Financial Straight Talk
164 episodes - English - Latest episode: about 1 month ago - ★★★★★ - 4 ratingsFinancial Straight Talk with Jim Fox: No-nonsense financial advice from a financial industry veteran with over 20 years of experience. Learn ways to help your financial literacy, make financial decisions, and reach your financial goals. No confusing jargon or pushy sales tactics. Learn more about Jim and his team here: https://yourwfg.com/
About Jim Fox, Founder & President:
Jim Fox is a veteran of the United States Marine Corps and a financial advisor with over 20 years of experience. He founded Wadadli Financial Group in 2006 after leaving a large financial services firm because he felt that the firm was more interested in selling products than in providing good advice to its clients. Jim is a firm believer in integrity and always focuses on his clients goals.
He is honest and transparent with them about their financial situation and works with them to help develop a plan that meets their needs. Jim is committed to providing his clients with the proper tools and service. He is a trusted advisor who has many years of experience helping people work towards their financial goals. Click here to learn more about Jim and the team at Wadadli Financial Group.
Investment advisory products and services made available through Impact Partnership Wealth, LLC (IPW), a Registered Investment Adviser. 3074075- 8/23.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
How much risk is in your retirement portfolio?
March 19, 2024 08:00 - 13 minutes - 12.8 MBA 75-year-old woman is heading back to the workforce after losing a large chunk of her retirement due to risk, but how much risk is in your portfolio? Jim Fox discusses how to assess your financial situation. He also talks about how to build a relationship with your financial advisor. See omnystudio.com/listener for privacy information.
Outdated Rules in Retirement
March 12, 2024 08:00 - 13 minutes - 12.5 MBWhat "Rules in Retirement" are so common that no one questions if they are outdated? Jim Fox lists what you should focus on when planning your retirement to make sure you have the most up to date tools available to you. He also discusses the affect debt can have on your financial goals and if paying off your mortgage first is the right move. See omnystudio.com/listener for privacy information.
The Father of the 401(K) Says What You’re Missing
February 27, 2024 09:00 - 12 minutes - 11.5 MBCan your 401(K) really replace a pension in retirement? Jim Fox breaks down the good and bad of a 401(K) plan and discusses how to properly utilize it in retirement. He also talks about some of the most common financial pitfalls people face after finishing their professional career. See omnystudio.com/listener for privacy information.
Technology’s role in your retirement
February 06, 2024 09:00 - 12 minutes - 11.5 MBWhat role will future technology play in your retirement? Jim Fox discusses how the advancement of technology can play a part in your financial future. He also talks about what you should look out for and why a human's personal touch will always be hard to beat. See omnystudio.com/listener for privacy information.
Retirement Advice from the Wolf of Wall Street
January 23, 2024 09:00 - 10 minutes - 9.69 MBThe real Wolf of Wall Street, Jordan Belfort, believes that no one truly knows what's going on in the market. Jim Fox discusses the importance of avoiding the noise of the media when it comes to retirement and why you should always keep your portfolio flexible. See omnystudio.com/listener for privacy information.
How to create multiple sources of income in retirement!
January 16, 2024 09:00 - 9 minutes - 9.16 MBNBA Hall of Famer Magic Johnson made $40 million during his playing days but is now worth over a billion dollars in retirement. Jim Fox discusses the options that are available to you when it comes to creating income in retirement and how having a plan for your portfolio is key. See omnystudio.com/listener for privacy information.
The Financial Straight Talk Christmas Special!
December 26, 2023 09:00 - 56 minutes - 51.7 MBThis is the 2023 Financial Straight Talk Christmas Special! On this year's show, Jim Fox and his team discuss their favorite Christmas traditions, meals, play trivia, and learn about American soldiers and the holidays. They also discuss the recipe to a successful retirement. See omnystudio.com/listener for privacy information.
6 tips for lowering your RMD’s in retirement!
December 12, 2023 09:00 - 9 minutes - 9.14 MBOne thing you have to get straight in retirement is your taxes! Jim Fox discusses the options you have when it comes to RMD's in your 401(K) and how to access your money in the most tax efficient ways possible. See omnystudio.com/listener for privacy information.
Not your neighbor's retirement plan
December 05, 2023 09:00 - 14 minutes - 12.9 MBHave you ever wondered how a Flat Earther looks at life? how about retirement? Jim Fox discusses the importance of having a unique plan that is catered to you when it comes to your financial future in retirement! See omnystudio.com/listener for privacy information.
Financial moves to make before 2024!
November 14, 2023 09:00 - 13 minutes - 12.8 MBWhat moves should you be making financially before 2024? Jim Fox explains the importance of a year-end review and what it should cover. He also talks about the importance of creating a financial plan in retirement and how you can get started today! See omnystudio.com/listener for privacy information.
The ingredients to a healthy retirement plan!
November 07, 2023 09:00 - 12 minutes - 11 MBWith people living longer than ever, it's important to make sure your retirement plan lasts as long as you do. Jim Fox breaks down a list of the ingredients you need to create a proper retirement plan for the future. He also talks about why you should avoid the noise on social media. Follow Jim and his team on Facebook. Learn more online, at Wadadli Financial Group. See omnystudio.com/listener for privacy information.
Which monsters could be a threat to your retirement dreams?
October 31, 2023 08:00 - 12 minutes - 11.2 MBWhich monsters could be a threat to your retirement dreams? Jim Fox discusses who else has their eye on the money in your portfolio and how you can create protection with a plan to keep more in your pocket instead of theirs. See omnystudio.com/listener for privacy information.
Maxing Out Your 401(k) Near Retirement: Pros, Cons, and Other Options
October 10, 2023 08:00 - 9 minutes - 8.39 MB"The more you save, the better." This is a common mantra that we hear throughout our lives, especially when it comes to saving for retirement. But does this advice still hold true when you are nearing retirement? Jim Fox discusses the pros and cons of maxing out your 401(k) and shares other options that might be available to you. See omnystudio.com/listener for privacy information.
Common 401(k) Mistake: Are You Making It?
October 03, 2023 08:00 - 12 minutes - 11 MBJim Fox, a financial advisor, shares what he sees daily and explains what you can do now to help make sure your 401(k) is on track. Investment advisory products and services made available through Impact Partnership Wealth, LLC (IPW), a Registered Investment Adviser. See omnystudio.com/listener for privacy information.
What’s worse- death or taxes?
September 19, 2023 08:00 - 10 minutes - 9.42 MBTax laws are constantly changing, but how could they change your lifestyle in retirement? Jim Fox discusses why you should be making a tax plan for the future today. He also breaks down the most common problems people face when trying to tax plan for retirement. Follow Jim and his team on Facebook. Learn more online, at Wadadli Financial Group. Investment advisory products and services made available through Impact Partnership Wealth, LLC (IPW), a Registered Investment Adviser. 3074075- 8/...
The Dangers of Getting Financial Advice from Social Media
September 12, 2023 08:00 - 11 minutes - 10.5 MBAre you getting your financial advice from social media? You might want to think twice! Jim Fox, a financial advisor with over 20 years of experience, discusses the most common myths he hears online when it comes to planning your retirement and why you need to avoid the charlatans. Investment advisory products and services made available through Impact Partnership Wealth, LLC (IPW), a Registered Investment Adviser. 3074075- 8/23. See omnystudio.com/listener for privacy information.
Pro-Tip for Retirement: How to take advantage of the Trump tax cuts right now.
September 05, 2023 08:00 - 8 minutes - 7.75 MBThe Tax Cuts and Jobs Act of 2017 made significant changes to the tax code, including some that could have a major impact on retirement planning. In this episode of Financial Straight Talk, Jim Fox, a financial advisor with over 20 years of experience, explains the implications of the sunsetting of the Tax Cuts and Jobs Act for retirement savers. See omnystudio.com/listener for privacy information.
The 5 things wealthy people do to stay wealthy
August 21, 2023 08:00 - 11 minutes - 11 MBWhat are the 5 things wealthy people do to stay wealthy and what are you doing differently? Jim Fox discusses the steps that you need to follow in your financial plan to setup up a successful financial future. He also talks about how to pay the least amount of taxes legally possible. See omnystudio.com/listener for privacy information.
Barbie's Retirement: Managing 200+ Careers and 401(k)'s - Tips for Financial Success
August 07, 2023 08:00 - 12 minutes - 11.1 MBDiscover how Barbie, with her incredible 200+ careers, navigates retirement and the challenge of managing multiple 401(k)'s. Join Jim Fox as he shares essential strategies for tracking your retirement plans and enhancing your financial literacy to transform your retirement dreams into reality. Don't miss an episode of Financial Straight Talk podcast. Follow or subscribe today! Gain even more valuable insights from Jim and his team on Facebook or YourWFG.com. Ready to learn more about you...
What is outdated in your portfolio?
July 31, 2023 08:00 - 13 minutes - 12.3 MBWhat is outdated in your portfolio? How do you even know what needs updating? Jim Fox discusses how often you should review your portfolio to make sure it's customized to match your dreams in retirement. See omnystudio.com/listener for privacy information.
Financial Advice from Famous Folks
July 17, 2023 08:00 - 10 minutes - 9.46 MBAre you doing the same thing financially as Oprah? What about Jay Leno? You may think this sounds crazy, but Jim Fox breaks down financial tips from celebrities to show you how having the right mindset and attitude can strengthen your portfolio for the future. See omnystudio.com/listener for privacy information.
Is your pension safe from the market?
June 19, 2023 08:00 - 14 minutes - 13.5 MBIs your pension safe? Is it being funded properly or is underfunded? Do you even know? Jim Fox breaks down the options you have while receiving a pension. He also talks about if you should take a buyout or if you should keep your money where it is located and when you should start taking social security. See omnystudio.com/listener for privacy information.
The 6 most common mistakes made in retirement
May 29, 2023 08:00 - 14 minutes - 13.5 MBJim Fox breaks down the 6 most common mistakes he sees in most retirement plans. This ranges from not having a plan to making purchases that are not in the best interest of your future. See omnystudio.com/listener for privacy information.
The Power of Market Guard
May 22, 2023 08:00 - 10 minutes - 9.47 MBJim Fox discusses Market Guard and how it can take the emotion and guess work out of the planning process for retirement. He also talk's about the importance of knowing your risk tolerance. See omnystudio.com/listener for privacy information.
Pros and Cons to having an annuity in your 401(k)
May 15, 2023 08:00 - 13 minutes - 12.4 MBNew laws are allowing you to add an annuity into your 401(k), but should you do it? Jim Fox breaks down the pros and cons and explains what you should do before making this decision. See omnystudio.com/listener for privacy information.
Don't let the tax code take advantage of you
May 08, 2023 16:00 - 17 minutes - 15.8 MBAre you taking advantage of the tax code, or is the tax code taking advantage of you? Jim Fox discusses the importance of tax efficiency and breaks down the margarita inflation index. See omnystudio.com/listener for privacy information.
How save on future taxes now
April 24, 2023 08:00 - 16 minutes - 15 MBWhat tax bracket will you be in when you reach retirement? Do you even know? Jim Fox discusses the conversions you can make now to effect your future tax bill in retirement. See omnystudio.com/listener for privacy information.
Financial Misinformation
April 17, 2023 08:00 - 12 minutes - 11.4 MBIs the financial advise you're getting from your friends or neighbors correct? Jim Fox breaks down the most common financial misinformation he hears and lets you know how it could affect your retirement goals. See omnystudio.com/listener for privacy information.
What is the greatest threat to your portfolio?
April 03, 2023 08:00 - 12 minutes - 11.8 MBHow much risk should you take with your retirement savings. Jim Fox breaks down risk vs. reward when it comes to retirement planning and how to test your risk tolerance. He also discusses the greatest financial risk everyone faces. See omnystudio.com/listener for privacy information.
What would you do to not pay taxes?
March 27, 2023 08:00 - 15 minutes - 14.3 MBWhat do Americans say they would do to not pay taxes in the future? Jim Fox discusses these crazy statistics found on WalletHub and explains the difference between working with a tax planner and a CPA. See omnystudio.com/listener for privacy information.
What to look for in a financial advisor for retirement
March 06, 2023 08:00 - 16 minutes - 14.8 MBJim Fox explains the different titles and varieties of financial advisors and talks about the most important thing to look for when choosing the right advisor for you. See omnystudio.com/listener for privacy information.
There will always be tacos in retirement
February 27, 2023 09:00 - 15 minutes - 21.4 MBJim Fox discusses his favorite sayings he learned from his parents and the retirement phrases you will always hear. He also talks about the roll an advisor plays when you are transitioning from your working days into retirement.
There will always be tacos in retirement
February 27, 2023 09:00 - 15 minutes - 14.2 MBJim Fox discusses his favorite sayings he learned from his parents and the retirement phrases you will always hear. He also talks about the roll an advisor plays when you are transitioning from your working days into retirement. See omnystudio.com/listener for privacy information.
Bad habits that could affect your retirement
February 20, 2023 09:00 - 16 minutes - 15.1 MBHave you created a retirement plan that involves flexibility? Jim Fox discusses the habits that can help and the ones that can hurt your retirement plan. He also talks about anticipating for what may come out of left field. See omnystudio.com/listener for privacy information.
Can Artificial Intelligence create a successful plan for retirement
February 13, 2023 09:00 - 16 minutes - 15 MBWe put Artificial Intelligence to the test and ask it to list out the seven steps to create a successful retirement. Jim Fox breaks down the plan and points out some issues that he sees missing. See omnystudio.com/listener for privacy information.
Can you retire when you're 50
February 06, 2023 09:00 - 16 minutes - 15.3 MBDying at your desk should not be your retirement plan. One Gen-X TikTok'er believes that's her future, and Jim Fox breaks down why that shouldn't be your plan too. He also talks about the 4 reasons to retire when you're 60 and if it's possible to retire early. See omnystudio.com/listener for privacy information.
5 questions you should ask your financial advisor
January 30, 2023 09:00 - 17 minutes - 16 MBWhat are you paying an advisor for? Jim Fox answer this question along with others, such as how often should you be communicating with your advisor, as he breaks down the Wall Street Journal's 5 questions you should be asking your financial advisor. See omnystudio.com/listener for privacy information.
How will the Secure Act 2.0 impact your retirement
January 23, 2023 09:00 - 15 minutes - 14.6 MBJim Fox breaks down the new rules of the Secure Act 2.0 and discusses how it could affect your financial future. So will it help you reach your retirement goal? See omnystudio.com/listener for privacy information.
What does 2023 look like for retirees
January 17, 2023 09:00 - 28 minutes - 26.1 MBJim Fox reflects on the financial aspect of 2022 and discuss what people are projecting for 2023. He also talks about a country star who has no plans to retire yet and things we like less the older we get. See omnystudio.com/listener for privacy information.
The importance of customer service
January 02, 2023 09:00 - 23 minutes - 21.9 MBWhat is your goal for 2023? Jim Fox discusses the difference between setting a daily and an annual goal. He also talks about the creating the right relationship with your advisor and why customer service is so important to him. Have a happy new year! See omnystudio.com/listener for privacy information.
The Financial Straight Talk Christmas Special
December 19, 2022 09:00 - 56 minutes - 51.3 MBOn this weeks show Jim Fox and the team discuss Christmas traditions from around the world. They also share stories about spending time in other cultures and the worst Christmas experience of their life. Enjoy the show, Merry Christmas, Happy Holiday's, and have a Happy New Year! See omnystudio.com/listener for privacy information.
Using the tax code to your advantage
December 12, 2022 09:00 - 20 minutes - 18.8 MBDo you have hope for your retirement future? Jim Fox discusses ways to find your voice of reason in financial planning and the importance of finding tax clarity. The show also celebrates someone's BIG birthday! See omnystudio.com/listener for privacy information.
Preventing Financial FOMO
November 21, 2022 09:00 - 15 minutes - 13.8 MBA famous actor discusses how he lost his fortune. Jim Fox breaks down the problems that can occur when you invest based on fear of missing out (FOMO). He also talks about scams he's seen first hand and shares what he's thankful for this year. See omnystudio.com/listener for privacy information.
This is not your parents retirement
November 14, 2022 09:00 - 19 minutes - 18.3 MBHow has retirement changed from your parent's generation to now? Jim Fox discusses ways to create your own pension, how to find your retirement window, and kids have it easy these days. See omnystudio.com/listener for privacy information.
What would you do if the IRS gave you $9 million
November 07, 2022 09:00 - 18 minutes - 17.4 MBA media mogul finds a $9 million mistake in his taxes. How would you react? Jim Fox discusses when is it OK to fire your financial advisor. He also talks about avoiding negative impact in your portfolio and taking control of your financial decisions. See omnystudio.com/listener for privacy information.
How do we manage risk with our investments
October 31, 2022 08:00 - 25 minutes - 23.5 MBRisk! Is it good? Is it bad? Jim Fox discusses how to manage it when it comes to building your portfolio. He gives out tips for Halloween and shares a quote from Mike Tyson that you will want to avoid when it comes to planning your financial future. See omnystudio.com/listener for privacy information.
Finding your balance in retirement
October 24, 2022 08:00 - 15 minutes - 14.2 MBHave you built a plan that is able to adapt to the current flow of the market in retirement? Jim Fox discusses the importance of being able to change your finances with your lifestyle and compares it to the best Halloween candy in your bag. See omnystudio.com/listener for privacy information.
Max out your current tax bracket
October 17, 2022 08:00 - 19 minutes - 17.7 MBWhere can you max out your current tax bracket in retirement? Jim Fox discusses this and how the ripples of life can affect your goals and what do you need to know right now about RMD's. See omnystudio.com/listener for privacy information.
Tools To Generate Income
October 10, 2022 08:00 - 17 minutes - 16.2 MBJames Earl Jones is retiring as the voice of Darth Vader, but he’s sold the rights to his voice so Disney can continue to use it. That’s a nice pay bump for Jones as he hangs up the lightsaber at 91, and he should continue to get residuals as Disney uses his voice in future projects. Jim Fox talks about a few different tools and strategies to generate income from your investments once you enter retirement. See omnystudio.com/listener for privacy information.
Focusing on the financial fundementals
October 03, 2022 08:00 - 14 minutes - 13.1 MBJim Fox discusses why it's so important to create trust with your advisor. He also talks about looking at the bigger picture when it comes to future impacts on your portfolio and why having multiple accounts doesn't mean you have a plan. See omnystudio.com/listener for privacy information.