Check Your Balances
182 episodes - English - Latest episode: 7 days ago - ★★★★★ - 49 ratingsCheck Your Balances explores the world of personal finance, investing, and business through the lens of two financial planners that help people navigate some of life's most impactful financial decisions.
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Episodes
July Mailbag | Recasting, RMDs, and More!
July 10, 2024 04:00 - 34 minutes - 23.8 MBThis week Ross and Dan dive into the mailbag to find what books they missed, whether recasting a mortgage is worth it (debate style) and how to calculate an RMD. Want your question on the show? Email us at [email protected]! Find this episode on YouTube Or find us on Instagram @checkyourbalances
Beach Reads: Summer Reading List
July 03, 2024 04:00 - 28 minutes - 19.7 MBWhat has been on the recent reading list for Ross and Dan, and should you considering adding it to your beach reads? We'll give you our take so you can decide if you should give it your time. Send your questions for Check Your Balances to [email protected] to be featured on the show! This episode is on YouTube We're also on Instagram: @checkyourbalances
Bobby Bonilla Day
June 26, 2024 04:00 - 27 minutes - 18.8 MBThis week Ross and Dan dive into a deal that Bobby Bonilla made in 1999 that will continue to pay him a reported $1.19 million per year until 2035. Why would the Mets make that deal, and who was the big winner? Tune in to find out! Send questions to the show at [email protected]. Find this episode on YouTube We're @checkyourbalances on Instagram
Cranky Advisors: A Rant Episode
June 19, 2024 04:00 - 22 minutes - 15.7 MBThis week Ross and Dan unleash the fury on unnecessary products being sold to people that simply don't need them. Tune in to make sure you think about the right considerations when an annuity salesman turns their sights on you. Send questions for the show to [email protected] to have them featured on upcoming episodes! This episode is on YouTube We're also on Instagram
June Mailbag: Inherited IRAs, Trusts, and Part-time Planning
June 12, 2024 04:00 - 26 minutes - 18 MBThis week Ross and Dan tackle listener questions about how Inherited IRAs are taxed, who needs a trust and why, as well as whether financial planning could be a part time venture. All that, and Dan's pool getting opened in this week's mailbag! Sned your questions [email protected] to be featured on an upcoming episode! This episode is on YouTube Find us on Instagram
Reckless Predictions
June 05, 2024 04:00 - 35 minutes - 24.4 MBRanging from where the market goes from here to radical Bitcoinization of the monetary system, this week's show is dedicated to Ross and Dan weighing in on a series of reckless predictions. Check this episode out on YouTube Follow us on Instagram @checkyourbalances Or email us at [email protected] to have your questions or topics featured on the show!
Mo' Valuation with Brian Feroldi
May 29, 2024 04:00 - 35 minutes - 24.8 MBThis week we welcome financial content creator and author, Brian Feroldi, back to the show. Learn why the P/E ratio is a sloppy metric at face value. What metrics should you use depending on what stage of life a business is in? Tune in to find out. Send your questions for the show to [email protected] to be featured on upcoming episodes! Find this episode on YouTube We're also on Instagram
May Mailbag: Credit, Share Count, and Rollovers
May 22, 2024 04:00 - 30 minutes - 21.1 MBCould being an authorized user on a business credit card really affect your credit, even if you're not on the hook for the debt? This week Ross and Dan dive into the mailbag to give genuine reactions and advice to listener questions. Send your questions to [email protected] to be featured on an upcoming episode! Find this episode on YouTube We're also on Instagram
Paycheck to Paycheck
May 15, 2024 04:00 - 27 minutes - 19 MBThis week Ross and Dan explore a common term that is being used increasingly liberally. What does "Paycheck to Paycheck" really mean, and are American's really in as much trouble as a Forbe's article suggests? Send your questions for the show to [email protected]! Check this episode out on YouTube Find us and send your questions on Instagram
Public Access to Private Companies
May 08, 2024 04:00 - 27 minutes - 18.8 MBThis week, Ross and Dan discuss a (frothy) way that you can access a private company through a public market investment. Whether you should or not is totally up to you. There is also some additional can kicking on IRS guidance around RMDs. Send your questions for the show to [email protected] to be featured on upcoming shows! Check this episode out on YouTube Find us at @checkyourbalances on Instagram!
Finance 101
May 01, 2024 04:00 - 35 minutes - 24.4 MBCheck Your Balances typically tries to be a "200 level class," but we often get asked for how to present these topics to novice investors. We do our best to get the content we love into its simplest form without getting too lost in the weeds. Email your questions for the show to [email protected] to be featured on an upcoming mailbag episode! Find this episode on YouTube We're in Instagram!
Valuation with Ryan Hutchins
April 24, 2024 04:00 - 41 minutes - 28.9 MBThis week, Ryan Hutchins, from Peak Business Valuation joins the show to talk about valuing companies of all types, private and public. Join us as we talk about what small business opportunities might present the juiciest opportunities to be an owner. Send your questions for the show to [email protected] to be featured on an upcoming mailbag episode! Find us on Instagram! This episode is also on YouTube!
Broker Bonuses
April 17, 2024 04:00 - 24 minutes - 16.6 MBIf commissions are all free, why wouldn't you take every bonus offer a broker sends your way? And if trading is free, how are the brokers still making money? All that and more on this week's episode. Send your questions for the show to [email protected] to be featured on an upcoming mailbag episode! Find this episode on YouTube Follow us on Instagram
Do you feel rich?
April 10, 2024 04:00 - 28 minutes - 19.3 MBThis week Ross and Dan ponder whether clients at any level actually feel rich? With a second helping of our typical tax season complaining about business owner problems. Send your questions to [email protected] to be featured on an upcoming mailbag episode! Show us some love on Instagram @checkyourbalances Find this episode on YouTube
Real Estate Update with Adrienne Messeca
April 03, 2024 04:00 - 30 minutes - 21.1 MBThis week, The Realtress, Adrienne Messeca joins us to talk about the big news in real estate. From lawsuits to how much you'll pay your agent while buying, there is a lot changing right now. Tune in for our update this week, and check out her blog: https://adriennemesseca.substack.com/ Email your questions for the show to [email protected] to be featured on upcoming episodes! Check this episode out on YouTube Find us on Instagram
March Mailbag: Covered Calls, Trust v Beneficiary, and Roth Eligibility
March 27, 2024 04:00 - 36 minutes - 24.9 MBThis week we dive into the mailbag to hear what you, our listeners, are interested in learning more about. This week we try to tackle covered calls (despite them being super hard in an audio format), whether you need to actually retitle accounts into trusts, and whether your 401(k) contributions affect your Roth eligibility. Email us at [email protected] to be featured on an upcoming show! Find this episode on YouTube We're also on Instagram
Financial Shame
March 20, 2024 04:00 - 25 minutes - 17.3 MBThis week Ross and Dan explore the observance of people who feel shame about their finances. From those in relatively great situations to those in very challenging situations, the best path forward is simply to start today in tackling it. Send your questions for the upcoming mailbag episode to [email protected] to be featured! Find this episode on YouTube Follow us on Instagram
Is that legal?
March 13, 2024 04:00 - 24 minutes - 16.6 MBThis week Ross and Dan explore concepts that seemingly should be illegal, but fascinatingly aren't. From regulators trading stocks in companies they influence to credit monitors selling ways to improve your score. Email us your financial planing questions to [email protected] to be featured on upcoming episodes! Find this episode on YouTube We're also on Instagram.
The Lindy Effect
March 06, 2024 05:00 - 24 minutes - 16.9 MBThis week Ross and Dan unpack how The Lindy Effect could be considered as part of your investing journey. Check out the Market Sentiment post that inspired the show for a great study on how investing in the old guard might be your best bet. Email your questions or ideas to [email protected]. Check out this week's show on YouTube. Follow us on Instagram.
Just Add Leverage?
February 28, 2024 05:00 - 25 minutes - 17.7 MBIs leverage the wealth building tool that you've been missing this whole time? An article from The Economist sparks an old idea. Why can we use long-term fixed leverage to buy a house but not a portfolio? Email your questions for Ross and Dan to [email protected] to be featured on upcoming shows! Check this episode out on YouTube Follow us on Instagram
February Mailbag: Cash Balance Plans, I-Bonds, and 529 Plans
February 21, 2024 05:00 - 26 minutes - 18.5 MBThis week Ross and Dan dive into the listener mailbag and come up with questions around Cash Balance Plans, the tax benefits of I-Bonds and 529 funding strategies. To have your questions featured, email [email protected]! Check this episode out on YouTube. Follow us on Instagram!
How Many Bank Accounts?
February 14, 2024 05:00 - 24 minutes - 17 MBThis week we share our system for how many savings accounts to use so that you can accurately track your savings and spending guilt-free at the same time. If you've had trouble keeping your savings organized, this episode is for you! Check this episode out on YouTube Email us your questions to be featured on upcoming episodes to [email protected] Follow us on Instagram
Magically Change the Tax Code
February 07, 2024 05:00 - 25 minutes - 17.5 MBIf you gave us a magic wand and let us change the tax code, what would we do to it? Hear our take as well as the advice from several tax experts on this week's show! Check this episode out on YouTube Email us your questions at [email protected] to be featured Follow us on Instagram
Billionaire Ideas: Should you ever own a bond?
January 31, 2024 05:00 - 21 minutes - 14.8 MBLongtime listener and cute dog owner, Tyler, sends us a clip of Ron Baron talking about bonds. Does this billionaire's advice apply to your life? Probably not, but we had fun discussing it anyway. Find this episode on YouTube Follow us on Instagram Email your questions to [email protected]
January Mailbag: Backdoor Roth, I-Bonds, and... dogs?
January 24, 2024 05:00 - 34 minutes - 23.6 MBThis week's mailbag episode features questions on backdoor Roth conversions gone wrong, how attractive are I-Bonds today, and how a dog photo will ensure your question makes it to our air! Thanks for sending in question to the show! To have your questions featured on an upcoming episode email us at [email protected]. Check this episode out on YouTube Find us on Instagram
An Interview with Adam Nash: CEO and Co-Founder of Daffy
January 17, 2024 05:00 - 33 minutes - 23 MBThis week Adam Nash joins the show to talk about his newest business, Daffy, which is broadening access to a Donor Advised Fund (DAF) platform. He's a Silicon Valley veteran and the former CEO of Wealthfront. His resume includes experience at Dropbox, LinkedIn, eBay, and many others... and he even teaches a personal finance class at Stanford. Email [email protected] to be featured on an upcoming mailbag episode! Check out this episode on YouTube Follow us on Instagram
An Interview with JL Collins
January 10, 2024 05:00 - 28 minutes - 20 MBThe author of A Simple Path to Wealth, JL Collins, is back with a new book called Pathfinders. JL Joins us this week to talk about his views on building wealth and investing in an easy to follow plan. Email your questions for the show to [email protected] to be featured on an upcoming mailbag episode! This episode is on YouTube Find us on Instagram
2023 In Review
January 03, 2024 05:00 - 29 minutes - 20.5 MBRoss and Dan Reveal Their Most Ridiculous (and Relatable) 2023 Purchases and how the markets did. We've all been there: splurging on something we definitely didn't need. Ross and Dan take you on a lighthearted journey through their own hilariously questionable spending habits of 2023. You'll laugh, you'll cringe, you'll realize you're not alone in your financial oddities. Email your questions for the show to [email protected] to have them featured on an upcoming mailbag. This e...
Moore vs United States with Taxgirl
December 27, 2023 05:00 - 27 minutes - 18.8 MBThis week, Kelly Phillips Erb (AKA Taxgirl), joins the show again to explain a meaningful tax case that is currently being argued in the Supreme Court. How could Moore vs. United States impact us in the future? Tune in to find out. Send your questions for the show to [email protected] to be featured on upcoming episodes! Check out this episode on YouTube. Follow us on Instagram.
Shark Tank
December 20, 2023 05:00 - 29 minutes - 20.6 MBWith the announcement that Mark Cuban is leaving Shark Tank, Ross and Dan reflect on the show's accomplishments and places where it can be misleading for entrepreneurs and investors. What's really a "flyer" when you have a reported $6.2 Billion net worth? Email your questions for upcoming episodes to [email protected] Check out this episode on YouTube Follow us on Instagram
December Mailbag: Securities Lending, Non-controlling Interest, and Gold!
December 13, 2023 05:00 - 25 minutes - 17.8 MBThis week Ross and Dan dip into the listener questions and talk about Securities Based Lending, Noncontrolling Interest on a balance sheet, and the role of gold in a portfolio. Send your questions for the show to [email protected] to be featured on upcoming episodes! This episode is on YouTube.
Remembering Charlie
December 06, 2023 05:00 - 21 minutes - 15.1 MBThis week Ross and Dan raise a glass in memory of investing legend Charlie Munger. From his thoughts on business incentives to simply winning by not being stupid... we owe Charlie a lot. Add your questions to the comments section on YouTube or email us at [email protected] to be featured on the show!
Living Abroad with Stewart Patton
November 29, 2023 05:00 - 37 minutes - 26 MBThis week, US Tax Attorney and Expat Entrepreneur, Stewart Patton joins the show to talk about some of the methods and pitfalls you should consider if you're planning to live or work outside of the United States. This is a complex topic area, so as always, we recommend consulting with a tax advisor personally. But we hope this episode gives you a few ideas on where to start your international living journey! Email your questions, topic ideas, and comments to [email protected] Vi...
Thanksgiving with Chris Hill
November 22, 2023 05:00 - 29 minutes - 20.6 MBThis week is the first repeat guest in show history! Chris Hill joins Ross & Dan for a lighthearted discussion about investing and the best dishes to bring to Thanksgiving dinner! Email [email protected] to send your questions to the show! Check out this episode on YouTube. Find us on Instagram.
The Cockroach Portfolio
November 15, 2023 05:00 - 28 minutes - 19.8 MBThis week, Ross and Dan react to a portfolio proposal called "The Cockroach Portfolio" from Market Sentiment. Should our goal be to just survive? Tune in this week to find out. Email your questions to [email protected]. Check out this video on YouTube. Follow on Instagram.
November Mailbag: Time Value of Money, Home Gains Exclusion, and More!
November 08, 2023 05:00 - 27 minutes - 19 MBBefore getting to your questions, Ross and Dan stop to see who can win the most money with a biased coin. Play the simulator for yourself here. Email questions for upcoming shows to [email protected] Check out this episode on YouTube Follow us on IG.
Spooky Season: But, Don't Worry!
November 01, 2023 04:00 - 30 minutes - 20.7 MBAs we celebrate the end of "Spooky Season," Ross and Dan pull back the curtain on a few transactions in finance that may seem scary, but really shouldn't be. Hopefully understanding how they work gives you more confidence the next time you have a scary transaction to handle. Email questions for an upcoming mailbag show to [email protected] Check out the show on YouTube! Slide into our DMs on Instagram
Billionaire Money Regrets: Magic Johnson
October 25, 2023 04:00 - 26 minutes - 18.3 MBMoney regrets aren't limited to mere mortals. Magic Johnson spoke recently about his regrets about what could have been if he had taken Nike's offer of stock in the company versus a higher cash offer from Converse. We break down his comments and offer our own thoughts. Email your questions and thoughts to [email protected] This week's show is on YouTube. Check us out on Instagram!
Did Michael Lewis Get Duped?
October 18, 2023 04:00 - 27 minutes - 18.9 MBFamed author, Michael Lewis, is taking a lot of heat for his portrayal of Sam Bankman-Fried in his new book, Going Infinite: The Rise and Fall of a New Tycoon. Dan's take on the book and a discussion of how much you need to be offered to switch banks on this week's show. Send questions to [email protected] Check out the show on YouTube Follow us on Instagram
Can you write off your dog?
October 11, 2023 04:00 - 21 minutes - 14.8 MBThis week Ross and Dan unpack how a charitable deduction really works to reduce your taxes as well as some other unique areas of the tax code that you might consider (only with the help of your CPA or tax professional). Send your questions for the show to [email protected] Check this episode out on YouTube Follow on Instagram
October Mailbag: Carve Out Clarification, Great States, and More!
October 04, 2023 04:00 - 24 minutes - 16.7 MBIt's October, so we pay a visit to our email queue to address your questions. Check this episode out on YouTube. Email your questions to [email protected] Follow us on Instagram
Where to Retire?
September 27, 2023 04:00 - 20 minutes - 14 MBWe spend a lot of time talking about how to retire, but not a lot talking about where. This week we unpack some of the main considerations we hear from clients, and help you look for pitfalls to avoid. Check this episode out on YouTube. Email your questions to [email protected] Follow us on Instagram
Carve Out vs. Dividends: Portfolio Income Showdown
September 20, 2023 04:00 - 26 minutes - 18.3 MBCheck this episode out on our YouTube Channel if you'd rather see us do this same show! This week Ross and Dan revisit a popular topic in their practice which is how to approach portfolio income. Should you be switching to a dividend-focused approach, or would a "Carve Out" strategy give you better access to the funds you'll need to live on in retirement? Email your questions for the show to [email protected] to be featured on upcoming mailbag episodes!
Clickbait We Hate
September 13, 2023 04:00 - 21 minutes - 14.8 MBThis week Ross and Dan rant about some of the headlines commonly seen in the personal finance space. Why we hate them, and you should too! Email questions for the show to [email protected].
September Mailbag: Backdoor Roth, Target Date Funds & Spinoffs!
September 06, 2023 04:00 - 22 minutes - 15.2 MBThis week's show gets into how a Backdoor Roth actually works (and whether it's actually legal), the mechanics of a target date fund, and a notable stock spin-off. To have your question featured on the next mailbag episode, email us at [email protected].
Rent vs. Buy: 2023 Edition
August 30, 2023 04:00 - 27 minutes - 18.7 MBThe real estate landscape has changed meaningfully since Ross and Dan recorded the "Rent, Buy and PMI" episode in late 2021. This week, they discuss how this new environment is impacting the way people approach housing. The Check Your Balances crew also wants to give a very special shout out to our partner Matt for welcoming a new baby girl to his family. Congratulations! Have thoughts or questions for the show? Email us at [email protected] or shoot us a note on Instagram!
Rob the Roth? & Safe-Harbor for Taxes
August 23, 2023 04:00 - 22 minutes - 15.3 MBThis week, Ross and Dan take on two topics that felt important but didn't quite need a full show on their own. Should you take money out of your retirement accounts in an emergency situation? How do you avoid tax penalties for under-withholding? Tune in this week to find out. Send your questions for the show to [email protected] or slide in our DMs on Instagram!
Is a Corporate Trustee Right for You?
August 16, 2023 04:00 - 23 minutes - 16.2 MBServing as a Trustee comes with a laundry list of responsibilities. This week, Ross and Dan go over what is required of someone serving in that role, and introduce how a Corporate Trustee might be able to help. Give us a follow on Instagram, and send your questions to [email protected]!
Logical Extremes
August 09, 2023 04:00 - 23 minutes - 16 MBA good idea taken to its most extreme place can lead to trouble. This week, Ross and Dan unpack what might have seemed like a good idea to the programmers at a prominent "Robo-advisor," but might not be the best in practical application... Give us a follow on Instagram, and send your questions to [email protected]!
August Mailbag: Roth Never?
August 02, 2023 04:00 - 25 minutes - 17.2 MBJuly came and went without us diving into the mailbag, so we kick off August with a few listener questions! Ross and Dan respond to a Money With Katie episode that suggests Roth contributions are rarely more favorable than pre-tax savings, and we share why using a direct indexing strategy is still...indexing. Send your questions for the show to [email protected]! Follow us on Instagram @checkyourbalances Do you like our show? Leave a rating and share with a friend!