Pashman Financial LLC

I help sales reps and equity compensated employees to make sure they don't spend their entire commission check in the Bahamas. Putting tailored plans together to put a purpose behind their paychecks. You worked hard for your commission check. Now make it work as hard as you did to earn it.

Made the shift from fee-based to fee-only in an effort to better serve clients.

Financial Planner (Fee Only)

One Wealth Management Financial & Insurance Services

•Examining client's expenses, income, insurance coverage, financial objectives, tax status, risk tolerance, or other information needed to develop a financial plan.
•Answering client questions about financial plans and strategies and giving financial advice.
•Advising strategies for clients in investment planning, insurance coverage, cash management and other areas to help them reach financial objectives.
•Reviewing client accounts and plans on a regular basis to understand if life or economic changes, situational concerns, or financial performance necessitate changes in their plan.
•Analyzing financial data received from clients to develop strategies for meeting clients' financial goals.
•Preparing or interpreting financial document summaries, investment performance reports and income projections for clients.
•Implementing financial plans or referring clients to professionals who can help them.
•Managing and updating client portfolios.

Financial Advisor

Northwestern Mutual

General Support:
– Transcribing and/or processing dictation , processing correspondence, maintaining client case files, and filing performance reports, account forms, and other advisory paperwork
– Maintaining annual review notes and mailing annual review letters to clients;
– Monitoring and stocking marketing materials for Signature advisory programs
– Monitoring industry trends and research
Proposal and Case Preparation:
– Prospecting on behalf of the employing WMA for new clients
– Preparing and modifying PPA/PNA’s and investment/advisory proposals
– Preparing investment policy statement, needs-based analysis, or financial plan
– Recommending fund portfolio options.
Processing Accounts:
– Preparing and processing all paperwork needed for investment/advisory accounts;
– Monitoring, processing, and following up on asset transfers and on initial and subsequent funding of advisory accounts;
– Implementing initial and subsequent asset allocation trades
– Identifying need for switch letter and mailing appropriate forms to clients; discussing potential rollover opportunities from other retirement plans for variable and mutual funds
– Monitoring holdings for program eligibility and administering advisory accounts.
Advisory Client Meetings:
– Meeting with advisory clients for fact finding and conducting existing advisory client reviews
– Completing risk tolerance (personal profile) questionnaire with client
– Participating in client meetings for financial or investment plan development or presentation
Client Service:
– Corresponding with clients to handle advisory-related service issues
– Contacting clients on behalf of the Wealth Management Advisor for the purpose of developing advisory plan
– Formulating advisory product solutions to/for a client or explaining advisory products or advisory performance
– Accepting redemptions/withdrawals from clients and communicating instructions to home office;
– Discussing tax consequences, costs, and advisory fees

Associate Financial Advisor

Investor Relations Partners

-Investor relations and financial communications created to assist clients address valuation. 
-Development of earnings communications, press releases, corporate presentations, financial strategies, professional profiles, fact sheets, annual/quarterly shareholder reports, investor targeting , perception studies, investor conferences, and media relations.
-Always cooperating and involved with assistance during unexpected shocks/crises with management and provides next-step strategic approaches.
-Contacts top publications nationwide to arrange interview with client in order to increase exposure and market valuation on Wall Street

Investor Relations Representative

Julep Bar

-Provide appropriate music for a specific nightlife audience
-Promotion and organization of events through social media
-Responsible for lighting configuration, sound check, and preparing equipment for the venue
-Assistance with booking artists and popular figures

Event Planning Assistant

Cedars-Sinai

- Responsible for transferring and organizing 20 years worth of cases
- Lead research, planning and development of comprehensive digital programs
- Work with a social media team to develop and manage ongoing media marketing plans for  campaign
- Participated in research through Spinal Journal
- Proficient with syndicated research and social media monitoring tools with ability to use these tools to inform ad and campaign design.

Assistant

Financial planning and education (without the jargon) I Creating blueprints for high-earning sales executives and business owners

I left the financial industry because I saw a problem.

People wanted to work with a planner, but they ended up becoming a number on a spreadsheet.

I had to leave to start something new.

And now?

I'm a fee-only planner who helps salespeople & equity compensated employees under 45 give a purpose to their paycheck.

I left the large financial institutions to start my own independent company. I did it so people could pay for real planning and not just an agenda to sell a hidden product. 

As a true fiduciary, Pashman Financial, LLC was built on that promise by focusing on you and you only.

🔵 Why people hire me? 

Well, people have come to me with the following problems:

- They want peace of mind with their money
- Their old advisor barely communicates with them
- They want an answer tailored to them, not from Google
- They felt pressured to buy a product that wasn't a right fit
- They are great at making money but struggle to keep it
- They want a simple plan that's easy to understand
- They want someone to hold them accountable
- They want someone they can trust

🔵 What are my services?

I help identify your goals, craft a financial blueprint that lays out action items to hit them, and monitor your progress. 

💵 Cash Flow Management  
📈 Equity Compensation
🏡 Real Estate Planning
📊 Investment Planning
📍 Retirement Planning
🛡 Insurance Planning
📚 Education Planning
💲 Tax Management
💳 Debt Repayment
📃 Estate Planning

🔵 Who do I serve?

Age: Individuals and families between 30-50 years old
Target: Sales pros, tech employees, other millennial families
Location: Virtually anywhere in the U.S.

But I love working with people that are driven to make a change. So even if you don’t fit these criteria, feel free to reach out. Your personality is everything. 

🔵 Why I'm different?

1) My model is primarily a monthly subscription service. No time trap. 

2) I do not require you to hand over your investments nor require a minimum to work with. Managing your assets is optional and I'll still assist you if you do it yourself. My focus is ongoing financial planning. 

3) I focus on how to increase your cash flow, not just your assets. I work with you to ensure your systems are set and consistently educate you on how your finances work. I get paid to truly keep you accountable over time.

You can find my pricing in my "featured" section on the website. 

Stop delaying action. Shoot me a message to schedule a complimentary intro.

Probably the most underrated perk of LinkedIn is the lack of anonymous accounts on here. 

Everyone is willing to attach what they say on here to their real life profile. 

Might be cringe at times, but it’s the reason it’s the least toxic platform by far.

Max Pashman, CFP®

Providing tech executives and entrepreneurs peace of mind with a tailored financial blueprint I Founder of Pashman Financial, LLC

Most parents have no idea how much this is hurting them.

What's this account in question?

The UGMA / UTMA.

They are custodial accounts designed to build wealth for kids.

The point is to provide something for them when they come of age.

At first, it sounds great.

Until you get to the details:

- Contributions are irrevocable
- Hurts against FAFSA as a "child's asset" (the worst)
- Must be released at age 18-21 (were you ready at this age?)

In the end, it's very restrictive.

They can serve as a vehicle to teach kids education.

However, there are other ways to do this too.

So what are the alternatives here?

Let's dive into them.


1) 529

This is the go-to for education.

If used for qualified education expenses, the earnings inside will be distributed tax-free.

In addition, some states allow a tax deduction upfront.

Some other features include:

- A contribution limit of $18,000 annually (2024)
- You can front-load 5x of those contributions
- This can be transferred to another beneficiary (must be a qualified relative)

But there is one feature that should be noted:

As of 2024, funds from a 529 can be rolled into a Roth, though they come with strict rules.

Due to the restrictions, the fund in a 529 should be used soley for qualified education expenses. 


2) Custodial Roth 

This would be the account you'd roll those 529 funds into if not for college.

This account has a tax-free benefit, so it provides parents a way to help their kids build their nest egg for retirement.

Since this is a retirement account, these do not count against financial aid.

However, the funds must not be withdrawn for college to do so stay that way.

As a result, it's vital to use them outside college purposes.

In addition, as an IRA, earned income is required to contribute.

This means the child must earn income to contribute.

For example, if you want to max it out at $7,000, the child must earn $7,000.

Note: Earned income from the child will hurt against FAFSA

However, for more flexibility, the third option can fulfill this need.


3) A Taxable Brokerage (Under Your Name)

If you're looking for more choices, a brokerage account. 

But why under your name?

Parents' assets hurt the least when qualifying for FAFSA.

In addition, a standard investment account includes:

- No income limits
- No contribution limits
- No early penalty for early withdrawal 
- Discretion when to take the funds out

As such, this gives parents more control over the funds.


Once the goal is around the corner?

Parents can liquidate the funds to pay for expenses.

Alternatively, they can gift the funds without selling off and realizing any taxes.

Post: “LinkedIn is an echo chamber”

Comment 1: Agree
Comment 2: Totally!
Comment 3: Wow! Great post!
Comment 4: It is. We have to disagree!
Comment 5: Not enough people disagreeing!

The joke writes itself sometimes.

Giving tech executives and entrepreneurs a purpose for their wealth I Founder of Pashman Financial, LLC

One day your $100k could drop to $80k.  
One day your $200k could drop to $160k.  
One day your $400k could drop to $320k.  
One day your $800k could drop to $640k.  
One day your $1.6 million could drop to $1.28 million.  
  
Can't expect building the first million to be a smooth ride.  
  
Compounding interest might be the eighth wonder of the world.   
  
But the biggest secret nobody talks about?  
  
It's rarely a linear ride.   
  
Embrace the roller coaster of volatility.   
  
And enjoy the journey.

School failed to teach you about taxes.

Here are 8 fun visuals they should have taught:

- Tax planning and what that covers
- What margin rates are actually
- How self-employment works
- What are effective rates
- How capital gains work
- How tax location works
- How write-offs work
- Pre-tax vs Post-tax

What's a concept you wish you knew when you were younger?

Maximize your financial potential with a financial blueprint I Founder at Pashman Financial, LLC

8 Visuals That Simplify Taxes

People spend roughly $200 a plate for a Thanksgiving dinner. If they took that $100 and invested it in the market over 30 years you would have made nah I’m just kidding have a great Thanksgiving everyone!

I got half a million views on a video with zero meetings.

I got 5,000 views on a PDF that booked 3 meetings. 

Impressions are cool and all. 

But results are just even cooler.

You're trying so hard to game the algo that you forget you are actually writing to someone you want to specifically serve. 

Break the norm on here and stick to the basics:

-> Write for your audience

Not the algo g*ds.

Stop letting the financial industry throw jargon at you. 

Here is how your financial roadmap works:

- Where does your money start?
- Where does it trickle down?
- Where is it reallocated?
- Where does it impact?

It's all a question of how your financial roadmap works.

How are you building yours?

The Roadmap of Your Finances

If your advisor is managing your investments but is not:

- Contacting you more than once a year
- Keeping you accountable to your tasks
- Continuing to educate you along the way
- Analyzing the other investments they don't manage
- Providing an analysis of how to utilize your equity comp
- Explaining finances in a way you can understand
- Providing a visual picture of your goal's progress
- Conducting tax planning throughout the year
- Tracking your targetted budget/expenses
- Reminding you of important deadlines
- Reviewing your returns and paystubs
- Communicating with you frequently
- Delivering a financial plan annually
- Addressing what their fees cover
- Actively tracking your net worth
- Reviewing your estate docs
- Giving you peace of mind

It's time to get a new advisor.

Giving sales executives and entrepreneurs a purpose for their wealth I Founder of Pashman Financial, LLC

10 visuals that will enhance your long term mindset

(That you can learn in seconds)

Long-term isn't just a time horizon. 

It's a point of view that you need in your journey.

Whether that journey is:

- Your career
- Your business
- Your investments
- Your family
- Your value

You need the right mentality to get the right results. 

Too often, you're putting yourself down along the way. 

The truth is that those drops are really just part of the process. 

It takes more than just reaching the destination. 

It's what to do while you wait to get there. 

That is where success is made. 

Start with the long-term vision. 

Your future self will thank you.

10 Visuals That Will Improve Your Long Term Mindset

If you have $1 million in assets and $1 million in liabilities, you have $0 in net worth.  
 
If you have $1 in assets and $0 in liabilities, you have $1 in net worth.  
 
That means on paper someone with $1 can have a higher net worth than someone with $1 million.  
 
There's more behind the scenes than just your net worth.  
 
It's not about how much you own.  
 
It's about how you own.

No one cares about your money more than you. 

Anyone who says they do is lying to you. 

And why should we?

It's the same way no one will care:

- About your family more than you
- About your health more than you
- About your mindset more than you
- About your fitness more than you
- About your estate more than you 
- About your taxes more than you

But that means you have to take responsibility for it. 

Will you properly handle these all by yourself? 

You'll gladly hire:

- A personal trainer
- A mindset coach
- An accountant
- A nutritionist
- An attorney
- A doctor

Not because they care about it more than you. 

But because they are experts in the field you care about. 

Financial advisors are no different in this regard. 

We will not care about your money more than you.

But we are ready to help when you need it. 

Let's start before it's too late.

Them: The 401(k) is a scam!

Me: Why?

Them: It's locked until you are 60!

Me: You can get it out early with strategies like 72(t), Rule of 55, Roth Conversion Ladder, and many other reasons.

Them: Well it has high fees!

Me: New 401(k) providers offer low-cost plans + low-cost funds and you can roll it out later if you really don't like it when you leave.

Them: Well it has limitations!

Me: Yeah but you're talking about $23,000 (2024) for a year, not including the match you get.

Them: Well, the match has a vesting period!

Me: So does equity. It's an incentive and still FREE money in the end.

Them: Well, it was created to supplement your retirement, not fully fund it.

Me: I agree. That's why you don't put all your wealth into a single vehicle and ulitilize multiple to your advantage.

Them: Yeah well it's taxed as income at retirement!

Me: Yeah, that's precisely why you get a deduction upfront, and your funds grow tax-deferred, which helps retain wealth over time.

Them: Yeah well.... it still sucks!

Not as much as the excuses made against the 401(k).

It ain't all that bad as people make it to be.

No one claims it will solve all your problems.

But it's not a scam.

A 401(k) is more than OK!

6 Visuals That Simplify How a 401(k) Works (1)

Don't go into a food coma with your money. 
 
Here's what most miss about finances: 
 
It's not about the fancy stuff. 
 
Investing is awesome. 
So are the investments. 
And so are the vehicles. 
 
But individually, they mean nothing. 
 
The combination of them does. 
 
Things that should be considered: 
 
- Why you have them? 
- How do they work with one another? 
- What role they play with your goals? 
- Where does you money work?] 
- When do you need it? 
 
By having the right plan, you can put a purpose to your paycheck. 
 
You wouldn't wing a Thanksgiving dinner. 
 
Neither should you with your finances.

Motivation is overrated. 

If you rely on it, it will turn its back on you. 

If you did, when you have bad days, motivation will be less there. 

This means you'll probably:

- Work less
- Not push yourself
- Want to shut off the whole day
- Find ways to avoid more of the hard

It's no different with your investing strategy:

If investing is based on motivation, you'll only do it when markets go well. 

But we all know that's not the case over the long run. 

There will be many times when markets go bad. 

Which means, when they do:

- You won't invest
- You'll give up on your goals
- You will want to simply jump ship
- You won't give your investments time to grow

So when motivation is not there?

Make sure you get the work done with discipline. 

Because with that, action is done:

- Staying invested
- Continuing to contribute
- Sticking to the long-term route
- Being optimistic despite the bad

And while you can apply this to your personal life. 

Want to know a cool part of doing this with money?

You can automate this discipline. 

You'll have bad days coming up. 

But at least the action is done. 

Without you lifting a finger. 

Now that's a life hack.

The best action is when you aren't doing anything. 

Here's what I mean:

Yeah, it's great taking lots of action. 

But you know what's even better?

When it's done on your behalf.

Ladies and gentlemen, meet your free financial assistant:

Automation.

The more you automate your strategy, the more hesitation is taken off your plate.

People don't like a 401(k) cause it locks your money for a while
→ But it forces you to set aside your funds

People don't like being stuck to a 30-year mortgage
→ But it forces you to make your payment 

People don't like having to reinvest their earnings
→ But it forces you to stick to a long time horizon

People don't like paying a whole paycheck to CC debt
→ But it forces you to pay down interest

There is quite nothing like a system that does the work for you. 

It prevents you from making those human errors. 

So hire your own financial assistant. 

Automate your future!

Want to make a difference and get a tax break from it?

Here's a great vehicle you can use (with tax benefits)

It's called a Donor Advised Fund (DAF). 

It's pretty simple how it works. 

- You put money inside it
- The financial institution will donate it to a public charity
- You support meaningful causes and could receive immediate tax benefits

So what are the tax perks?

Since it's for public charitable organizations, it can be provided in two ways.

Cash Donations
→ Deduct up to 60% of your AGI
→ Typically provides the highest tax deduction

Stock Donations
→ Deduct the fair market value (FMV) up to 30% of your AGI
→ Avoid capital gains taxes, doubling your tax benefits

However, the immediate deductions will only work if you itemize your tax deductions. 

Which means you deduct more than the standard deduction.

This usually happens when you have a lot of:

- Charitable contributions
- High real estate interest
- High medical expenses
- Etc. 

But the clock is ticking. 

Don't get me wrong, we donate for bigger reasons than taxes. 

But since you're already doing it, you might as well strategize around it 

You have less than 2 months to make the most of 2024.

It's still a good time to get your tax planning in place.

So let's put your good deeds to work. 

Shoot me a DM to get started.

As business owners, you need to know your worth. 

And this is why I have a new announcement.

I'm raising prices in 2025. 

About 50% to be exact.

The business is growing. 

And my time serving people continues to increase. 

And I'm taking this to the next level with planning. 

I know I'm hard-selling a bit in this post. 

But I honestly rarely do it on here. 

With it, we are bringing more to the firm in 2025.

-> Better plans
-> Better systems
-> Better education
-> Better delivery
-> Better service

There's a point in time where you need to ask yourself as a business owner:

- What is your time worth
- How can you make the most of your time
- Are you serving your people the best you can
- What are you doing to make the above happen

And for me, this was a business decision I didn't take likely. 

But this is starting for new clients in 2025. 

Anyone who books a time until December 31st will be locked in this year's rates.

But I only have a few left I can take on at this rate before changing.

The next 3 signed contracts will be locked in at those rates. 

Snag a time with the link in the comments. 

Cheers 🍻

P.S. Thank you for letting me hard sell in this post. Your support means a lot to this solo business owner and will resume educational content tomorrow!

Dang, the Coachella line up just dropped. 

Now, the big question here.

Who are you excited to see the most?!

Make too much income for a Roth IRA? 
 
Here's how to get around it (legally) 
 
First, what's the problem? 
 
The Roth IRA is a great vehicle for tax-free growth. 
 
But there are income limitations. 
 
For 2024, those limitations are as follows: 
 
$146,000 for single filers 
$230,000 for married filing jointly 
$0 married filing separately
 
Make above these amounts? 
 
They get phased out or entirely ineligible. 
 
So what to do? 
 
Instead, you could contribute to the Traditional IRA. 
 
But are you contributing to a 401k? 
 
Those deductions might also phase out! 
 
This seems like a lose-lose scenario. 
 
But it opens for an opportunity. 
 
The good news is that you can use the IRA to fund a Roth IRA. 
 
This is known as a Backdoor Roth IRA. 
 
Here's what you could do: 

FIRST: Move all existing IRA money into an employer plan like a 401k. 
 
1) Open a Traditional IRA & Roth IRA 
2) Fund the Traditional IRA 
3) Do NOT invest the funds 
4) Wait 2-3 days until funds have settled 
5) Initiate a Roth Conversion into the New Roth IRA 
6) Elect not to withhold taxes 
7) Invest in the Roth IRA 
8) File Form 8606 to show non-deduction in Traditional IRA 
 
This process is why having a Roth 401k is pretty handy: you can make any contribution with no income limitations. 

Remember, this is purely educational and is shown here for simplicity.
 
This is not financial or tax advice, so please consult with a financial and tax professional first.
 
But the door is open for tax-free money!

You've gotta find the right key.

Taplio

Max Pashman, CFP®'s Linkedin Analytics

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