the Fed likely pauses rates with no 2026 cuts expected, and reminded investors summer markets can be slowe.

The Shocking Truth About Retirement Savings in America

Preston Gee, CFP® and Jim Pilat, CFP® of Peak Wealth break down why many Americans are unprepared for retirement and what you can do now to stay on track on the Trust the Plan Podcast.

Estate Planning Secrets: How to Gift Money Tax-Free

No Lazy Money on WJR with Ryan Ermanni features Nick Hopwood and Jim Pilat of Peak Wealth breaking down estate planning, gift tax basics, and smart ways to pass wealth to family.

Gee Family Financial Journey: March, 2026

Starting Net Worth: $272,572March was a reminder that investing is not always a smooth ride. In fact, it can be quite the opposite. During the month, we experienced our second largest monthly decline in net worth. This was driven by...

Tax Day Strategy + Market Volatility Insights

Nick Hopwood of Peak Wealth joined Steve Gruber to discuss market trends, S&P 500 midterm cycle history, fiscal outlook with spending and revenue changes, and tax payment guidance.

Inventorying Your Possessions

Creating an inventory of your possessions can save you time, money and aggravation in the event you someday suffer losses.

If You Inherited an IRA You Need to Hear This

CFPs Nick Hopwood and Jim Pilat join Ryan Ermanni to explain new beneficiary IRA rules, withdrawal changes, and tax impacts, with simple tips to help you plan smarter and avoid costly mistakes.

Don’t Retire Until You Check These Boxes

Wondering if you’re ready to retire? CFP® pros Nick Hopwood & Jim Pilat join Ryan Ermanni on No Lazy Money (WJR) to share a smart pre-retirement checklist, income planning tips, and strategies to avoid costly mistakes.

War in Iran Drives Oil Prices Up: Stock Market Impact

Nick Hopwood, CFP® of Peak Wealth joined The Steve Gruber Show to discuss the Iran-driven oil spike, its impact on investors, market volatility, and why chasing short-term gains is risky.

Iran Conflict & Oil Spike: What Investors Should Do Now

Nick Hopwood and Jim Pilat of Peak Wealth join Ryan Ermanni to explain how Iran tensions and rising oil prices affect markets, and share tips on diversification, staying calm, and focusing on long-term investing goals.

A Path to Serenity and Smart Money Choices

An article about meditation, mindfulness, and financial well-being.

Hurricane to Hope: Inspiring Rebuild Mission

On this feel-good edition of The Steve Gruber Show, Nick Hopwood shares his inspiring experience joining men in Jamaica to help rebuild homes damaged by last October’s hurricane, highlighting community and resilience.

What CFPs Do With Their Money | 2026 Gee Financial Plan

Preston Gee, CFP® and Jim Pilat, CFP® of Peak Wealth share the 2026 Gee Financial Plan, covering debt payoff, emergency funds, and risk strategies for young married couples. Practical tips you can use today.

War in Iran Impact on Markets and Your Investments

On The Steve Gruber Show, Nick Hopwood, CFP® discusses rising gas prices amid Iran tensions, what investors can expect if the conflict continues, and whether the Fed may consider a rate cut, highlighting potential market volatility ahead.

The $1,000 Trump Account Parents NEED TO KNOW

Nick Hopwood, CFP® and Jim Pilat, CFP® join Ryan Ermanni on WJR’s No Lazy Money Show to discuss Trump Accounts, who may qualify for the $1,000 child contribution, and how early investing can help build long-term wealth for kids.

Gee Family Financial Journey: February, 2026

Starting Net Worth: $263,958In February, we kept our heads down and stayed focused on one priority: paying off debt as aggressively as possible. Most of our extra cash flow went toward Natasha’s car loan as we continued working toward...

Global Tensions Rising: How Iran Could Move U.S. Markets

Nick Hopwood, CFP® discussed on The Steve Gruber Show how rising tensions with Iran can cause market volatility and higher energy prices, but long-term effects on investments remain uncertain.

One Income Limit Changes Everything in 2026

Nick Hopwood and Jim Pilat on the No Lazy Money Show explain 2026 Obamacare subsidy changes, who qualifies, and how to save on health insurance under 65.

What Investors Are Getting WRONG About Capital Gains

On WJR's No Lazy Money Show, Nick Hopwood & Jim Pilat explain why rising capital gains distributions are creating surprise tax bills for mutual fund investors and share smart strategies to reduce the impact before the 2026 tax season.

Global Value and Real Estate Opportunities as Big Tech Pulls Back

Investors take note. Nick Hopwood explains Mag 7 weakness, opportunities in value and real estate, Fed rate outlook, and 2025 tax planning.

Assess Life Insurance Needs

How to help determine life insurance needs to provide for your family after you pass away.

Gee Family Financial Journey: January, 2026

Starting Net Worth: $246,040January 2026 marked another major milestone in our financial journey as we officially crossed a $250,000 net worth. This growth was driven by two main factors. First, we continued to aggressively pay down...

Choices for Your 401(k) at a Former Employer

Individuals have four basic choices with the 401(k) account they accrued at a previous employer.

Gee Family Financial Journey: December, 2025

Starting Net Worth: $185,059December tends to come with higher spending for many families due to the holiday season, and we were no exception. Even with the increase in expenses, we stayed committed to our debt payoff plan and made...

Gee Family Financial Journey: November, 2025

Starting Net Worth: $185,213November was highlighted by the annual premium payment for our second term life insurance policy. As mentioned previously, the purpose of life insurance is to protect anyone who depends on your income in the...

What Every Retiree Should Know About the U.S. Economy

Nick Hopwood and Jim Pilat on No Lazy Money share practical tips on retirement, compounding, financial literacy, and smart family financial planning for long-term wealth.

The Market Reality Check We Need in 2026

Nick Hopwood, CFP® of Peak Wealth joined The Steve Gruber Show to share how 2026 has begun in the U.S. market, discussing current rates, thoughtful planning with Roths and brokerage accounts, and why clarity beats fear for investors.

IRS Begins 2026 Tax Season on January 26

The IRS will begin accepting individual federal tax returns for the 2026 tax season on January 26.

Gee Family Financial Journey: October, 2025

Starting Net Worth: $173,979October was another month where intentional decisions continued to move our financial plan forward. We made an additional lump sum payment toward Natasha’s car loan as part of our ongoing effort to...

Gee Family Financial Journey: September, 2025

Starting Net Worth: $165,089September was another month where consistency did the heavy lifting. We continued with our systematic saving approach while also making steady progress on debt payoff. These are not flashy strategies, but...

A Checklist for When a Spouse or Parent Passes

An overview of some fundamental steps when a loved one passes.

2026 Investment Strategy: Where Smart Money Is Going NOW

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth join Ryan Ermanni on No Lazy Money to talk planning ahead for 2026 investments, smart questions for potential clients, and tax and money opportunities many overlook.

Talking Venezuela, Energy Stocks & Investing in 2026

On the latest Steve Gruber Show, Nick Hopwood discussed Venezuela’s oil, energy markets, and shared insights on investing, portfolio strategies, and planning for emerging market trends in 2026.

Gee Family Financial Journey: August, 2025

Starting Net Worth: $155,296August was another relatively quiet month financially as we wrapped up the summer and spent time enjoying the season.While the stock market experienced some short term volatility during the month, the...

New Retirement Contribution Limits for 2026

A look at the new retirement contribution limits from the IRS.

Gee Family Financial Journey: July, 2025

Starting Net Worth: $162,753At the end of 2024 we purchased a home, and after living in it for a while we realized a few of the windows had significant issues. Rather than replacing every window at once, we chose to address only the...

Best Of Trust the Plan Podcast 2025

Best of 2025 Trust the Plan Podcast is here. We recap our most popular episodes with hosts Nick Hopwood and Jim Pilat of Peak Wealth. Review the year, explore past episodes, and stay tuned for new content in 2026.

Spending Strong, Gas Cheaper: What’s Next for the U.S. Economy?

This Christmas week, Steve Gruber talks with Nick Hopwood on record holiday spending, low inflation, and solid markets as we close 2025 and look ahead to 2026.

Gee Family Financial Journey: June, 2025

Starting Net Worth: $154,034June didn’t bring any headline-grabbing financial events, and that’s actually a good thing. After the eventful May we experienced, June marked a return to a more normal environment. While it’s easy to...

EP 301: Health Care Premiums, Policies, and Planning Ahead

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth discuss broad changes in health care coverage, uncertainty around next year’s subsidies, and other financial and economic shifts.

Gee Family Financial Journey: May, 2025

Starting Net Worth: $144,581 May was a very expensive month for our household, but it ended up being a great real-world example of why long-term financial planning and disciplined investing matter. After more than three years of living...

How to Make Your Money Work While You Sleep | No Lazy Money Show

Nick Hopwood and Jim Pilat of Peak Wealth join Ryan Ermanni of FOX 2 on WJR for the new No Lazy Money Show, sharing straightforward conversations on smart financial decisions.

Fed Moves, Social Security & Everyday Money Mistakes

Nick Hopwood of Peak Wealth joined The Steve Gruber Show to discuss Fed moves heading into 2026, smart Social Security timing, and common money mistakes.

Peak's Invest in Scholarship Winners 2025

Congrats to our 2025 Peak Invest In Others Scholarship winners! We’re proud to honor these children and grandchildren of Peak clients for their dedication to education and community.

EP 300: Start With Why: The Heart Behind Peak Wealth

This is the 300th episode, and Nick Hopwood, CFP and Jim Pilat, CFP dive into Start with Why, sharing what inspires their work in finance, the purpose that drives them, and the heart behind helping families find clarity and confidence with

Gee Family Financial Journey: April, 2025

Starting Net Worth: $146,181 April brought one of the most dramatic storylines of 2025 so far. The stock market went through what many investors nicknamed the “tariff tantrum,” a quick but intense pullback sparked by concerns...

Trump Accounts & Building Generational Momentum w/ Ryan Ermanni

Nick Hopwood, CFP® of Peak Wealth joined Ryan Ermanni on WJR to discuss new newborn investment accounts and how families can let funds grow from day one, helping spark early investing and level the financial playing field. Catch him monthly

EP 299: Wealth Advice You Can’t Miss: Nick & Jim on WJR

This week on the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® share a big announcement: starting Dec 2025, catch them live on WJR for No Lazy Money with Ryan Ermanni.

Gee Family Financial Journey: March, 2025

Starting Net Worth: $143,078 March brought one major financial event for us. We received our 2024 tax refund, which came in at about $5,000. While it was frustrating to realize we had overpaid so much during the year, we viewed the...

Money At Stake: Losing Markets, Lost 401(k)s & Roth Deadlines

Nick Hopwood, CFP® at Peak Wealth, told The Steve Gruber Show that markets are volatile across major stocks and Bitcoin. He urged investors to reassess risk, stay focused on long-term goals, and align allocations with their needs.

Gee Family Financial Journey: February, 2025

Starting Net Worth: $135,664 February was another relatively normal month for us financially. We continued making deposits into our retirement accounts with each paycheck so we could consistently purchase new shares. Even though the...

Gee Family Financial Journey: January, 2025

Starting Net Worth: $128,589 As the new year began, Natasha and I decided it was time to establish a fresh financial goal for 2025. In 2023 our goal was to purchase our first home, and in 2024 we focused on buying a single family home...

New Retirement Rules & Financial Shifts Amid Shutdown Politics

On The Steve Gruber Show, Nick Hopwood, CFP® of Peak Wealth, discussed new IRS retirement rules for 2026 and higher savings limits.

EP 298: ETFs Gaining Traction: What Investors Should Know

Nick Hopwood and Jim Pilat of Peak Wealth discuss ETFs and the “Everyday Is Payday x2” idea, covering dividends and investing strategies. Learn more at peakwm.com.

Gee Family Financial Journey: December, 2024

Starting Net Worth: $124,125 December brought one of those unexpected financial curveballs that life likes to throw our way. Our puppy began having health issues, and we ended up using our emergency fund to cover about $3,000 in vet...

US Economy Update: Stocks, Crypto, and The Fed

Nick Hopwood, CFP® joined The Steve Gruber Show to discuss current market trends. Despite recent dips in crypto and gold, markets remain strong. Economic conditions are stabilizing, and historical patterns suggest positive performance ahead

EP 297: Inside the Peak Process: How We Help New Clients Succeed

In the new Trust the Plan episode, Nick Hopwood and Jim Pilat of Peak Wealth Management explain their Peak Process, how they help clients find the right fit, and why true wealth management is so much more than investing.

Gee Family Financial Journey: November, 2024

Starting Net Worth: $107,525 November was a strong month for our finances and provided a much-needed rebound after the chaos of October. Without any major surprises, we were finally able to settle into our new home and focus on our...

Gee Family Financial Journey: October, 2024

Starting Net Worth: $130,162 October was a tough month for our overall net worth as several large expenses, both expected and unexpected, came up all at once. Just a few days before moving into our new home, we went furniture shopping...

EP 296: One-Size-Fits-All Doesn’t Work in Financial Planning

On the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth explain why financial advice from friends or family may not fit your goals. Your plan should be personalized to your life, needs, and financial situation.

EP 295: Smart Money Moves: Where to Hold Your Investments for Maximum Growth

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth discuss asset allocation, asset location, and how aligning investments with your goals and timeline can build long-term growth and a strong retirement plan.

Gee Family Financial Journey: September, 2024

Starting Net Worth: $130,421 September was a busy month for us as we wrapped up everything needed to officially close on our new home. Even though the closing took place near the end of the month, we agreed in the purchase contract to...

The 3-Year Bull Market, Crypto Wipeouts & Financial Planning Wisdom

On The Steve Gruber Show, Nick Hopwood, CFP® of Peak Wealth discussed record highs in gold and silver, rising U.S. debt concerns, and how today’s bull market stacks up historically. Tune in for insights and market perspective.

Gee Family Financial Journey: August, 2024

Starting Net Worth: $126,075 August was a month to remember because we finally had an offer accepted on our new home. From that moment on, everything moved quickly. We worked closely with our lender on the mortgage application and...

EP 294: Trust, Transparency & the Rise of RIAs | Peak Wealth Talks

On the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth discuss why the RIA model is growing fast, with firms doubling in 20 years, and how trust and transparency drive its appeal.

EP 293: Tax Law Breakdown: Who Qualifies for Zero Taxes

On the Trust the Plan podcast, Nick Hopwood and Jim Pilat discuss a WSJ article on how families like retirees or married couples with kids can legally pay 0% in federal taxes through smart planning and timing strategies.

Gee Family Financial Journey: July, 2024

Starting Net Worth: $117,054 July marked an exciting milestone we had finally saved enough for a new home and could officially begin house shopping. Unfortunately, the housing market remained very competitive, and that meant July also...

Gee Family Financial Journey: June, 2024

Starting Net Worth: $108,670 With my car loan paid off, June brought extra cash flow that allowed us to continue aggressively saving for a new home. We had been watching our house savings account grow steadily over the past several...

Q4 Market Outlook: What Retirees Need to Know Now

On The Steve Gruber Show, Nick Hopwood, CFP® of Peak Wealth shared why strong markets and smart Social Security choices make now a key time to review your retirement plan.

EP 292: Beneficiary IRAs: Smart Withdrawal Strategies

On this episode, Nick and Jim share why a strong S&P start is a good sign, then dive into smart strategies and risks to watch for when taking withdrawals from beneficiary IRAs.

Gee Family Financial Journey: May, 2024

Starting Net Worth: $99,844 May was an exciting month because we paid off my car loan. Eliminating that debt brought us a lot of pride, and it felt freeing to know the only costs left for the car were regular maintenance and upkeep....

EP 291: What’s Your Number? How to Retire Guilt-Free

On the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® discuss "What’s your number?" This is the amount you need to retire comfortably. They explain how to find it, plan for it, and live guilt-free along the way.

Does Your Portfolio Fit Your Retirement Lifestyle?

Lifestyle considerations in creating your retirement portfolio.

Markets on Fire: Fed Cuts, Record Highs, and What's Next

On a new episode of The Steve Gruber Show, Nick Hopwood, CFP® discussed rate cuts, record highs, and a bullish international chart.

Gee Family Financial Journey: April, 2024

Starting Net Worth: $104,591 After celebrating the milestone of crossing into a six-figure net worth in March, April quickly reminded us that financial progress is not always a straight line. Our net worth dipped back below $100,000 as...

EP 290: Fed Messaging and the International Market Shift

On today’s Trust the Plan Podcast, Nick Hopwood and Jim Pilat of Peak Wealth talk international stocks, recent outperformance, and what the Fed’s Jackson Hole meeting could mean for global markets. Educational only, not a recommendation.

EP 289: Peak Wealth State of the Union 2025

In this year’s Peak State of the Union episode of the Trust the Plan Podcast, Nick Hopwood and Jim Pilat share updates on team growth, client service, and the positive momentum driving Peak Wealth forward.

Gee Family Financial Journey: March, 2024

Starting Net Worth: $94,349 March was an exciting month because we crossed over $100,000 in net worth on March 13. Hitting six figures is a milestone we are very proud of, and it serves as a reminder of how powerful compound growth...

EP 288: Scam Calls Are on the Rise, Don't Get Fooled!

Nick Hopwood, CFP® and Jim Pilat, CFP® dive into scam calls and phishing emails. Nick shares a personal hacking story and tips to stay safe. If in doubt, hang up and call us. Your security matters.

Gee Family Financial Journey: February, 2024

Starting Net Worth: $86,596 February reminded us that unexpected expenses are simply part of the journey. Our rental property took an unfortunate turn when the water heater broke and flooded the common area. Replacing the units wiped...

EP 287: Unlocking the J.P. Morgan Guide to Retirement

Unlocking the J.P. Morgan Guide to Retirement: Nick Hopwood & Preston Gee of Peak Wealth share key tips on saving, preparing, and using Roth accounts wisely through every stage of life on the Trust the Plan Podcast.

Gee Family Financial Journey: January, 2024

Starting Net Worth: $84,697 As the new year began, we set our sights on one clear goal: purchasing a single family home in 2024. To make steady progress, we contributed another $6,000 to our brokerage account, which we designated for a...

Gee Family Financial Journey: December, 2023

Starting Net Worth: $69,575 The momentum from the end of the year kept going as December delivered yet another strong month in the markets. Thanks to continued growth and our aggressive investment strategy, we set another new personal...

EP 286: Diversifying Your 401(k): Should You Consider Private Assets?

Nick Hopwood and Preston Gee discuss private equity and credit entering 401(k)s. These complex options offer growth and diversification but suit only informed investors with long-term goals due to limited access and evolving rules.

Markets, Rates & Big Tech: Nick Hopwood Breaks It Down

On a recent appearance on The Steve Gruber Show, Nick Hopwood, CFP® of Peak Wealth shared insights on market trends, interest rates, record stock buybacks, and the growing influence of NVIDIA and major tech leadership meetings.

EP 285: Planning for Retirement: Insights on Continuing Care Retirement Communities

In this episode of Trust the Plan, Nick Hopwood and Preston Gee of Peak Wealth discuss Continuing Care Retirement Communities and how planning early can help families make confident decisions about future care and housing needs.

Gee Family Financial Journey: November, 2023

Starting Net Worth: $56,183 The end of 2023 brought a wave of excitement thanks to strong performance in the stock market. With our aggressive investment strategy, November ended up being our biggest single-month increase in net worth...

EP 284: What Does It Take to Feel Wealthy?

On this episode of the Trust the Plan Podcast, Nick Hopwood and Preston Gee discuss a Schwab survey on how much money it takes to feel wealthy and how financial milestones shape our sense of comfort, security, and success.

Gee Family Financial Journey: October, 2023

Starting Net Worth: $56,417 October felt like the first truly normal month we’ve had in a long time. With the weddings behind us and the major home repairs completed, we were finally able to slow down, take a breath, and figure out...

Trump, Fed Rates & Market Health – Full Rundown w/ Nick Hopwood

On The Steve Gruber Show, Nick Hopwood, CFP® shared market insights, discussed economic trends, the Fed, and Trump’s impact—plus a fun nod to Happy Gilmore 2 with a financial twist.

EP 283: France Raised Retirement Age: Is the U.S. Next?

Nick and Preston discuss Social Security’s future, covering the 2033 projected shortfall, the impact of political gridlock, and examples like France’s recent retirement age hike.

Gee Family Financial Journey: September, 2023

Starting Net Worth: $54,150 September brought a bit more normalcy to our financial lives, at least compared to the whirlwind of the past few months. That said, we still had a few curveballs to navigate, the biggest one being a new car...

EP 282: Par for the Course: Happy Gilmore's Holey Finances

Nick and Jim dive into Happy Gilmore financial flaws as Grandma faces eviction and overdue taxes, just in time for the release of Happy Gilmore 2 30 years later. Stay tuned for our fun review on Trust the Plan!

EP 281: Big Business Then vs. Now: Lessons from 1990 to 2025

Nick Hopwood, CFP® & Jim Pilat, CFP® of Peak Wealth, on the Trust the Plan Podcast, compare 1990s blue-chips like GE & IBM to today's tech giants, showing how data now drives the global economy more than physical goods.

Gee Family Financial Journey: August, 2023

Starting Net Worth: $46,241 The big moment finally arrived—our wedding month! After all the planning, excitement, and anticipation, we had an amazing time celebrating with our closest family and friends. It was everything we hoped it...

What the “Big Beautiful Bill” Means for Your Wallet

Nick Hopwood, CFP® returns to The Steve Gruber Show to unpack the “Big Beautiful Bill.” Discover what it means for seniors, new parents, and all taxpayers—impacting your investments, taxes, and financial planning in today’s economy.

EP 280: What the ‘Big Beautiful Bill’ Could Mean for 529 Plans

On this episode of Trust the Plan, Nick Hopwood & Jim Pilat of Peak Wealth discuss how the “Big Beautiful Bill” could expand 529 plan flexibility and change how families save and spend for education.

Gee Family Financial Journey: July, 2023

Starting Net Worth: $55,792 July 2023 will go down as one of the most chaotic and memorable months we’ve experienced as a couple so far. It was a month filled with big milestones, exciting progress, and—of course—a few unwelcome...

EP 279: The Halftime Breakdown: Key Lessons from 2025 So Far

Nick Hopwood, CFP® & Jim Pilat, CFP® of Peak Wealth Management announce $400M AUM milestone. In their July halftime report, they review H1 2025 market trends, urging investors to stay diversified, adaptable, and focused on long-term growth.

Gee Family Financial Journey: June, 2023

Starting Net Worth: $47,229 June marked an exciting milestone as we began receiving RSVPs for our wedding which was just two months away now! At the same time, we stayed focused on building our savings to cover the final wedding...

2025 Halftime Report: U.S. Market & Economy Update

Nick Hopwood, CFP® of Peak Wealth joined The Steve Gruber Show for his 2025 Halftime Report, sharing insights on the Dow, Nasdaq, S&P 500, tariffs, and key U.S. and global economic trends shaping the rest of the year.

Gee Family Financial Journey: May, 2023

Starting Net Worth: $52,506 May was a return to normalcy as we didn’t have nearly as many life events occurring all at once compared to April. The primary focus of the month was on continuing to get the other side of the duplex ready...

Market Outlook: Nick Hopwood on Oil, Stocks & Economic Trends

Nick Hopwood, CFP® of Peak Wealth, joined The Steve Gruber Show to discuss oil prices, stocks, and the U.S. economy—what it all means for the market and investors right now.

EP 278: Intern Edition – Jacob Strom's Journey to Peak

Check out this special Trust the Plan Podcast episode with Nick Hopwood, CFP®, featuring Peak intern Jacob Strom. Hear his journey, passion for finance, and what brought him to Peak. Don’t miss this inspiring conversation!

Gee Family Financial Journey: April, 2023

Starting Net Worth: $49,546 April was a milestone month, both personally and professionally. After months of preparation, we were so excited to finally close on our duplex. For this duplex, we used an FHA mortgage to put 3.5% down with...

EP 277: Points, Plans, and Purpose: How Evan Chopp Does Money Differently

Jim Pilat, CFP® talks with Evan Chopp about his personal finance journey, family goals, and how travel hacking fits into budgeting—all part of building a life of freedom through intentional planning.

Gee Family Financial Journey: March, 2023

Starting Net Worth: $46,825 March was an incredibly exciting month for us because it’s the month when we had an offer accepted on a house! We were officially going to purchase a duplex in Plymouth Township, where we could accomplish...

EP 276: Maximize Every Point: Travel Hacking with Evan Chopp

Nick Hopwood, CFP® of Peak Wealth and Evan Chopp dive into the Chase Sapphire 100k offer—why it’s top-tier, how to maximize points, and turn rewards into luxury travel. Tune in to Trust the Plan for smart strategies!

Gee Family Financial Journey: February, 2023

Starting Net Worth: $48,285 February was a fairly easy-going month where we stayed committed to our systematic lifestyle we had begun to build. The one major change was when we liquidated Natasha’s brokerage investment account because...

Future of U.S. Retirement: Social Security, Roth Tools & Economy Talk with Nick Hopwood

Nick Hopwood, CFP® breaks down economic risk from overspending, smart retirement strategies, and why Denmark’s rising retirement age could be the U.S.'s future.

EP 275: From Paychecks to Payouts: Retirement Spending Trends

On Trust the Plan, Nick Hopwood and Jim Pilat discuss Chase data showing spending rises post-retirement, then tapers over time—highlighting the need for smart, adaptable retirement planning.

Gee Family Financial Journey: January, 2023

Starting Net Worth: $43,168 The month of January saw us start to talk with a mortgage broker and a realtor to begin taking steps towards buying our first home. In the meantime, we continued contributing to our 401k’s, and the market...

EP 274: Retirement Planning Smart: Roth Conversions with Peak Wealth

On the Trust the Plan Podcast, Nick Hopwood & Jim Pilat of Peak Wealth discuss Roth conversions, showing how they may lower future taxes and boost tax-free retirement income using a detailed case study.

Gee Family Financial Journey: December, 2022

Starting Net Worth: $44,323 Unfortunately, the market experienced another dip in December, and despite our ongoing contributions, our account values continued to decline. As had become the routine, we kept our focus on building up our...

Historic Market Streak: Nick Hopwood Talks Economy & What’s Next

On The Steve Gruber Show, Nick Hopwood, CFP® noted rare back-to-back 5-day market gains, calling it a strong signal. He also warned the proposed tax bill’s high spending could worsen national debt.

EP 273: Start Saving Early: How to Fully Fund College with a 529 Plan

On Trust the Plan, Nick Hopwood & Jim Pilat stress starting early with 529 plans to fund college. Save monthly, harness compound growth, and trust the process to stay on track for future tuition.

Gee Family Financial Journey of November, 2022

Starting Net Worth: $37,702 In November, the market rebound continued, which allowed our accounts to grow nicely on top of our systematic monthly contributions. Also, I completed a Roth conversion of my pre-tax 401k into my Roth 401k...

A New Chapter at Peak Wealth: Jim Pilat Named Partner

We're thrilled to announce Jim Pilat, CFP®, has been named Partner at Peak Wealth! A key leader and VP, Jim's impact is immense. Congrats on this well-earned milestone! Learn more about Jim at peakwm.com/jim

EP 272: Market Volatility? Don’t Panic—Trust the Plan

On this Trust the Plan episode, Nick and Jim of Peak Wealth discuss how strong relationships and steady strategy beat industry trends—and why staying calm in volatile markets is key to long-term success.

Gee Family Journey October, 2022

Starting Net Worth: $29,251 October saw what would eventually become the bottom of the 2022 bear market, and the rebound, coupled with our continued contributions, allowed our retirement accounts to grow. As we settled into our new and...

Tracking Stable Markets: Nick Hopwood Discusses Investments and Buffett's Retirement

Nick Hopwood discussed stable market trends, Buffett’s retirement, and positive investment indicators on The Steve Gruber Show. He also announced Jim Pilat’s promotion to full partner at Peak Wealth Management.

Introducing Our Summer Intern - Jacob Strom

We’re excited to welcome Jacob Strom to Peak Wealth Management as a summer intern. Jacob is from Mount Pleasant, Michigan, and has just completed his sophomore year at the University of Michigan, where he is studying Economics. He has...

Gee Family Financial Journey of September, 2022

Starting Net Worth: $29,768 In September of 2022, we each continued contributing enough to our 401k’s to get the full match, and I also put $500 into my Roth IRA. Unfortunately, the market didn’t cooperate as it didn’t for most of 2022...

Stocks, Tariffs & the U.S. Economy: What Investors Need to Know

Nick Hopwood, CFP® of Peak Wealth joined The Steve Gruber Show with an encouraging market outlook, noting signs of stability despite recent noise from tariffs and inflation.

Gee Family Financial Journey of August, 2022

Starting Net Worth: $38,899 In August 2022, most of our financial activity revolved around our wedding, which was scheduled for August 2023. One of the major decisions we made was opening a new credit card that offered great rewards...

EP 271: Real Case Study: What a CFP Saw That Sparked Red Flags

Jim Pilat & Preston Gee of Peak Wealth review a real case: mid-40s couple, 3 kids, good income—CFP flags red flags. Do they agree? Trust the Plan breaks it down.

EP 270: Market Uncertainty Meets Optimism: Trusting the Plan Through Volatility

On this episode of Trust the Plan, Jim Pilat, CFP® and Preston Gee, CFP® of Peak Wealth dive into the current market landscape, highlighting the recent wave of uncertainty that’s had investors on edge.

Gee Family Financial Journey of July, 2022

Starting Net Worth: $33,692 In July, we kept our focus on building up our wedding fund, doing everything we could to stockpile cash for the upcoming expenses. At the same time, we secured our wedding venue, which took a significant...

EP 269: Why Client Education Is the Key to Financial Confidence

On the Trust the Plan Podcast, Nick Hopwood, CFP® and Preston Gee, CFP® emphasize the power of education and guidance in helping clients take control of their financial future.

Gee Family June 2022 Financial Journey

Starting Net Worth: -$3,341 In June of 2022, I proposed to my now-wife, Natasha, and we embarked on an unforgettable road trip through Michigan and Wisconsin—a trip she affectionately refers to as our “engagemoon.” It was a memorable...

Stock Market Insights: Discussing US Economy & Government Spending on The Steve Gruber Show

Nick Hopwood provides updates on the U.S. stock market, discussing the implications of the U.S. federal government's spending versus tax revenue, and the impact of government spending and tariffs on market performance.

Preston Gee's May 2022 Financial Journey

Starting Net Worth: $-68 In May, I paid for the engagement ring and devised my plan on how to propose to my girlfriend, which included us returning to a favorite spot for the proposal, and then going on a 10-day road trip through...

EP 268: U.S. Market Correction: History, Trends, and What Investors Should Expect

Nick Hopwood, CFP® and Preston Gee, CFP® dive deep into the concept of market corrections and what investors can expect moving forward in the current state of the U.S. market.

Market Update

Nick Hopwood, CFP and Jim Pilat, CFP discuss the recent market action and offer guidance for clients of Peak Wealth Management.

Maximizing Your Path to Early Retirement with Smart Tax Strategies

Nick Hopwood, CFP® and Preston Gee, CFP®, hosts of the Trust the Plan Podcast, discuss a tax planning case study focused on achieving early retirement outside of traditional retirement accounts like 401(k)s and IRAs.

Preston Gee's April 2022 Financial Journey

Starting Net Worth: $90 April, 2022 is the month I asked my girlfriend’s dad for his blessing, and placed the order to buy an engagement ring for her. The rest of the month was smooth sailing from a cash flow perspective, and my...

Nick Hopwood Discusses the U.S. Economy: Key Insights for March 2025

On The Steve Gruber Show, Nick Hopwood, CFP®, discusses the S&P 500’s self-correction, global economic shifts, and the importance of early college investing.

Preston Gee's March 2022 Financial Journey

Starting Net Worth: -$2,612 March brought a return to financial normalcy - a month of ‘boring’ finances. Although, sometimes boring can be good. I did my best not to spend any money outside of necessities as I continue saving towards...

Filing Final Tax Returns for the Deceased

The federal government requires deceased individuals to file a final income tax return.

EP 267: 401(k) Debate: TikTok’s Take vs. Peak Wealth’s Expert Advice

In this episode of Trust the Plan, Peak Wealth’s Nick Hopwood, CFP® and Jim Pilat, CFP® dive into the growing TikTok debate surrounding 401(k) plans.

Social Security Fairness Act's New Chapter

Keeping clients informed about the progress of the Social Security Fairness Act implementation and the anticipated timelines.

Preston Gee's February 2022 Financial Journey

Starting Net Worth: -$7,482 February was another fantastic month for multiple reasons. First, it was the month where I officially moved out of my grandparents basement and began to live on my own (with my girlfriend and our roommate)....

EP 266: Tariffs & Inflation: How They’re Shaping the Market Today

On the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management delve into the current economic landscape, discussing crucial topics like tariffs and inflation.

Preston Gee's January 2022 Financial Journey

Starting Net Worth: -$7,823 January was a unique month because this is when I discovered a little known section of the CARES act which congress passed during Covid. This section stated employers could deduct up to $5,250 per year from...

Preston Gee's December 2021 Financial Journey

Starting Net Worth: -$9,740 As my first calendar year out of college came to a close, I felt good about where I was headed financially because I stuck to my goals to get a good head start for my future. In December, I completed maxing...

EP 265: Inside the U.S. Economy: How the Rich Keep Spending and Fueling Growth

In a discussion sparked by a Wall Street Journal article titled "The U.S. Economy Depends More Than Ever on Rich People", Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the crucial role of consumer spending in driving economic growth.

EP 264: Maximize Your Investment: Strategies for Using the 1031 Exchange

Nick Hopwood, CFP® and Jim Pilat, CFP® discuss 1031 exchanges on the Trust the Plan Podcast, explaining how investors can defer taxes by reinvesting in like-kind properties and offering practical tips to minimize tax burdens after selling.

The Secret to Smart Diversification: Nick Hopwood’s Tips for Investors

Nick Hopwood, CFP®, on The Steve Gruber Show discussed how the top 10% of earners drive the U.S. economy, risks of portfolio overlap in "his and hers" strategies, and the benefits of Backdoor Roth IRAs before the April 15 deadline.

Caring for Aging Parents

As our nation ages, many Americans are turning their attention to caring for aging parents.

Preston Gee's November 2021 Financial Journey

Starting Net Worth: -$11,089 The day of the CFP® exam came….. AND I PASSED! The exam is notorious for having a low pass rate, as well as multiple choice questions with 3 answers that could be correct. I was (and am) incredibly proud of...

EP 263: Perception vs. Reality: Understanding Your Money Mindset

On the Trust the Plan Podcast, Jim Pilat, CFP® and Preston Gee, CFP® discuss the concept of "money dysmorphia," a psychological phenomenon where people perceive themselves as having more financial stability or wealth than they actually do.

Preston Gee's October 2021 Financial Journey

Starting Net Worth: -$14,361 October started with the surprise 6th anniversary trip to Indianapolis with my girlfriend which is a trip she still raves about to this day (it works to travel at a discount)! Most of the cost of the trip...

EP 262: Stock Market Trends: A Historical Look at Major Events Since the 1900s

Jim Pilat, CFP® & Preston Gee, CFP® examines the stock market's performance over time, exploring key events since the 1900s.

Nick Hopwood on The Steve Gruber Show: Valentine’s Day Spending, Money Dysmorphia & Tariffs

Join the conversation between Nick Hopwood, CFP® and Steve Gruber on the U.S. economy in early February 2025.

Preston Gee's September 2021 Financial Journey

Starting Net Worth: -$15,664 September was another fairly lowkey financial month as I stayed hunkered down preparing for the impending exam in November. This was by far the most difficult month of the studying process because this is...

Nick Hopwood, CFP® on the U.S. Economy in 2025: First Month Review

Nick Hopwood, CFP® joined Steve Gruber on his show to discuss the state of the U.S. economy and stock market as we move into 2025.

Preston Gee's August 2021 Financial Journey

Starting Net Worth: -$17,501.40 August was a pretty lowkey month for me mostly because I had thrown myself into work and studying for the upcoming CFP® exam. The major expense for the month was registering for the exam which cost about...

Where Will Your Retirement Money Come From?

Retirement income may come from a variety of sources. Here's an overview of the six main sources.

Preston Gee's July 2021 Financial Journey

Starting Net Worth: -$23,355 July had 2 major events impacting my financial journey. The biggest, is this was the month where I paid for my study materials and began studying for the CERTIFIED FINANCIAL PLANNER® exam. This exam is...

EP 261: Preston Gee’s 2025 Financial Playbook: A Look Ahead

In this episode of the Trust the Plan Podcast, Preston Gee, CFP® sits down with Nick Hopwood, CFP® to discuss his financial plan for 2025, reflecting on the lessons he's learned from the challenges and successes of 2024.

Biden, Trump, and Your Investments: How to Stay Focused on the Bigger Financial Picture

Nick Hopwood, CFP®, joined The Steve Gruber Show to discuss a recent letter from President Joe Biden touting the economic achievements of his administration.

Preston Gee's June 2021 Financial Journey

Starting Net Worth: -$24,984 My first “big boy” paycheck! The ever important question is “what did you spend it on?” and because I had a wonderful girlfriend who bought me the watch I wanted as a graduation gift, I believe my answer is...

EP 260: Planning for 2025: Hopwood & Pilat’s Family Financial Blueprints

Nick Hopwood, CFP® and Jim Pilat, CFP® come together for their highly anticipated annual episode, offering an in-depth look at their personal financial family plans for 2025.

How the SECURE Act 2.0 Changed RMDs

Help clients understand the impact of the SECURE Act 2.0 on their required minimum distributions and how a QCD works.

Preston Gee's May 2021 Financial Journey

Hello, everyone! My name is Preston Gee and I am a CERTIFIED FINANCIAL PLANNER® based out of Plymouth, Michigan. I am starting this blog to share the history of my personal financial journey in an effort to remove the “taboo” mindset...

2025 Economic Outlook: Nick Hopwood, CFP® Breaks Down U.S. Market

Nick Hopwood, CFP® speaking on the Steve Gruber Show, discussed the outlook for the U.S. economy and markets as we enter 2025, building on the strong performance of 2023 and 2024.

Can I Create a Roth if I’m Over the Income Limit?

Use this article to start conversations about the “backdoor” Roth IRA strategy.

Top 5 Episodes of 2024: Trust the Plan Podcast

Check out the top episodes of the Trust The Plan Podcast for 2024, featuring hosts Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth, as they break down the most important strategies for building and preserving wealth in today’s world.

EP 259: Building Your IRA Beneficiary Family Tree: What You Need to Know

On this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® explore the intricacies of IRA beneficiary designations, with a special focus on the IRA Beneficiary Family Tree.

End-of-Year Tax Moves with Roth IRAs & Donor-Advised Funds

On The Steve Gruber Show, Nick Hopwood, CFP® joined Steve to discuss the strategic advantages of Roth IRAs in managing income taxes, particularly as they relate to retirement planning.

EP 258: The Next Big Market Move: Will We See a Third Year of Gains?

Nick Hopwood, CFP® and Jim Pilat, CFP® dive into the remarkable market performance we've seen over the last two years, with the market up 20% in both 2023 and 2024.

Inflation-Proof Your Finances: Year-End Planning to Protect Your Wallet

Nick Hopwood recently joined The Steve Gruber Show, urging listeners to take action before year-end to optimize their financial outcomes, emphasizing smart tax strategies and year-end planning for long-term success.

Back-to-Back Market Gains, Economic Resilience, and 2025 Risks

Nick Hopwood, CFP® of Peak Wealth recently joined The Steve Gruber Show to discuss the impressive performance of the markets, which rose more than 20% in 2023 and again in 2024.

EP 257: How 2025's New 401(k) Rules Will Impact Your Retirement

Nick Hopwood, CFP® & Jim Pilat, CFP® dive into the newly announced 401(k) rules for 2025, offering valuable insights on the changes and what they mean for retirement planning.

EP 256: 4 Straight! Michigan’s Historic Dominance Over Ohio State

Nick Hopwood, CFP®, and Jim Pilat, CFP® wrap up the 2024 Michigan football season with a thrilling victory over Ohio State, extending the Wolverines' winning streak to an impressive four years.

Inflation & Your Money

It's important to understand how inflation is reported and how it can affect investments.

How Will Working Affect Social Security Benefits?

Knowing the rules may help you decide when to start benefits.

Understanding Qualified Charitable Distributions

Use this handy, informative article to help your clients understand Qualified Charitable Distributions (QCDs).

EP 255: The Freedom of Financial Clarity: Why Tracking Your Net Worth Matters

On this episode of the Trust the Plan Podcast, Nick Hopwood, CFO® and Jim Pilat, CFP® dive into the critical yet often overlooked aspects of personal finance: tracking expenses and calculating your net worth.

U.S. Economy Breakdown: Key Insights on The Steve Gruber Show

Nick Hopwood, CFP®, recently appeared on The Steve Gruber Show, offering insights on several key financial topics.

Dinner Table Webinar: How to Create a Lasting Family Financial Foundation

Join us for our special Dinner Table Webinar hosted by Nick Hopwood, CFP®, Jim Pilat, CFP® and Preston Gee, CFP® of Peak Wealth Management.

EP 253: Inspiring the Next Generation: Olivia Olson’s Path to Michigan Basketball

On this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® sit down with Olivia Olson, a freshman basketball player for the University of Michigan, at Peak Global HQ.

From Olympic Court to College Spotlight: Syla Swords on Her Journey

On this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® are joined by Syla Swords, a rising star in women's basketball.

EP 251: Navigating Financial Pressure: A Guide for Parents

Welcome to the Trust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP® where we tackle the real struggles of financial planning and personal growth.

The Economic Forecast: What's Next for the U.S. Market?

On The Steve Gruber Show, Nick Hopwood, CFP® delves into some critical financial insights for listeners.

EP 250: Separate Accounts vs. Joint Goals: What Works Best?

In the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the changing landscape of financial arrangements among married couples, questioning whether pooling salaries is becoming less common.

EP 249: Health Accounts and Heirs: What You Need to Know

In this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® dive into the often-overlooked topic of what happens to Health Savings Account (HSA) funds when the account holder passes away.

EP 248: Behind the Mic: Steve Gruber's Path to Success

Nick Hopwood, CFP® sits down with renowned radio personality Steve Gruber to delve into his fascinating career journey.

EP 247: The Financial Rollercoaster: Five Years of Bank Account Medians

Nick Hopwood, CFP® and Jim Pilat, CFP® dive into a recent Wall Street Journal article discussing the trends in bank account medians over the past five years.

EP 246: Inflation Resilience: Why Ferrari Thrives While Dollar General Struggles

Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the contrasting performances of Ferrari stock and Dollar General amid today's economic challenges.

EP 245: Rate Cuts and Market Moves: What’s Next?

In this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the recent drop in money market rates following the Federal Reserve's latest rate cut.

Mortgages in Retirement

Explore the benefits and drawbacks to paying off your mortgage prior to retirement with this article.

Weekly Economic Roundup on The Steve Gruber Show

Nick Hopwood, CFP® recently appeared on the Steve Gruber Show, providing insightful updates on the current state of the economy and stock market.

EP 244: From Peaks to Pits: The Full Picture of the Magnificent Seven Stocks

Nick Hopwood, CFP® and Jim Pilat, CFP® delve into an intriguing article titled The Magnificent Memory Hole, which explores the "Magnificent Seven" stocks that have significantly outperformed the market.

EP 243: Retirement Riches: How an Ex from 1989 is Cashing In

Nick Hopwood, CFP® and Jim Pilat, CFP® delve into a Wall Street Journal article about a woman who, after a breakup nearly 40 years ago, stands to inherit her ex’s $1 million retirement account due to a beneficiary designation made in 1987.

EP 242: Aligning Goals: What Makes Someone an Ideal Client for Peak Wealth?

In the latest episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth delve into the crucial topic of defining their ideal client.

EP 241: Consumer Confidence by Political Affiliation

On this episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® dive into a fascinating analysis of consumer confidence trends segmented by political affiliation.

Inflation Nation: Understanding the Impact of Rising Prices

Nick Hopwood, CFP® of Peak Wealth joined The Steve Gruber Show to discuss the current state of the U.S. economy - from a rise in business closures, escalating prices of goods, and a drop in mortgage rates.

EP 240: Financial Literacy & Family Legacy at the Dinner Table with Scott Donnell

In this episode, Nick Hopwood, CFP® & Preston Gee, CFP® of Peak Wealth are joined by Scott Donnell, founder of GravyStack and DinnerTable.com.

U.S. National Debt Hits New Record, Topping $35 Trillion

Nick Hopwood, CFP®  joined The Steve Gruber Show to unpack the implications of the U.S. national debt surpassing past $35 trillion.

EP 239: Beyond the Linear Path: How Monte Carlo Models Reflect Reality

In the latest episode of the Trust the Plan Podcast, Nick Hopwood, CFP® & Jim Pilat, CFP® dive into the intricacies of Monte Carlo simulations and their application in financial planning.

EP 238: Exploring Retirement Readiness: A Peak Wealth Case Study

In this episode of The Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth delve into an intriguing case study that highlights the dynamic nature of retirement planning.

EP 237: Preparing for Financial Peaks: What New Clients Need to Know

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth welcome you to explore the Peak Process, a comprehensive approach designed to empower clients on their journey to financial success.

EP 236: Market Reaction: Stocks and the Ripple Effect of Major Events

Join hosts Nick Hopwood, CFP® and Jim Pilat, CFP® on the Trust the Plan Podcast, where they delve into the intricate world of stock market behaviors following geopolitical upheavals and pivotal historical moments.

EP 235: Buyer Beware: Avoiding Common Annuity Mistakes

Whether you're considering an annuity for retirement planning or evaluating your current financial portfolio, join us as we unpack the crucial factors to consider when choosing the right path forward.

EP 234: Planning for Longevity: Strategies from Successful Retirees

Welcome to the Trust the Plan Podcast with hosts Nick Hopwood, CFP® and Jim Pilat, CFP® where we delve into real-life case studies and expert insights on preparing for retirement and navigating the uncertainties of the future.

EP 233: Beware the Cash Trap: High Interest Rate Hazards

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management delve into the dangers of Americans chasing high interest rates, exploring how the allure of high returns can lead to a 'cash trap'.

Navigating Annuity Pitfalls: What You Need to Know

With his trademark clarity and expertise, Nick Hopwood, CFP® talks about how he navigates the complexity of annuity contracts, advising listeners on how to assess the worth and potential pitfalls of their investments.

EP 232: Maximize Your Miles: Insider Tips with Evan Chopp

Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the art of maximizing airline miles with special guest, Evan Chopp.

The Membership Money Pit

A look as how autopay subscriptions can be a drain on your finances, especially when forgotten.

EP 231: The Brokerage Blueprint: Key Steps to Early Retirement Success

Join Nick Hopwood, CFP® and Jim Pilat, CFP® on the Trust the Plan Podcast as they delve into the crucial role of brokerage accounts.

EP 230: Adapting Your FIRE Strategy for Economic Uncertainty

In this episode of the Trust the Plan Podcast feat. Nick Hopwood, CFP® and Jim Pilat, CFP®, listeners gain valuable insights into navigating the FIRE (Financial Independence, Retire Early) strategy.

Estate Management Checklist

Is your estate in order? This short quiz may help you assess your overall strategy.

Insurance Needs Assessment: For Empty Nesters And Retirees

Do your insurance needs stay the same when the nest empties?

EP 229: Maximizing Wealth: Strategies for Inherited IRAs

Join Nick Hopwood, CFP® and Jim Pilat, CFP® as they expertly guide us through the intricacies of inherited individual retirement accounts (IRAs) and share invaluable strategies for mitigating taxes associated with them.

A Look At Diversification

Diversification is an investment principle designed to manage risk, but it can't prevent against a loss.

A Look At Diversification

Diversification is an investment principle designed to manage risk, but it can't prevent against a loss.

EP 228: Celebrating Success: Reflections on the No-Spend Month Journey

In this special episode, Nick Hopwood, CFP® talks with Preston Gee, CFP® on his transformative journey: a month of eliminating all unnecessary expenses.

EP 227: Empowering Your Finances: What a Financial Planner Can Do for You

Nick Hopwood, CFP® & Jim Pilat, CFP® delve into the intricate world of financial planning, uncovering the crucial role of financial planners and the comprehensive coverage of a well-crafted financial plan.

Caring For Aging Parents

As our nation ages, many Americans are turning their attention to caring for aging parents.

Promotion of Preston Gee

We are pleased to share some exciting news from the Peak Wealth Management team. As part of our commitment to providing exceptional financial guidance and services, we are delighted to announce the promotion of Preston Gee to the...

EP 226: The Retirement Blueprint: A Checklist for Every Age

Join Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth as we guide you through the crucial tasks to tackle at various stages of your life leading up to retirement.

Intellectual Property Rocks In A New Digital Era

Intellectual property ownership and its implications for ordinary people and estates.

EP 225: Navigating the Mortgage Maze: Pay Off or Invest?

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® dive into a common dilemma: Should you prioritize paying off your home with a lower interest rate quickly, or invest your dollars in a money market when rates are higher?

Financial Forecast: Preparing for 2024 Taxes Now

Nick and Steve explore strategic financial planning strategies, offer expert insights on navigating the ever-changing tax landscape, and discuss how to make informed decisions that will set you up for success in the coming year.

EP 224: Why Presidential Elections Shouldn't Dictate Your Investment Decisions

As we near closer to the U.S. Presidential Election in November, Nick and Jim debunk common misconceptions surrounding the impact of political cycles on financial markets.  

Beginner Steps to Build Wealth From Scratch

Building wealth from scratch requires dedication, discipline, and strategic planning. While it may seem daunting, following a systematic approach can help lay the foundation for financial success. Here are several key steps to consider...

Analyzing the Financial Well-being in America with Nick Hopwood on Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth joined The Steve Gruber Show to discuss the current state of the economy. The duo talks more on the current trends in the energy sector, the housing market, and the U.S. jobs report.

EP 223: Finding Meaning in Semi-Retirement: The Benefits of Gradual Retirement

Jim Pilat, CFP® & Preston Gee, CFP® delve into the advantages of transitioning into part-time work during your retirement years, exploring how it can bring purpose, fulfillment, and a sense of balance to your life. 

Exploring The Federal Student Grant Program

In this article, explore the benefits of the Federal Student Grant Program.

EP 222: Maximizing Your Inheritance: Should You Take Out Your Beneficiary IRA Funds?

Jim Pilat, CFP® and Preston Gee, CFP® of the Trust The Plan Podcast tackles the topic of maximizing your inheritance by discussing the question of whether or not you should take out your beneficiary IRA funds.

Nick Hopwood, CFP® Discusses Long-Term Care and Tax Strategies on The Steve Gruber Show

Nick Hopwood, CFP® provides valuable information and expert analysis on various financial topics, giving viewers of The Steve Gruber Show a deeper understanding of how to navigate tax-related issues and make informed investment decisions.

Is Your Retirement Savings Enough? Signs You Might Be Falling Short

With their combined expertise, Jim Pilat, CFP® and Preston Gee, CFP® provide valuable insights and practical tips to help listeners assess their current financial situation and navigate the complexities of retirement planning.

EP 220: Elevate Your Finances: Inside the Preston Gee Financial Plan 2024

Preston Gee, CFP® shares his detailed financial plan for 2024. With a focus on achieving peak wealth and financial independence, Gee outlines his strategies for maximizing investment returns, managing expenses, and planning for retirement.

Talking Gold Prices on the Rise, Obamacare Subsidies & US Economy Updates

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to discuss the recent surge in gold prices and what it means for investors.

Four Really Good Reasons To Invest

There are four very good reasons to start investing. Do you know what they are?

EP 219: Financial Foundations for Kids: A Guide for Parents

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management are diving into the important topic of financial foundations for kids and guiding parents on how to instill good money habits in their children.

The Difference Between a Roth 401k and a Roth IRA

When it comes to retirement planning, one of the key decisions individuals face is choosing how they want to save. Oftentimes, this comes down to choosing between a Roth 401k and a Roth IRA. While both offer tax-free growth and...

How Will The Economy React To AI?

What do concerns or uncertainty about AI mean for your future and your financial strategy?

EP 218: Cracking the Longevity Code: Secrets to a Longer, Healthier Life

From cutting-edge science to practical tips and strategies, Nick Hopwood, CFP® and Jim Pilat, CFP® break down key factors inspired that contribute to aging and how we can defy the odds to turn back the clock.

Small Business, Big Benefits: Mastering 401(k) and Retirement Plans

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show in-studio to highlight the importance of small businesses offering retirement benefits to their employees.

9 Facts About Retirement

Regardless of how you approach retirement, there are some things about it that might surprise you.

The Millionaire Definition Hasn't Changed, But Its Meaning Has

In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the meaning of obtaining the $1 million status- and how its meaning has evolved over time.

Unlocking Your Potential: A Conversation with Ben Knapp on Healthier Living

Nick Hopwood, CFP® of Peak Wealth sits down with Ben Knapp of Omnevo Performance Academy to dive deep into the world of health and wellness.

Inflation and Economic Growth: A Discussion on the US Economy

Nick Hopwood, CFP® of Peak Wealth Management is live in-studio on The Steve Gruber Show talking about inflation and economic growth.

Retirement Seen Through Your Eyes

What's your vision of retirement?

EP 215: 10 Money Myths Broke People Believe

By dispelling these myths and providing practical advice, Nick Hopwood, CFP® and Jim Pilat, CFP® hope to help listeners improve their financial literacy and make more informed decisions about their money. 

Unpacking the Economic Indicators: A Close Look at the US Economy

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to offer an insightful analysis on the current economic landscape.

How to Access 2023 TD Ameritrade & Charles Schwab Tax Forms

Nick Hopwood. CFP® of Peak Wealth Management takes you through the steps to access your 2023 tax forms through TD Ameritrade & Charles Schwab.

Can Group, Private Disability Policies Work Together?

Loss of income from disability has the potential to cause financial hardship. Disability insurance can help.

EP 214: The Election Effect: How Politics Influences the Market

In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management delve into the relationship between politics and the U.S. market.

EP 213: Thriving Through Transitions: Post-Retirement Valleys Explored

In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management aim to provide support and guidance for those in the transitional phase of the post-retirement valley.

Roth IRA For Kids

Learn about the benefits and requirements of opening a Roth IRA for kids.

Mastering Retirement: The 8 Essential Ages for Financial Success

In the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® share valuable insights on the eight most important ages in retirement planning.

Business Is Finished: After 26 Years, We Are National Champions Again

Nick Hopwood shares his experiences with Michigan Football - From attending the Rose Bowl in 1998 to celebrating the team's victory in Houston for the 2024 National Championship Game.

The MOST Important Ages for Retirement Planning

Nick Hopwood, CFP® joins The Steve Gruber Show to dive into the topic of retirement planning, specifically focusing on the 8 most crucial ages that individuals should consider when planning for their post-work years.

When Life Insurance Becomes Taxable

Life insurance proceeds are generally tax-free. But not in all cases.

EP 211: 2024's Game-Changer: The 529 Rollover into IRA Explained

In 2024 unused money in a 529 plan can start to be converted into a Roth IRA, eliminating one of the defects in the education savings plan.

EP 210: Maximizing Tax Benefits: How Donor-Advised Funds Can Help

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management dive into the concept of donor-advised funds, a popular and effective tool for charitable giving.

Do Your Kids Know The Value Of A Silver Spoon?

You taught them how to read and how to ride a bike, but have you taught your children how to manage money?

EP 209: Health Care Coverage for Retirees

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the options of health care coverage for retirees.

White Elephant Inheritance

This article deals with how one might deal with a burdensome inheritance.

End of Year 2023 Market Analysis on The Steve Gruber Show

From the surge in the stock market to gold prices on the rise — Will the record highs last?

EP 208: Next Level Investing: Mega Backdoor Roths

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management dive into the benefits of Mega Backdoor Roths.

How Boomers And Millennials Differ

The YOLO Economy is a focus on experiences over material possessions, prompting Boomers to consider a similar mindset.

Top 5 Trust the Plan Podcasts of 2023

Trust the Plan Podcast recapped for 2023 - highlighting the top 5 episodes of the year feat. Nick Hopwood, CFP & Jim Pilat, CFP of Peak Wealth Management.

Five Most Overlooked Tax Deductions

Five overlooked tax deductions to help manage your tax bill.

EP 207: Making Smart Housing Decisions in Retirement

Making smart housing decisions in retirement is a crucial part of planning for this new chapter in life.

Peak's Invest in Others Scholarship Recipients 2023

Each year, through our Invest In Others Scholarship, we offer multiple scholarships to students who have demonstrated exceptional commitment to their education and community.

EP 206: Retirement Investing: Dave Ramsey's 8% Withdrawal Rate

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss  Dave Ramsey's concept of an 8% withdrawal rate in retirement.

Should I Accept A Free Credit Lock?

Learn the ins and outs of credit locks, freezes, and more.

Overcoming Recession Fears | The Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to talk about conflicting indicators on the future of the economy

What If Your Kids Decide Against College?

Rising college costs prompt students to seek alternatives; 529 account funds can be used for other education options.

EP 205: From Mine to Ours: The Ultimate Guide to Joint Bank Accounts in Marriage

Nick Hopwood, CFP® and Jim Pilat, CFP® talk about how financial transparency and unity are fundamental to a successful partnership — and how joint bank accounts can be a powerful tool in achieving that.

What’s My 2024 Tax Bracket?

Check out this handy reference of updated ranges from the IRS in case your designated bracket has changed.

EP 204: Maximum Benefits and Contribution Limits for 2024

The IRS announced adjustments for various retirement plans, including 401(k), IRA, and Roth IRA accounts. These updates mean that you now have even more opportunities to maximize your contributions towards your retirement accounts in 2024.

EP 203: Mint Shutdown: What Should Mint Users Do Now?

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® discuss the upcoming shutdown of the budgeting app, Mint. As of January 1, 2024, Mint is leaving its users without a tool they've relied on for budgeting and financial management.

Reviewing Your Life Insurance Needs

Learn how the review process works and how it may help you better understand your Life Insurance.

U.S. Market Analysis: Week of 11-13-23 on The Steve Gruber Show

From inflation to the current housing market, Nick & Steve delve into everything you need to know about the status of the United States economy — and how it could impact you financially.

EP 202: What is a Money Date? & How Can it Help Your Financial Future?

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about the benefits of a money date — and the impact it can have on your financial future.

A Checklist For When A Spouse Or Parent Passes

An overview of some fundamental steps when a loved one passes.

2023 Market Update: Reviewing the Current State of the US Economy and What's Ahead

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to discuss October 2023 U.S. economy results.

EP 201: Top 5 Careers of Millionaires (Results will SHOCK you!)

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about the top 5 careers of millionaires, according to the largest survey EVER conducted on 10,000 U.S. millionaires— and the results will shock you!

9 Facts About Social Security

There are things about Social Security that might surprise you.

EP 200: Exploring the Impact of the Israel-Palestine Conflict on the US Deficit

In episode 200 of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management delve into the ongoing conflict in Israel and its impact on the United States deficit.

Navigating a Tough Market: Understanding the Downward Trend in Stocks and Bonds

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to discuss the current status of the market.

Estate Strategies Of The Rich And Famous

The examples of famous celebrities underline the need for a clear estate strategy.

EP 199: Tackling the Cost of College: A Guide to Saving for Higher Education

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management will discuss the best practices, strategies, and options available for financing higher education.

EP 198: Managing Client Expectations: The Secret to Successful CFP-Client Relationships

Nick Hopwood, CFP® and Jim Pilat, CFP® delve into the crucial topic of managing client expectations as a Certified Financial Planner (CFP) and how it sets the foundation for a successful and fulfilling relationship.

Unpacking the Impact: How the War in Israel is Affecting the American Market

Nick Hopwood, CFP® of Peak Wealth Management joins The Steve Gruber Show to examine how the conflict in Israel could affect the American market and the national debt.

EP 197: The Cost of Risk: Why Some Homeowners Refuse to Buy Insurance

Some homeowners who are skipping coverage say they can no longer afford rising premiums.

EP 196: Rounding Up At The Register

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about businesses that ask you to "round up" for donations. This tactic has become increasingly popular among businesses, including supermarkets and gas stations.

The Retirement Readiness Checklist: How to Know When You're Prepared

Nick Hopwood, CFP® of Peak Wealth Management joins The Steve Gruber Show to talk on the 5 stages of retirement — and how to know when you are prepared to take the leap.

Don’t Retire...Graduate! feat. Eric Brotman, CFP®

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management had the pleasure of speaking with Financial Advisor, Eric Brotman.

EP 195: Mastering the Withdrawal Phases of Retirement

In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about retirement withdrawal strategies.

Bidenomics and Government Overspending: U.S. Economy Overview

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to talk about Bidenomics, inflation, and government overspending. Catch the full episode now.

EP 194: Exploring September Economic Trends 2023

Join Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management as they discuss how September tends to be a month that is a seasonally challenging time.

A Decision Not Made Is Still A Decision

Investors who put off important investment decisions may face potential consequence to their future financial security.

Riding the Inflation Rollercoaster | The Steve Gruber Show

In this episode, Nick Hopwood, CFP® of Peak Wealth Management joins The Steve Gruber Show to delve into the broader topic of inflation as they discuss the effect it has on the economy and individuals.

Why Jackson Hole Matters for the Global Economy | The Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joins The Steve Gruber Show to discuss the Fed's Annual Economic Symposium hosted in Jackson Hole, Wyoming.

EP 193: Do Young Americans Share the Same Work Ethic & Goals as Boomers?

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about a recent TikTok video where a woman compares the work ethic and goals between Gen Z & Boomers.

Michigan Football Through the Eyes of Chris Duprey

In this episode, Nick Hopwood, CFP® sits down with former Michigan Daily writer, Chris Duprey. Chris spent his college years at the University of Michigan working as a sports writer for the newspaper. We delve into how he got his start, som

Managing The Risk Of Outliving Your Money

Steps to help you sustain and grow your retirement savings.

EP 192: The Risks of Owning Rental Properties

Owning a rental property can be a great way to generate passive income and build wealth over time. However, like any investment, there are risks and downsides to consider.

A Primer On Dividends

A company's profits can be reinvested or paid out to the company’s shareholders as “dividends."

EP 191: Back to Reality: The Impending Resumption of Student Loan Payments

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the recent news that student loan payments will resume October 2023 after being paused due to the COVID-19 pandemic.

A Primer On Irrevocable Life Insurance Trusts

Irrevocable life insurance trusts can be important tools that may accomplish a number of estate objectives.

EP 190: The U.S. Government Debt Has Been Downgraded

Nick Hopwood, CFP® and Jim Pilat, CFP® discuss the recent news that Fitch, one of the major credit rating agencies, has downgraded the U.S. economy's debt rating from AAA to AA+.

EP 189: The Keys to Olivia Atkin's Success in Podcasting, Writing, and Entrepreneurship

Join us for an inspiring episode with Nick Hopwood, CFP® and Jim Pilat, CFP® as they delve into the life and career of Olivia Atkin, a podcaster, author and successful entrepreneur.

Buying Vs. Leasing A Car

Whatever your relationship with your car, it may eventually come time for a new one. Familiarize yourself with your options.

EP 188: The Power of Multiple Revenue Streams: A Guide to Diversifying Your Income

Nick Hopwood, CFP® and Preston Gee, CFP® of Peak Wealth Management highlight the importance of diversification in achieving long-term financial success.

What It Takes To Become An Accredited Investor

What does it take to be an accredited investor? Explore the details, & the types of investments offered to those who qualify.

EP 187: Mastering Your Wealth: The Power of Tracking Net Worth

Nick Hopwood, CFP and Preston Gee, CFP delve into why tracking net worth is crucial for financial success — Listeners will be equipped with practical tools and knowledge to effectively monitor and improve their own net worth.

Net Unrealized Appreciation (NUA) Explained

Have you considered the special tax treatment on company stock held in a 401(k) plan?

EP 186: The Wealth Illusion: More Likely to Misjudge Retirement Preparedness

Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others, according to a new report.

Does Your Portfolio Fit Your Retirement Lifestyle?

Lifestyle considerations in creating your retirement portfolio.

Hot Property: Analyzing the Drivers of a Strong Housing Market

Nick Hopwood, CFP® joins The Steve Gruber Show to explore the reasons behind the robust housing market and the implications it has for the broader financial landscape.

EP 185: Mid-Year Tax Checkup

Summertime is the perfect time for a mid-year tax checkup. A tax checkup will help you avoid being surprised with a potentially large tax bill and may help uncover ways you can save throughout the rest of the year.

Do Our Biases Affect Our Financial Choices?

Even the most seasoned investors have biases affecting their financial choices.

Retirement Seen Through Your Eyes

What's your vision of retirement?

EP 184: The Surprising Investment Habits of Gen Z

From single stocks to cryptocurrency, listen to this new episode of the Trust the Plan Podcast to learn more about how the next generation invests their money.

Talking Pensions & Investments on The Steve Gruber Show

Guaranteed pensions don’t exist like in the past. Nick Hopwood, CFP® joins The Steve Gruber Show to talk on the top ways to invest & save for your future.

FIRE Retirement

This short, informative article teaches the basics of the FIRE movement.

EP 183: Is Tipping Getting Out of Control?

We have seen a shift in the tipping culture. It feels as though tipping has become the expectation everywhere. Listen to Nick Hopwood, CFP® and Jim Pilat, CFP® share their perspectives.

Outlook on the U.S. Economy - June 14, 2023 | The Steve Gruber Show

With inflation coming in at 4 percent to the DOW and NASDAQ numbers up on Wall Street, how strong is the U.S. economy right now?

EP 182: Top 5 Mistakes Most People Make With Their Money

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the top 5 mistakes most people make with their money. How do you relate?

Social Security: The 64,000 Dollar Question

One of the most common questions people ask about Social Security is when they should start taking benefits.

D-Day's 79th Anniversary Nick and Hunter Hopwood in Normandy

Listen to Nick Hopwood, CFP® talk about his experience with Hunter and the St. John's Northwestern Military Academy cadets on the 79th anniversary of D-Day.

EP 181: Hope, Healing & New Beginnings with Jennifer Frush

In this episode, Nick Hopwood, CFP® is joined by Jennifer Frush, executive director for New Hope Center for Grief Support based in Northville, Michigan.

Normandy Marks D-Day's 79 Year Anniversary | The Steve Gruber Show

On the 79th anniversary of D-Day, Nick Hopwood, CFP® joins The Steve Gruber Show to talk about his recent experience traveling to England to visit WWII locations including Normandy.

EP 180: The True Cost Per Boat Ride

Summer is here- and we are back to bring you an updated version of one of our most popular podcast episodes... The true cost per boat ride. (Original EP is #60).

Separating The Signal From The Noise

A good professional provides important guidance and insight through the years.

How Healthy is the U.S. Economy? | The Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joins The Steve Gruber Show to dive in the current state of the economy.

EP 179: How Rich Young Americans Reinvest Their Money

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about how rich young Americans reinvest their money.

Medicare At 65+

65 or older? It may be time to enroll in Medicare. Read to learn if you’re eligible.

Immediate Vs. Deferred Annuities

Looking forward to retirement? It's critical to understand the difference between immediate and deferred annuities.

EP 178: Investing in Precious Metals

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management said they are frequently asked by clients about how to invest in precious metals.

Best Vacations: By Car, By Ship, By Foot, Once In A Lifetime

Four vacation destinations you might never have thought of.

EP 177: Diversification Strategies for Your Investment Portfolio

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about how we must plan long-term by diversifying where our money is invested.

Regional Banking Crisis

Slow-motion Regional Banking Crisis

TD Ameritrade Accounts Are Moving to Schwab. Here's What You Need to Know.

TD Ameritrade transition to Schwab

Choosing A Business Structure

Entrepreneurs all face the same question, “Which business structure should I adopt?”

EP 176: House Hacking

Nick Hopwood, CFP® and Preston Gee, CFP® of Peak Wealth Management talk about how to make extra income through house hacking.

#NoLazyMoney on The Steve Gruber Show

From long-term investment planning to the benefits of HSAs and money markets, Nick and Steve also dive in on what you need to know about how to make your money work FOR you.

Benefits of Tax Planning on The Steve Gruber Show

It is beneficial for us to revisit how our finances are set up — from power of attorney to ensuring all of our accounts have updated beneficiaries.

EP 175: The One Where Preston Becomes a CFP®

Preston Gee of Peak Wealth Management talks about the process of becoming a certified financial planner.

A Look At Diversification

Diversification is an investment principle designed to manage risk, but it can't prevent against a loss.

EP 174: Is it Too Late to Have Nothing Saved for Retirement?

1 in 4 boomers said they didn't start saving for retirement until they turned 50 — and over a third of them still say they have no retirement savings at all.

Social Security: The Elephant In The Room

Some people wonder if Social Security will remain financially sound enough to pay the benefits they are owed.

EP 173: Who Do You Trust to Give You Financial Advice?

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about how in a recent article on MarketWatch, a study said 50 percent of people are more likely to trust a family member or friend with their finances over an expert.

How Will Working Affect Social Security Benefits?

Knowing the rules may help you decide when to start benefits.

EP 172: Preparing for Tax Season

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss filing benefits you can take advantage of while planning for tax season.

Does Your Child Need To File An Income Tax Return?

When your child has income, there’s a good chance that he or she will need to report it and pay taxes.

Talking No Lazy Money on The Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to talk about taking advantage of opportunities to boost your investments.

EP 171: Benefits of Working With a Fiduciary

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about the responsibility that comes with being a fiduciary.

Understanding FDIC Insurance

FDIC insurance was designed to protect your deposited funds, but do you know how? This article answers that question.

EP 170: Keeping Up With The Joneses

Nick Hopwood, CFP® and Jim Pilat, CFP® talk about how important it is for us to think about how our spending choices impact our long-term financial goals.

Breaking Down The Parts Of Medicare

Medicare is broken down into four specific parts—but what do they mean? This article will help you understand each piece.

What Comes Next After Bank Collapse on The Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joins The Steve Gruber Show to talk about the recent bank collapse in Silicon Valley.

A Penny Saved Is Two Pennies Earned

Here are some simple and inexpensive energy-saving tips that may help you save money.

EP 169: 2023 IRMAA Brackets

On the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about Income Related Monthly Adjustment Amounts (IRMAA).

Talking Social Security Optimization on The Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to talk about Social Security optimization, taking advantage of money market opportunities + making our money work FOR us.

3 Estate Challenges For Blended Families

If you’ve been re-married or divorced, these family structures may present some unique challenges. This article will help your clients with blended families think and prepare their estate strategy.

EP 168: Coronavirus Policy Fallout

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the repercussions we are still experiencing from the policies that were set in place during the height of the Coronavirus.

EP 167: Talking with James Reid, Labor and Employment Attorney (and Athlete)

Nick Hopwood, CFP® is joined by James Reid, one of Michigan's best-known and most accomplished labor attorneys.

Stop Living Paycheck to Paycheck

According to a recent report from CNBC, an astounding 63% of Americans are living paycheck to paycheck. If you allow yourself to live paycheck to paycheck, all it takes is one accident to force you to take on debt. Once you take on...

The Pros And Cons Of A NUA Strategy

Learn the advantages of a Net Unrealized Appreciation strategy with this helpful article.

EP 166: Peak State of the Union 2023

Nick Hopwood, CFP® and Jim Pilat, CFP® share their annual State of the Union Address where they recap highlights of Peak Wealth Management.

Journey to Franchise Success with Frank & Hillary Sanchez

In this episode, Nick Hopwood, CFP® talks with Frank and Hillary Sanchez, who share their success in franchising.

EP 165: GoFundMe Financed Retirement

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss their thoughts on GoFundMe financed retirement.

Counteracting Capital Gains With Tax-Loss Harvesting

You may have heard the phrase "tax-loss harvesting." A financial professional may be able to provide some guidance.

Retirement Strategizing on The Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to talk on pension plans, Roth IRAs, 401(k)s and additional ways to strategize for retirement.

EP 164: Preston Gee's 2023 Financial Plan

Preston Gee, wealth advisor, at Peak Wealth Management is sharing his financial goals for 2023 — Including his plans for paying off his upcoming wedding, handling student loans, and purchasing real estate.

529 to Roth Contributions?!

One of the most common things I hear when discussing contributing to 529’s for college funding is the client is afraid of overfunding the account. Now, it isn’t necessarily a bad thing to overfund a 529, but you do lose...

Addressing the State of the Union 2023 on The Steve Gruber Show

Nick Hopwood, CFP® joined The Steve Gruber Show to discuss the State of the Union 2023. They dive more into housing price corrections, creation of new jobs, and benefits of money markets.

EP 163: Convert 529 Funds to Roth IRA

Families can make a tax-free rollover from 529 plans to Roth Individual retirement accounts starting in 2024.

2023 Off to a Strong Economic Start w/ The Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joins The Steve Gruber Show to talk the current state of the economy on February 1, 2023.

EP 162: Talking with Larry McDonald, founder of The Bear Traps Report

Nick Hopwood, CFP® is joined by Larry McDonald for this special episode of the Trust the Plan Podcast. Larry McDonald is currently a keynote speaker, founder of The Bear Traps Report Investment Newsletter and partner at ACG Analytics.

EP 161: January 2023 Market Update

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the U.S. economy as of January 2023.

Choosing A Retirement Plan That Fits Your Business

To choose a plan, it’s important to ask yourself four key questions.

The Magic of Amortization

Amortization is the calculation by which you pay off any loans you have. This calculation figures out given your time length, starting loan amount, and interest rate, how much you will need to pay each month to have the loan paid off....

A Decision Not Made Is Still A Decision

Investors who put off important investment decisions may face potential consequence to their future financial security.

EP 160: Pilat Family 2023 Financial Plan

Jim Pilat, CFP® of Peak Wealth Management talks about the financial goals and plans his family has for 2023.

SECURE Act 2.0: An Overview

The second iteration of the SECURE Act brings forward several changes to the world of retirement.

EP 159: Hopwood Family 2023 Financial Plan

Nick Hopwood, CFP® of Peak Wealth Management shares the financial goals his family has for 2023.

Talking Inflation, Stock Market, Retirement Planning in 2023 on The Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to discuss the state of the economy as we begin 2023.

Choices For Your 401(K) At A Former Employer

Individuals have three basic choices with the 401(k) account they accrued at a previous employer.

EP 158: Second Opinion on Retirement

In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® discuss a case study where the person was seeking a second opinion on retirement.

Does Your Credit Score Affect Your Insurance Rates?

Your credit score may influence how much you pay for auto and home insurance.

EP 157: Social Security Optimization

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the money people are losing when social security benefits are taken too early — and what you need to consider when making the decision to claim your SS in retirement. 

Assess Life Insurance Needs

How to help determine life insurance needs to provide for your family after you pass away.

EP 156: 401(k) Fees

Fees are eating away at Americans' retirement savings. According to a recent study, 40% of 401(k) plan participants don't understand the fees they are paying and 41% don't even think they're paying any fees at all. 

EP 155: The Biggest No-Brainer: Money Markets

Nick Hopwood, CFP® and Jim Pilat, CFP® talk about why you need to take advantage of money markets.

A Brief Guide to Condo Insurance

Important items to consider when purchasing condo insurance.

EP 154: Be (Money) Smart

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss a recent article talking about a person who makes $350K a year - and yet is still living paycheck to paycheck.

End of 2022 Market Trends on The Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joins The Steve Gruber Show to analyze market trends as we wrap up 2022.

What Is A 1031 Exchange?

A look at 1031 Exchanges, a real estate investment strategy that may allow you to defer your capital gains taxes.

Are We Headed For A Recession? | The Steve Gruber Show

Join Nick Hopwood, CFP® of Peak Wealth Management as he dives into the current status of the market on The Steve Gruber Show.

EP 153: How to Use Airbnb to Generate Income

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about how you can take advantage of the Airbnb process to generate extra income.

A Cheat Sheet for Sending Your Kid to College

Dropping off your son or daughter is loaded with emotions; here are a few tips for a smoother experience.

Strategies for Paying Down Debt

Everybody knows having debt will consume a portion of your income each month until the debt gets paid off. Of course, once the debt is paid off your monthly cash flow surplus will increase, and with this surplus we can do some really...

EP 152: 2023 Contribution Limits

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about the contribution limit and social security increases coming in 2023.

Understanding Homeowners Insurance

Purchasing homeowners insurance is critical for protecting your home.

How the Election Has Impacted the Market on The Steve Gruber Show

Nick Hopwood, CFP® joins The Steve Gruber Show to analyze the market following the Election on November 8, 2022.

EP 151: Evaluating Life Insurance Coverage

November is open enrollment month for plans including health and life insurance. Learn what you need to consider when selecting your coverage.

When Life Insurance Becomes Taxable

Life insurance proceeds are generally tax-free. But not in all cases.

Talking Market Fluctuations on The Steve Gruber Show

Nick Hopwood, CFP® joined The Steve Gruber Show to talk the ups and downs of our current market status.

EP 150: No Lazy Money

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss the importance of having your money work for you - through investment plans and money markets.

Money Markets and CD's

Learn about how money market rates and CD rates have been increasing this year from Nick Hopwood, CFP of Peak Wealth Management in Plymouth, MI

Things To Consider When Choosing A Financial Advisor

There are many different points of consideration when deciding which financial advisor to go with. These can include where you found them, what is their investment philosophy, what is their business model, and maybe most importantly,...

The A, B, C, & D Of Medicare

Learn about all the parts of Medicare with this informative and enjoyable article.

EP 149: Treating College as a Business Decision

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss treating college as a business decision.

What To Do When Your Income Reaches 7 Figures

Preserve your high net worth with these foundational tips.

Discussing Market Performance and Tax Loss Harvesting on the Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to discuss opportunities in today's market. Join Nick and Steve as they discuss market performance, opportunities, tax loss harvesting and more.  

EP 148: Social Security Breaking Point

Millennials are convinced Social Security will vanish by the time they retire. The reality is less dire—but big changes are looming.

IRA Withdrawals That Escape The 10% Tax Penalty

The list of IRA withdrawals that may be taken without incurring a 10% early penalty has grown.

Bear Market Discussion

Join Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management as they discuss the current Bear Market, and how the path out may look. — Peak Wealth Management is a financial planning and wealth management firm...

Talking Inflation, Down Market on The Steve Gruber Show

Nick Hopwood, CFP® of Peak Wealth Management joins The Steve Gruber Show to analyze the current market. Learn more about how the down market and inflation can impact you and your retirement.

EP 147: Retiring in a Down Market

Join Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management as they dive in on the timely topic of retiring in a down market.

Your Emergency Fund: How Much Is Enough?

Having an emergency fund may help alleviate the stress and worry associated with a financial crisis.

Why it Pays to Pay Down Debt

A decent amount of people maintain a balance on their credit cards, home equity line of credit, or various other lines of credit. The common rationale behind maintaining a balance rather than paying it off is because they believe it...

Market Letter September 2022

Over the past 11 market days, the S&P 500 is down 12% and now at the same levels of the June lows. Trust the plan! Oftentimes, uncertainty will cause anxiety and we start to question the plan.

EP 146: Mortgage in Retirement

In a recent study, 38% of people said they have a mortgage payment to take care of after they've retired. Learn the importance of paying it off before you do - and tips on how to make it happen.

What Do You Pay Your Taxes For?

Taxes are one of the biggest budget items for most taxpayers, yet many have no idea what they’re getting for their money.

EP 145: Trust the Plan

Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management join together this week to dive in on what the phrase "trust the plan" means - as it is said frequently during meetings with clients who are seeking to retire confidently.

What Can You Buy With 529 Distributions?

Some of the biggest challenges many face when it comes to education are financial. Luckily, a 529 college saving plan can help.

Market Analysis - The Steve Gruber Show w/ Nick Hopwood

Nick Hopwood, CFP® of Peak Wealth Management joined The Steve Gruber Show to talk market analysis.

9 Facts About Social Security

Social Security's been a fact of retirement life ever since it was established in 1935. We all think we know how it works, but how much do you really know? Here are nine things that might surprise you.

EP 144: Lump Sum Reductions

Join the Peak team as they talk in depth on lump sum reduction - including the impact it has on retirement.

Make Your Savings Systematic

In my experience, the easiest way to save money is to do it in a way which won’t take any brain power. This is why turning your savings into systematic payments is the easiest way to ensure you continue working towards your...

Episode 143: The Difference Between a Financial Advisor and a Wealth Manager

Trust the Plan. Join Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management as they catch up on Summer 2022 as well as discuss a recent article about the difference between a financial advisor and a wealth manager....

Remodelers on the Rise Guest Appearance

Earlier this week I was asked to join a podcast by Remodelers on the Rise. We specifically discussed where to start saving, the benefits of Roth, the various types of employee retirement plans, and investment properties along with much...

Finance is an Art

When most people discuss finance they look at it objectively as a science with hard and fast guidelines dictating every decision. However, financial planning has much more to do with behavior and emotions than one may think.Behavior in...

Newest Hopwood Rental Property

Last month we purchased a new duplex and due to interest I’ve received from several clients I thought you might like to learn about how I evaluated this purchase. This post describes, in detail, how this new duplex is expected to...

Qualified Charitable Distributions

Have you ever heard of a qualified charitable distribution (QCD)? It is not a commonly discussed point of tax planning, but it can be very valuable if you fit into certain criteria. In fact, it can save you thousands of dollars per...

Epsiode 140: Social Security Tax Torpedo

Join Nick Hopwood, CFP® and Preston Gee of Peak Wealth Management as they discuss the "Social Security Tax Torpedo." How will this hidden torpedo impact your taxes in retirement? Peak Wealth Management is a financial planning and...

Ever Changing Life Insurance Needs

Throughout the different stages of life your financial needs will change with you. This is especially true for life insurance. As you begin ramping up your life through marriage, having kids, and new debt, the need for life insurance...

Episode 139: What Happens After a Bear Market Starts?

Join Nick Hopwood, CFP® and Preston Gee of Peak Wealth Management as they discuss the things to watch for after a bear market starts. — Peak Wealth Management is a financial planning and wealth management firm in Plymouth,...

Social Security Optimization

Join Nick Hopwood, CFP®, Jim Pilat, AIF®, and Preston Gee of Peak Wealth Management as they discuss their new Social Security Analysis tool. How can we find the optimal social security claiming strategy? They...

What to do With Your Old 401k

When you leave an employer the decision on what to do with your 401k is probably more important than you think. There are 3 basic avenues to consider when making this decision. Avenue 1: Rollover to an IRA Rolling the account over to...

A Rollercoaster of Emotions

Manipulating Income Tax and Medicare Premiums in Retirement

Join Nick Hopwood, CFP® and Preston Gee of Peak Wealth Management as they discuss how to diversify retirement income  sources with consideration to income tax and increasing medicare premiums....

Historic Bond Performance in 2022

Join Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management as they discuss the 2022 performance of bonds. How does the performance compare to other historic years, and what is the...

Market Update May 2, 2022

Financial Planner Nick Hopwood, CFP from Peak Wealth offers comments on the recent market action

Semi Retirement is the New Normal

Semi-Retirement is the New Normal In the modern day, more and more people choose to pursue a stage of semi-retirement rather than fully retiring immediately. This is largely due to the 4 retirement questions which we recommend...

It Pays to Invest Today

Procrastination is the enemy of progress. This is especially true when it comes to your financial health and saving for retirement. Investing today, as soon as you think about it, could be the best decision you ever make for your...

Where Should you Save for Retirement?

Everybody knows that in order to enjoy a comfortable retirement you need to be saving during your working years. However, a question that we get a lot is where should I prioritize my savings? With so many different investment vehicles...

Evaluating Rental Real Estate

With real estate prices up so much recently, investors have been asking me if it still makes sense to purchase rentals. Also, people are asking me how I evaluate the numbers when I am considering a property for purchase. This blog post...

Take a Look at Bond Yields Now

Bond Yields Surge. Nick Hopwood, CFP talks about the recent moves in yields and what it can mean going forward.

EP 135: 2022 Hopwood Financial Plan

Options Trading for Beginners

Options trading is a complex way of managing a portfolio, and one that comes with increased risk. Despite the complexity of actually employing this technique, it can be fairly easy to understand if you look at it in small examples to...

EP 134: Talking Real Estate with Jeff Packer of The Packer Group

Nick Hopwood, CFP® and Jim Pilat, AIF® are joined by Jeff Packer of The Packer Group, a real estate team based in Plymouth, MI.

Your Emergency Fund: How Much is Enough?

One survey found that nearly 25% of Americans have no emergency savings. Another survey found that 40% of Americans said they wouldn't be able to comfortably handle an unexpected $1,000 expense. Here's what you need to do to be prepared.

Pullbacks, Corrections, and Bear Markets

When stock prices break lower, it's a good time to review common terms that are used to describe the market's downward momentum.

How I Will Save 20% on Student Loans

The CARES Act When the CARES act was passed in 2020 most people knew about it because of the stimulus money that was given to households and businesses in a time of need. However, there is a less discussed provision of the act in...

Invest in Others Scholarship Recipients 2021

Each year, through our Invest In Others Scholarship, we offer multiple scholarships to students who have demonstrated exceptional commitment to their education and community.

Top 5 Retire With Confidence Podcast Episodes of 2021

Over the last 12 months, financial advisors Nick Hopwood, CFP® and Jim Pilat, AIF® have shared tools and strategies on the Retire With Confidence Podcast to guide you on your retirement planning journey.

Do You Feel House-Poor? Learn about this Key Financial Ratio

How To Manage Your Debt/Income Ratio What Is This Ratio? Many people do not fully understand what their debt to income ratio is and why it is so important. This ratio is simply the amount that you must pay per month to meet all debt...

EP 133: Capital Gains & Qualified Opportunity Zones

EP 133: Capital Gains & Qualified Opportunity Zones Join Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management as they dive in on capital gains and Qualified Opportunity Zones. Former President Donald Trump's 2017...

EP 132: IRS & Potential Tax Increases

EP 132: IRS & Potential Tax Increases As we wrap up the year, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management strive to prepare you for potential tax law changes becoming effective in 2022. How will these tax...

When Should You Take Social Security?

When Should You Take Social Security? There are many schools of thought behind when someone should begin collecting Social Security. One of the more popular ideas is to take it as soon as you turn 62. The reasoning is that it will...

Are You Financially Prepared for the Holidays?

Are You Financially Prepared for the Holidays? If you’re hoping to avoid a New Year’s Day debt hangover this year, your best strategy is to make and stick to a holiday budget. The holiday season will be here before you know...

Expense Tracking: Why Does it Matter?

Expense Tracking: Why Does it Matter? Oftentimes when we discuss financial plans with prospective clients they are unsure of what their monthly cash outflows are. They have an idea of how much goes to the mortgage or other various...

EP 131: Death of the Balanced Portfolio

EP 131: Death of the Balanced Portfolio In this episode, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management talk about the death of the balanced portfolio — and why investment diversification is important....

EP 130: Social Security Deficiency

EP 130: Social Security Deficiency In this episode, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management highlight a recent article they read where it dives deeper into the Social Security deficiency. The Social...

How to Get Ready to Buy a House Someday

How to Get Ready to Buy a House Someday It begins with the question of whether it makes the most financial sense for you to rent or buy right now. But if the answer is "buy," you're going to want to start thinking about things like...

The Future of the Balanced Portfolio

The Future of the Balanced Portfolio This is an updated take on a blog that Nick wrote back in 2017, but the information has become all the more valuable as we have begun this new decade. It is not very often that an investor ends up...

EP: 129 College Is A Business Decision

EP: 129 College Is A Business Decision Before you make a decision on which college you'll be attending, listen to this episode because it is one you don't want to miss! For both parents and students, join Nick Hopwood, CFP® and Jim...

Early Retirement and COVID-19

Early Retirement and COVID-19 Early retirement and COVID-19 might seem unrelated but the pandemic is affecting industries from airlines to schools, and forcing some to make difficult choices. Retirement and Savings It is a huge...

EP 128: The Value of Working With a Financial Planner

EP 128: The Value of Working With a Financial Planner Hosts of the Retire With Confidence Podcast, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management are back with a new weekly episode! In this episode, Nick and...

To Invest or to Pay Down Debt: That is the Question

To Invest or to Pay Down Debt: That is the Question When you have excess cash flow there are 3 things that you can do with it: Save it Pay down debt Spend it There is only one “bad” option out of those, and it is number 3....

EP 127: Traditional Brokerage Fees

EP 127: Traditional Brokerage Fees Join us for a new Retire With Confidence Podcast featuring Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management. To kick off the episode, Nick shares an update on the recent...

EP 126: Mr. Roth Part II

EP 126: Mr. Roth Part II There are an incredible amount of Roth benefits — which is why we decided to dive in even more for a second episode on it. In this episode, Nick Hopwood, CFP® AKA Mr. Roth and Jim Pilat, AIF® of...

How to Efficiently Become a Millionaire

How to Efficiently Become a Millionaire The age old question of how much you need to save to become a millionaire really comes down to two things: What is the average return on your investment? What is the time horizon on your...

EP 125: Mr. Roth

EP 125: Mr. Roth Join Nick Hopwood, CFP® AKA Mr. Roth and Jim Pilat, AIF® of Peak Wealth Management to talk about the importance of Roth IRAs and investing. In this episode, Nick and Jim dive in on everything from the benefits...

EP 124: Real Estate Evictions

EP 124: Real Estate Evictions In this new episode, Nick Hopwood, CFP® of Peak Wealth Management shares his personal story of evicting a tenant at one of his rental properties. He dives more into the extension of the eviction...

5 Tips for Managing Your Money as a College Student

5 Tips for Managing Your Money as College Student While the main focus is, of course, getting a quality education, college also provides a great opportunity to develop the money skills you'll need after you graduate. You can start...

How to Avoid Post-Pandemic Overspending

How to Avoid Post-Pandemic Overspending Nearly 80% of Americans reported saving money in 2020 just by not going out to eat ($245 savings), not going on vacation ($1,400 savings), and not making major purchases ($5,700 savings)! 1 But...

How To Stay On Track With Your Financial Goals Midway Through the Year

How To Stay On Track With Your Financial Goals Midway Through the Year Believe it or not, we are halfway through 2021, which means it’s time to check in on your progress with any financial goals you set at the beginning of the...

EP 123: Not Your Average Financial Plan

EP 123: Not Your Average Financial Plan In this episode, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management dive in on things you can do right now to take your financial plan to the next level. Listen to our...

EP 122: Chatting with New Peak Intern, Adam Roberts

EP 122: Chatting with New Peak Intern, Adam Roberts In this episode, Nick Hopwood, CFP® and Jim Pilat, AIF® talk with Adam Roberts, our new finance intern at Peak Wealth Management. Adam shares more about his educational...

What Causes Inflation and How Does it Affect You?

What Causes Inflation? Inflation occurs when prices go up and the purchasing power (the value of currency) decreases as time goes on. But why can't a dollar today buy you as much as it did in 1955? Inflation happens when the price of...

EP 121: Getting to Know Preston Gee

EP 121: Getting to Know Preston Gee: Client Relationship Manager In this episode, Nick Hopwood, CFP® and Jim Pilat, AIF® are joined by Preston Gee, client relationship manager at Peak Wealth Management. He recently joined the...

EP 120: Getting a Job in Retirement

EP 120: Getting a Job in Retirement In this episode, Nick Hopwood, CFP® and Jim Pilat, AIF® highlight the benefits of getting a job in retirement. From the advantages of a Roth Conversion to delaying Social Security, learn more...

Case Study: Financial Planning Client

Case Study: Financial Planning Client Mr. and Mrs. Schoolcraft - Each 56 years old and want to retire when they are 65 Each making 100,000/yr. $200,000 household income Social Security will be 27,250 each at age 65 when they retire. 54...

How to Save For Retirement When You Are In Your 50s

How to Save For Retirement When You Are In Your 50s If you've hit the half-century mark, you might be closing in on retirement. In fact, the average American retires at age 62.1 With that horizon in sight, do what you can now to make...

EP 119: Realistic Retirement Expectations

EP 119: Realistic Retirement Expectations In this episode, Nick Hopwood, CPR® and Jim Pilat, AIF® of Peak Wealth Management talk about a recent article they read titled, "Retirees are overly optimistic about their financial...

EP 118: Backdoor Roths & Roth Conversions

EP 118: Backdoor Roths & Roth Conversions In this episode, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management talk about the benefits of having multiple buckets of retirement money — and how more people need...

How to Pay Off Your Mortgage Early

How to Pay Off Your Mortgage Early When you own your home free and clear, you can save, invest and achieve other financial goals. Understanding the many ways to pay off a mortgage early can help you take meaningful steps toward...

EP 117: Our Thoughts on Bitcoin

EP 117: Our Thoughts on Bitcoin Thinking of investing in Bitcoin? or perhaps you already have taken the dive. Take a listen to our episode to hear what Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management think...

EP 116: 9 Categories of Martin Short

EP 116: 9 Categories of Martin Short In this new episode, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management talk about a self-growth exercise created by the actor/comedian, Martin Short. In a recent podcast,...

6 Money Saving Tips for Summer

6 Money Saving Tips for SummerA little planning can save you a bundle. During the summer months, it can become difficult to stay on track with our finances - with vacations, activities, and more. Here are 6 money saving tips for you to...

EP 115: What to Expect: Second House & Moving Expenses

EP 115: What to Expect: Second House & Moving Expenses In episode 115 of the Retire With Confidence Podcast, join Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management. Nick and Jim talk about how the current real...

EP 114: Stock Trading & Investing with Robinhood

EP 114: Stock Trading & Investing with Robinhood In this episode, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management talk about the stock trading and investing app called Robinhood. They dive in on how it can...

April is Financial Literacy Month: How to Improve Your Finances This Month

April is Financial Literacy Month: How to Improve Your Finances This MonthApril is Financial Literacy Month, which makes it a great time to revisit the basics. These tasks can also help you make sure you are staying on track with...

EP 113: Where's Your Money Going?

EP 113: Where's Your Money Going? In a recent survey, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management read that 65 percent of people had no idea how much they spent last month. This episode serves as a reminder...

EP 112: Real Estate Investing Feat. Katie Nolff

EP 112: Real Estate Investing With Katie Nolff Whether if you are just starting out in real estate investing or a seasoned veteran in the market, this is an episode you won't want to miss! Nick Hopwood, CFP® of Peak Wealth...

12 Financial Goals For Each Month of 2021

12 Financial Goals For Each Month of 2021 There is no wrong time to create or refresh your financial plan. Start with these monthly milestones or mix-and-match to correspond with your personal goals. Whether you’re just starting...

EP 111: Low Interest Rates

EP 111: Low Interest Rates Join Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management as they talk about what we are seeing in the low interest rate environment — and what could happen next in the market. They...

COVID-19 Market Predictions and Thoughts One Year Ago

One Year Anniversary of COVID-19 Lockdowns It has been one year since we entered into a worldwide lockdown due to the coronavirus pandemic. Just a few days following the announcement, Nick Hopwood, CFP® and Jim Pilat, AIF® of...

EP 110: Financial Teamwork at Peak Wealth Management

EP 110: Financial Teamwork at Peak Wealth Management In this episode, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management talk about why working on financial plans as a team is beneficial for their clients - and...

Your March Financial To-Do List

Your March Financial To-Do List Spring fever will be in full swing this month as the weather starts warming up. While it's time for renewal, this month is also when you should take care of some financial tasks to make sure that you're...

EP 109: What Does it Mean to Retire With Confidence?

EP 109: What Does it Mean to Retire With Confidence? The mission at Peak Wealth Management is to guide clients on their journey so they can retire with confidence. In this episode, Nick Hopwood, CFP® and Jim Pilat, AIF®...

EP 108: Healing of the Body with Aaron Li

Joining Nick Hopwood, CFP® of Peak Wealth Management on the Retire With Confidence Podcast this week is Aaron "Lucky" Li, acupuncturist and owner of Livonia Acupuncture. In this special episode, Aaron shares his journey —...

EP 107: Jack Hopwood, 11, Shares His Entrepreneurial Story

EP 107: Jack Hopwood, 11, Shares His Entrepreneurial Story In this special episode, Nick Hopwood, CFP® of Peak Wealth Management chats with his 11-year-old son, Jack Hopwood on entrepreneurship. During the summer of 2020, Jack...

Why Do I Need a Will?

Why Do I Need a Will? Six out of 10 people don’t have a will. If you’re reading this, you probably don’t have one either—and you’re probably wondering if that’s the best category to be in. Spoiler...

EP 106: Team Highlight: Patti Wojcik - Peak's Operations Manager

We are switching it up with this episode! Join Jim Pilat, AIF® as he chats with Patti Wojcik, operations manager here at Peak Wealth Management. Learn more about our team in this highlight diving in on all things Patti. Peak Wealth...

EP 105: Team Highlight: Gwen Smith - Peak's Operations Associate

EP 105: Team Highlight: Gwen Smith - Peak's Operations Associate In this special episode, join Nick Hopwood, CFP® of Peak Wealth Management as he chats with Gwendolyn Smith, operations associate at Peak. Get the scoop on all things...

A Guide to Long-Term Care Insurance

A Guide to Long-Term Care Insurance Did you know that 14 million adults needed long-term care services in 2018? Purchasing long-term care insurance can give you peace of mind and protect the nest egg you worked so hard to build. You'll...

EP 104: Peak State of the Union

EP 104: Peak State of the Union In this special episode, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management hold the Peak State of the Union to share highlights from 2020 — including an increase in new...

EP 103: College Savings Plans

EP 103: College Savings Plans In this episode, Nick Hopwood, CFP® and Jim Pilat, AIF® of Peak Wealth Management discuss college savings plans for families to better identify available routes to take for their children. Nick and...

The Coronavirus and Your Taxes in 2021

The Coronavirus and Your Taxes in 2021 The coronavirus has created a ripple effect that will be felt when you sit down to file your taxes for last year. Here are some things to keep in mind: Stimulus Checks As part of the Coronavirus...

EP 102: History and Culture of Michigan Athletics with Greg Dooley of MVictors

EP 102: History and Culture of Michigan Athletics with Greg Dooley of MVictors Nick Hopwood of Peak Wealth Management sits down to chat with Greg Dooley, founder of MVictors.com. Greg has shared his knowledge of the University of...

Top 5 Retire With Confidence Podcast Episodes of 2020

Top Retire With Confidence Podcast Episodes of 2020 We have officially wrapped up 2020. Over the last 12 months, Nick Hopwood and Jim Pilat have shared tools and strategies on the Retire With Confidence Podcast to guide you on your...

EP 101: Income Segmentation and Bucket Investing

EP 101: Income Segmentation and Bucket Investing We are kicking off 2021 with our 101st episode of the Retire With Confidence Podcast. In this episode, Nick Hopwood and Jim Pilat of Peak Wealth Management dive in on income segmentation...

4 Financial Goals for the New Year

4 Financial Goals for the New Year Making New Year’s resolutions is a great way to plan to be better in the new year. Unfortunately, sticking with those resolutions isn’t as easy as setting them. Whatever is on your list...

EP 100: Pilat Family 2021 Financial Plan

EP 100: Pilat Family 2021 Financial Plan We are celebrating our 100th episode of the Retire With Confidence Podcast! This week we are heading into 2021 — and before we do, Nick Hopwood talks with Jim Pilat about the financial...

EP 099: Mr. Wonderful

EP 099: Mr. Wonderful Kevin O'Leary AKA Mr. Wonderful, a businessman featured on the television show Shark Tank said people should strive to pay off their debts entirely by the age of 45. Listen to this episode to learn more about Nick...

5 Financial Moves to Make Before the End of the Year

5 Financial Moves to Make Before the End of the Year We’re closing in on the end of the year, which means it’s a great chance to take stock of your financial situation. To reflect on what's gone well this year, what could...

EP 098: Disorganized People

EP 098: Disorganized People How important is it to keep your finances organized? In this episode, Nick Hopwood and Jim Pilat of Peak Wealth Management discuss why it is beneficial to stay on top of your finances and investments. Nick...

EP 097: Don't Be A Jerk

EP 097: Don't Be A Jerk In this new episode, Nick Hopwood and Jim Pilat of Peak Wealth Management discuss the importance of a good personality fit when it comes to client/financial planner relationships. Learn more about other factors...

5 Smart Ways to Save During the Holidays

5 Smart Ways to Save During the Holidays Need to cut costs this Christmas? Here are five smart ways to save on the holidays, reduce stress and stay within your budget! Wouldn't it be nice to go into the New Year with a surplus rather...

EP 096: Important Interview Questions to Ask a Financial Advisor

EP 096: Important Interview Questions to Ask a Financial Advisor Whether if you are looking to work with a financial advisor for the first time or interested in switching it up with someone new, you'll want to listen to this episode to...

EP 095: Lifestyle Creep: What It Is and How to Avoid It

EP 095: Lifestyle Creep: What It Is and How to Avoid It Say hello to lifestyle creep. Lifestyle creep, also known as lifestyle inflation, can sneak up on you and prevent you from building a strong financial foundation. In the latest...

EP 094: How to Navigate Finances During a Life Transition

EP 094: How to Navigate Finances During a Life Transition Throughout our lives, we all experience transitions— ones that have the ability to impact us financially. Whether it be a divorce, birth of a child, retirement, loss of a...

Your Guide to Medicare Enrollment

Your Guide to Medicare Enrollment In this bonus episode, Nick Hopwood and Jim Pilat of Peak Wealth Management hosted a webinar in partnership with Brian Vincent of C.L. Finlan Insurance to talk about Medicare Enrollment. In our webinar...

10 Life Events That Should Have You Revisit Your Will

10 Life Events That Should Have You Revisit Your Will Generally speaking, any significant change in your assets, marital status, or family relationship qualifies as a good reason to reevaluate your will. Common life events that alter...

EP 093: Socially Responsible Investing

EP 093: Socially Responsible Investing In this new episode, Nick Hopwood and Jim Pilat of Peak Wealth Management highlight socially responsible investing — or ESG (Environmental, Social and Governance) referring to a class of...

8 Ways to Save Money for Christmas

8 Ways to Save Money for Christmas The sooner you start saving for Christmas, the better. Too many people wait until December to buy gifts with no money saved up. This can often lead to people turning to credit cards in a panic and end...

EP 092: Retirement Illiteracy

EP 092: Retirement Illiteracy In this episode of the Retire With Confidence Podcast, Nick Hopwood and Jim Pilat of Peak Wealth Management talk about a recent article featured in the Barron's finance publication — where they...

CFP vs CFA: What's the Difference?

CFP vs CFA: What's the Difference? When it comes to choosing a financial advisor, there are two of the most common that are also frequently confused: CFP, which stands for Certified Financial Planner, and CFA, Chartered Financial...

EP 091: Buyout Offer: Do the Math

EP 091: Buyout Offer: Do the Math In this new episode of the Retire With Confidence Podcast, Nick Hopwood, CFP® and Jim Pilat, AIF® talk about employee buyouts and pension lump sums. They also chat about the announcement of...

EP 090: Mortgages: It's the Payoff, Not the Payment

In this new episode of the Retire With Confidence Podcast, Nick Hopwood and Jim Pilat of Peak Wealth Management talk about home mortgages — Comparing 15 to 30 year mortgage options and how refinancing can impact your debt payoff.

EP 089: How Many Banks Do You Really Need?

EP 089: How Many Banks Do You Really Need? In this new episode of the Retire With Confidence Podcast, Nick Hopwood and Jim Pilat dive in on a commonly asked question from clients: How many banks do I need? Listen to our podcast or...

10 Financial Tips for Fourth Quarter

10 Financial Tips for Fourth Quarter Fourth quarter is here, and that means there’s no better time to evaluate where you are versus where you want to be financially come the end of the year. Here are 10 financial tips for fourth...

EP 088: If I Had A Million Dollars...

EP 088: If I Had A Million Dollars... In this episode of the Retire With Confidence Podcast, Nick Hopwood and Jim Pilat dive in on a scene from the 90's hit, Office Space, where they talk about what they would do if they had one...

EP 087: Rethinking Retirement

EP 087: Rethinking Retirement In this new episode of the Retire With Confidence Podcast, Nick Hopwood and Jim Pilat of Peak Wealth Management talk about the concept of plan B. You'll learn more about what you need for the retirement of...

10 Ways to Gift College to Your Grandchild

10 Ways to Gift College to Your Grandchild Many grandparents want to leave an educational legacy by helping fund a grandchild’s college education. Grandparents recognize the value of education, and want to see their children...

EP 086: Our Peak Investment Management Process

EP 086: Our Peak Investment Management Process In this episode, you'll hear Nick Hopwood and Jim Pilat talk about Peak's 3 step investment process — and how the team works together to guide you to build a strong financial...

EP 085: Where Does Our Market Currently Stand?

EP 085: Where Does Our Market Currently Stand? In this episode, Nick Hopwood and Jim Pilat of Peak Wealth Management talk about the current state of our financial market. Peak Wealth Management is a financial planning and wealth...

Personal Finance: Your Fall Financial Checklist

Personal Finance: Your Fall Financial Checklist Remember those financial goals you set way back in January? With the holidays and the end of the year approaching, fall is a great time to revisit your goals and set straight any that may...

EP 084: U.S. Presidential Election Various Outcomes & Market Results

EP 084: U.S. Presidential Election Various Outcomes & Market Results If you are anxious about what's next when it comes to your finances during an election year, check out our latest podcast episode featuring Nick Hopwood & Jim Pilat....

EP 083: Catching Up With Peak Wealth

EP 083: Catching Up With Peak Wealth In this new episode, Nick Hopwood and Jim Pilat return to the podcast by catching you up with everything that's been going on — both in and outside of the office since spring. Listen to our...

9 Money Mistakes to Avoid in Your 40s

9 Money Mistakes to Avoid in Your 40s If you're in your 40s, you're in an interesting financial spot because you likely already have a career and a home, and you may even have a solid plan for retirement. Although it may seem like a...

What to Discuss With Your Parents About Their Estate

What to Discuss With Your Parents About Their Estate There’s truly no time like the present to start having estate planning conversations with your parents. After someone is gone, unless they’ve tucked all their plans away...

How to Create a Retirement Budget

How to Create a Retirement Budget For many retirees, the fear of running out of money is a major worry. People don’t know how to stretch their Social Security Benefit to pay all their bills, and they’re uncertain about how...

4 Things You Need To Do Before Retirement

4 Things You Need To Do Before Retirement Financial planners often connect with potential clients who are seeking their services too close to retirement. Many will say "I wish I had talked to you 20 or 25 years ago." A visit to a...

5 Steps to Setting Financial Goals

5 Steps to Setting Financial Goals As Zig Ziglar, a motivational speaker, once said: "If you aim at nothing, you will hit it every time." Here's the thing: If you don't put a plan behind your finances, it will be incredibly difficult...

10 Things You Should Know About Your Parents' Finances

10 Things You Should Know About Your Parents' Finances Becoming a caregiver for aging parents can bring unexpected responsibilities, such as managing their finances. These helpful tips can help with senior financial planning, and help...

Retirement Secrets to Improve Wealth and Happiness

Preparing for retirement is an extremely important task, but one that doesn’t receive nearly the attention it deserves. To set yourself up for a happy retirement, you’ll want to do more than figure out how to just...

Questions to Regularly Ask Your Financial Planner

Questions to Regularly Ask Your Financial Planner Maybe you have a financial planner you enjoy working with—that’s great! But even so, it’s important to meet regularly to talk about how your investments are performing...

How to Avoid Mistakes With Retirement Planning

Retirement planning is one of the most important financial goals you’ll undertake – and the stakes couldn’t be higher. Do it right and your golden years can be filled with independence, comfort, and freedom....

3 Steps to Taking Control of Your Finances

3 Steps to Taking Control of Your Finances What does being in control of your finances mean? It’s a combination of understanding where you stand financially, spending less than you earn and having confidence in your ability to...

7 Summer Savings Tips

7 Summer Savings Tips The warmer months offer many opportunities to cut costs and boost savings. You can potentially save hundreds of dollars a month by taking advantage of seasonal opportunities and reorganizing your daily routine....

7 Tips to Stretch Your Stimulus Check and Save Money After Quarantine

7 Tips to Stretch Your Stimulus Check and Save Money After Quarantine The coronavirus pandemic has affected us all in different ways, and lost income is one of the most difficult to deal with. Quarantine meant more ways to save money...

3 Concerns About Your 403(b)

After working with educators on their 403(b)'s for

How to Eat Healthy on a Budget

How to Eat Healthy on a Budget We hear it all the time: "Eating healthy on a budget is impossible!" And the truth is—no, it's not. There are plenty of ways you can stick to eating healthy on a budget. Here are some tips to get...

5 Ways to be a More Mindful Spender

5 Ways to be a More Mindful Spender Sometimes spending less money is all about becoming more aware of how cash leaves your wallet every day. Whether it’s going toward indulgences like restaurant dinners out or necessities like...

Who is Eligible for a Health Savings Account?

Who is Eligible for a Health Savings Account? Do you know what an ambulance, reading glasses, and a thermometer all have in common? They are all qualified medical expenses (QMEs) through a health savings account (HSA). That’s...

3 Key Ways to Improve Your Financial Health

3 Key Ways to Improve Your Financial Health Less than one in three Americans are considered "financially healthy" according to the Financial Health Network, who conducted a study late last year—when the economy was still booming...

4 Essential Tips for Working From Home

4 Essential Tips for Working From Home As of mid April 2020, about 95% of Americans—or 306 million people—were placed under a stay-at-home order to stop the spread of the coronavirus. All across the world, political and...

Build Better Money Habits With These 4 Simple Steps

Build Better Money Habits With These 4 Simple Steps While you may have ambitious money goals, the key to reaching them is building a collection of smaller everyday habits. Here are some habits you can begin implementing into your life...