Phil's Tax Hacks
237 episodes - English - Latest episode: 4 days ago - ★★★★★ - 4 ratingsFinancial, tax and retirement planning guidance from Phil Putney. Each week Phil will talk about the keys to building a sound financial strategy that can survive throughout the ups and downs of the market. We'll have plenty of tax hacks along the way and other retirement facts!
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Episodes
Ep 180: Crash Course: The Psychology of Investing in the Wake of Historic Market Crashes
April 27, 2023 09:00 - 28 minutes - 39.9 MBHave you ever wondered why you handle money the way you do? It turns out your financial behaviors can be traced back to your formative memories. In this episode, we examine how significant market crashes of the past might be impacting your current money management habits. Here are some of the things we’ll address in this episode: 1:32 – The ripple effects of the Great Depression 3:29 – Soaring interest rates 8:21 – Black Monday to the Dotcom bubble 16:15 – The impact of the Great Rec...
Ep 179: A Comprehensive Dismantling Of 2023’s Top Social Security Myths (Part 2)
April 20, 2023 09:00 - 14 minutes - 20.2 MBWe’re back for part two of this two-part series! In episode one, we debunked the first five common Social Security misconceptions and set the record straight. Today, we'll take on the next five myths that have been causing confusion and misinformation about Social Security. Here are some of the things we’ll address in this episode: 1:28 – Can I work and still receive Social Security benefits? 5:09 – You don’t have to be a U.S. citizen to receive benefits. 6:35 – If I have a pension,...
Ep 178: A Comprehensive Dismantling Of 2023’s Top Social Security Myths (Part 1)
April 13, 2023 09:00 - 21 minutes - 29.1 MBHave you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you're eligible is the best decision for your financial future? In this two-part episode, we'll be debunking common myths about Social Security and answering the questions you've been curious about. Here are some of the things we’ll address in this episode: 1:40 – Why Phil doesn’t recommend turning to the Social Security Administration for benefit strategies. ...
Ep 177: Fore Your Retirement: What Golf Teaches Us About Financial Planning
April 06, 2023 09:00 - 18 minutes - 25.6 MBAre you a golfer? Even if you're not, the game of golf can teach us valuable lessons about retirement planning. For example, hitting a hole-in-one might be thrilling, but it won't necessarily guarantee your overall success. And just like you need different clubs in your golf bag to play a round, you need a well-balanced approach to your investments in retirement. Tune in to this episode to learn more about how the game of golf can help you plan for a successful retirement. Here are some...
Ep 176: Back to the Basics - Retirement Saving Fundamentals
March 30, 2023 09:00 - 26 minutes - 36.1 MBAre you aware that not all retirement accounts are created equal? In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples. We’ll help you weigh the pros and cons of each and give you insights into the purposes they serve so that you can choose the best account for you. Here are some of the things we’ll address in this episode: 1:01 – What are the pros and cons of company-sponsored retirement plans? 5:02 ...
Ep 175: Moving Your Retirement Goalpost - Is It Worth The Risk?
March 23, 2023 09:00 - 17 minutes - 24.6 MBDo you ever feel like your retirement planning goals are always moving? You're not alone. We’ve found that people often move the goalposts in their own retirement planning, often to their detriment. In this episode, we're diving deep into the psychology of retirement planning and the dangers of moving the goalposts. Here are some of the things we’ll address in this episode: Why cash does not work for long-term goals and investment. (1:51) The danger of the “I’ll get serious about saving n...
Ep 174: Lessons Learned from the Silicon Valley Bank Collapse
March 16, 2023 09:02 - 17 minutes - 24.8 MBThe Silicon Valley Bank situation has gotten all of the financial headlines over the past week, and rightfully so. The event immediately triggered worries that another 2008 event might happen again, but is that concern justified? In this episode, we’ll explain why this run on SVB happened, what it really means, and what lessons we can learn from this. Here are some of the things we’ll address in this episode: The details of what really happened with SVB. (1:16) What are the ripple effe...
Ep 173: The Incomplete Financial Plan
March 09, 2023 10:02 - 17 minutes - 24.8 MBOn this episode, we'll be pointing out the most common areas people overlook when planning and provide actionable tips to ensure that your plan is as comprehensive as possible. The good news for anyone that feels they’ve overlooked any of these items is that they are all correctable by taking the time with an advisor to do some proper planning. Here are some of the things we’ll address in this episode: How prepared are you for a market downturn early in retirement? (1:24) Inflation is ...
Ep 172: Top 10 Tax Questions for Retirees in 2023
March 02, 2023 10:02 - 17 minutes - 24.3 MBOn today’s episode, we’ll break down the top ten tax questions retirees are asking in 2023. Before you file your 2022 taxes and plan ahead for the rest of the year, make sure to listen to this episode as we’ll discuss some important tax questions that retirees should ask themselves to ensure they're making the most of their retirement savings and minimizing their tax burden. Here are some of the tax questions we’ll address in this episode: What are the tax implications of withdrawing mo...
Ep 171: 5 Beneficiary Mistakes - Are You Accidentally Spoiling Your Retirement Plan?
February 16, 2023 10:02 - 18 minutes - 25.9 MBFor some people, leaving a legacy is one of the most important goals for their financial plan. Not only do they want to leave as much as possible, but they also want to make sure those assets go to their intended beneficiaries. On this episode, we’ll address five, unfortunately, common beneficiary mistakes. Are you making one of these beneficiary mistakes? If so, it could cost you and your loved ones dearly. Some of the simplest mistakes can completely spoil an otherwise well done retiremen...
Ep 170: 2023 Retirement Preparedness Checklist (#6-10)
February 09, 2023 10:02 - 23 minutes - 32.6 MBAnother year is upon us and it’s a great time to ask yourself some critical questions to assess how ready you are for retirement to kick off 2023. If you’re retiring this year, it’s essential to have some concrete answers to these questions. If you’re still a few years from the milestone, tune in so you can start thinking about these critical conversations. We broke this discussion up into two parts so we could take enough time for each of these items on the checklist. In part one, we work...
Ep 169: 2023 Retirement Preparedness Checklist (#1-5)
February 02, 2023 10:02 - 17 minutes - 23.6 MBAnother year is upon us and it’s a great time to ask yourself some critical questions to assess how ready you are for retirement to kick off 2023. Since we have a lot to tackle on the checklist, we’ll run through the first five on this episode and the second five on the next show. Today’s focus will primarily be on the all-important income planning piece of the puzzle along with some of the risks you’ll face in retirement. Here’s some of what you’ll learn in this episode: Why most peop...
Ep 168: Back to Basics - Income Planning
January 26, 2023 10:02 - 13 minutes - 18.5 MBIt’s been said that if you don’t have an income plan, you don’t really have a retirement plan. We’ll tackle that mentality on this episode to see if it’s true and further explore why so many retirees and pre-retirees don’t understand the importance of an income plan, nor how to properly construct one. Here’s some of what you’ll learn on this episode: If you don’t have an income plan, you don’t really have a retirement plan. (0:42) Where are you pulling the income from and when? (3:11) ...
Ep 167: SECURE Act 2.0 – Retirement Changes to Know (Part 2)
January 19, 2023 10:01 - 20 minutes - 28.5 MBIn the first part of the series, Phil highlighted the age changes for required minimum distributions along with some Roth changes that were included. This episode will focus on an assortment of additional planning changes that you need to be aware of. Some of them are already active and a few will kick in over the next year or two. Here’s some of what you’ll learn on this episode: Catch-up contributions getting an inflation adjustment. (0:50) The Starter 401(k) (4:44) The ability to g...
Ep 166: SECURE Act 2.0 - RMD & Roth Changes (Part 1)
January 12, 2023 10:01 - 19 minutes - 27.5 MBAnother round of retirement changes are on the way after President Biden signed a spending bill in December 2022 that included the SECURE Act 2.0. Retirees and pre-retirees need to understand what this legislation means, how it might impact you, and what planning opportunities this could open up. Here’s some of what you’ll learn on this episode: RMD age extended to age 73 for some and 75 for others. (1:05) The RMD penalty has been reduced. (3:35) There are no longer RMDs for any Roth ...
Ep 165: Top 401(k) Mistakes to Avoid
January 05, 2023 10:03 - 17 minutes - 24.6 MBSaving in your 401(k) can be an easy and painless way to build your retirement savings. But because it’s so easy and painless, it can also be easy to ignore for long periods of time, which often leads to mistakes. In this episode, we will be coving common mistakes people make in their 401(k)s. Join us on today’s episode as we break down these major topics: Are you a financial collector? (1:27) Why you don’t want to forget to rebalance your 401(k). (4:16) Do you understand Target Date F...
Ep 164: Dividend-Only Retirement Plans
December 21, 2022 10:00 - 16 minutes - 23.5 MBIs it possible to have a “Dividends Only” Retirement? We found an interesting article that explores how to achieve the mythical “dividends only” retirement plan. In this episode, we discuss the article and why you may want to consider some of the cons to this method of retirement planning. Join us on today’s episode as we break down these major topics: What is a true dividend? (1:01) Most mutual funds pay out a percentage of their earnings through dividends. (5:39) How much of a pay cu...
Ep 163: The Market Outlook for 2023
December 15, 2022 10:00 - 16 minutes - 23.1 MBThere are a ton of opinions out there on the market right now. Many are wondering what the next year has in store for us after market volatility became the norm in 2022. Are we in for more of the same in 2023? In this episode, we’ll talk about the market outlook for the next 12 months, plus share tips on how you can best prepare for potential future volatility. We will also discuss a few published articles and share our thoughts with you. Join us on today’s episode as we break down thes...
Ep 162: Will it Take a Miracle to Retire?
December 08, 2022 10:00 - 19 minutes - 26.4 MBIn this episode, we will be discussing this article that cites 35% of millionaires saying it’s “going to take a miracle” to be ready for retirement. Why are Americans feeling less confident? Is it realistic that millionaires can’t feel sure about their retirement futures? Listen to find out. Join us on today’s episode as we break down these major topics: Getting to retirement requires more than hitting a certain net worth. (3:12) How our bucket plans can help you plan effectively. (13...
Ep 161: Making Smart Decisions During Major Life Events
December 01, 2022 10:00 - 19 minutes - 26.7 MBSome major life events catch us by surprise, and others are more anticipated. No matter the circumstance, it’s imperative to make wise financial decisions when navigating these life changes. Let’s explore some of the things you should be thinking about to make smart financial decisions when you encounter some of the most significant events in your life. Join us on today’s episode as we break down these major topics: What to think about when you’re forced into retirement or change care...
Ep 160: Should You Follow the 60-40 Rule?
November 22, 2022 21:38 - 17 minutes - 23.7 MBPeople have used the 60-40 rule for investments for years. It typically works well enough, but is it most effective? In this episode, we will break down the 60-40 rule and help you understand how to expand this concept to diversify your investments. Join us on today’s episode as we break down these major topics: What is a 60-40 portfolio? (1:41) Phil’s thoughts on the challenges of a 60-40 portfolio. (2:36) What alternative to bonds could you use in a 60-40 portfolio? (7:05) For mo...
Ep 159: Is the Grass Really Greener on the Other Side?
November 17, 2022 10:00 - 15 minutes - 22.2 MBSometimes you need to find a new financial advisor. Other times, you might think you need a new advisor, but really, you’re just guilty of thinking that the grass is greener on the other side. In this episode, we will discuss some possible scenarios, like business changes, mistakes made, and more. Let’s see how these scenarios could impact your decision-making and why you may not want to jump ship too quickly. Join us on today’s episode as we break down these major topics: If your adv...
Ep 158: The Retirement Marathon: Finishing the Race
November 10, 2022 10:00 - 18 minutes - 25.9 MBGetting through retirement can be a lot like running a marathon. In this episode, we will discuss some similarities between getting to the finish line in racing and retirement. A lot of people assume that training for a marathon consists of long runs every day, when it actually involves a lot of planning. Most marathoners spend at least six months in training…mixing in days with light runs, some days with long runs that simulate the marathon, and other days with shorter, faster runs. Plann...
Ep 157: Common Questions About Taxes in Retirement
November 03, 2022 09:00 - 19 minutes - 26.3 MBWith tax season around the corner, we get a lot of questions about taxes. Many don’t understand that their tax strategy completely changes in retirement. In this episode, we will cover some of the key points about your taxes in retirement. Join us on today’s episode as we break down these major topics: How should my tax strategy change as I transition into retirement? (1:14) In 2026 taxes codes will revert to the Obama administration era of taxes if there are no changes. Will there be a...
Ep 156: What You Need to Know About Forced Retirement
October 27, 2022 09:00 - 19 minutes - 27.2 MBUnfortunately, there are times people are forced into retirement before they are ready. Today we are going to go over what that may look like and common questions people ask when faced with this difficult situation. The first thing to know is that this isn't an uncommon position to be in so don't feel like you're alone. Dealing with a forced retirement is not always straightforward, so we do our best to cover all of the bases from pension options to healthcare. Let’s dive in! Join us on to...
Ep 155: Are Health Savings Accounts ‘Super Roths’?
October 20, 2022 09:00 - 21 minutes - 29.2 MBA great tool you could utilize for your financial plan is a Health Savings Account. Though it may be an underserved tool in some financial advisors’ tool belts, it has some amazing benefits. In this episode, you will learn about HSAs and why they are sometimes referred to as ‘Super Roths’ (Spoiler alert: They are triple tax-free!). Listen to find out the ways to make the most of an HSA and some mistakes to avoid. Join us on today’s episode as we break down these major topics: What is an ...
Ep 154: The ABC’s of Bonds
October 13, 2022 09:00 - 16 minutes - 22.8 MBWhen we have bad markets, traditional investing points to bonds. What if they aren’t the safe and secure investment that everyone thinks they are? In our current 2022 market, you may be considering bonds yourself. Today we are going to go over the ABC’s of bonds. There are many ways to get into bonds and we will go over the different options available and help you determine if they may or may not be something you should consider. Join us on today’s episode as we break down these major topi...
Ep 153: Fine Print Fiasco
October 06, 2022 09:00 - 18 minutes - 25.5 MBWho reads the fine print? It’s one of those things most people skim over or ignore entirely. In this episode, we will go over some fine prints that can be easily missed. Listen to hear real-life scenarios that were sent in for us to share with you. Should the fine prints be explained to us more thoroughly or should we be paying more attention? When we hear “no fees”, do we take that at face value? Let’s find out. Join us on today’s episode as we break down these major topics: Have you be...
Ep 152: Can’t Get No Satisfaction… Or Can You?
September 29, 2022 09:00 - 20 minutes - 28.5 MBWant to know the secrets to experience satisfaction in retirement? We’ve discovered five key situations in which your financial plan needs to lead you. If you can key in on these five points, you’ll have a high chance to achieve retirement satisfaction. Making sure you have all your bases covered isn’t always an easy feat with so many things to consider. In this episode, we will discuss exactly how you can retire with confidence in your financial future. Join us on today’s episode as we br...
Ep 151: How Money Ads Get Your Attention
September 22, 2022 09:00 - 18 minutes - 25.7 MBWe’re bombarded with ads each day in all forms of media. But have you ever taken a closer look at these messages? If we unpack some of these headlines and ads a little bit more, we’re able to clearly understand what emotions they’re trying to elicit. More importantly, we can figure out what companies are trying to sell us. For this episode, we perused the internet for a couple of hours and kept track of various financial planning, investing and retirement ads we came across. Let’s pick apar...
Ep 150: Getting Your Financial Decisions Right the First Time
September 15, 2022 09:00 - 20 minutes - 28.3 MBThere are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. In this episode, we’ll explain why these decisions are so important and can’t be undone. It can be tough to know exactly how much risk you should be taking as you prepare your financial plan, but it helps to know what you need to get right the first time. For example, you may have put off getting life insurance, but it’s more affordab...
Ep 149: How Procrastination Dooms Your Financial Future
September 08, 2022 09:06 - 25 minutes - 35.1 MBPeople have many reasons for procrastinating when it comes to putting a retirement plan together. Let’s explore some of those excuses and why they can be dangerous, and talk about how to overcome them… Join us on today’s episode as we break down these major topics: Why you should still plan for retirement if your parents didn’t, and they turned out fine. (2:40) How to know which advice to believe. (5:00) Money problems don’t go away, so stress is not a good reason to avoid planning. (8:...
Ep 148: Going Against the Grain
August 25, 2022 09:00 - 21 minutes - 29.9 MBBeing a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the best advice that you can for each individual situation. On today’s show, we’re going to peel back the curtain to discuss some areas where a good financial advisor’s opinions might go against the grain with mainstream ideas in the industry. Join us on today’s episode as we break down these major topics: How much risk is too much risk fo...
Ep 147: A Deep Dive Into RMDs (Part 2)
August 18, 2022 09:00 - 22 minutes - 31.4 MBEveryone we’re working with for a retirement plan has to keep an eye on the age of 72 because that’s when the required minimum distributions begin. While we all know money has to come out of our retirement accounts, it’s not as simple to understand all the requirements and then execute that efficiently. Today we’ll continue our deep dive with part two focused on the inherited account side of things. Listen to part 1: https://philstaxhacks.com/podcast/ep-146-a-deep-dive-into-rmds-part-...
Ep 146: A Deep Dive Into RMDs (Part 1)
August 11, 2022 09:00 - 23 minutes - 32.7 MBEveryone we’re working with for a retirement plan has to keep an eye on the age of 72 because that’s when the required minimum distributions begin. While we all know money has to come out of our retirement accounts, it’s not as simple to understand all the requirements and then execute that efficiently. Today we’ll provide you a deep dive into RMD starting with the accounts you own in part one. Join us on today’s episode as we break down these major topics: What you need to know and wha...
Ep 145: A Tough Conversation – Retirement and Divorce
August 04, 2022 09:00 - 20 minutes - 28.3 MBWe’re going to have a tough conversation about retirement and divorce on today’s episode. How does this difficult decision impact your retirement financially? Join us on today’s episode as we break down these major topics: Why is working with a financial advisor essential during a divorce? (6:10) You don’t want to ignore tax implications of breaking up retirement accounts. (7:04) Rolling a spouse’s retirement account into a new IRA immediately after divorce. (9:33) How divorce can ...
Ep 144: Retirement Pop Quiz – Can You Get an A+?
July 28, 2022 09:00 - 20 minutes - 28.2 MBAre you ready for a pop quiz? Today we’re going to do a retirement planning pop quiz. Can you ace these questions? Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA Key points: 1:24 – At what age should people start saving for retirement? 4:14 – How much do you need for income in retirement? 9:25 – Which do retirees fear the most? 11:17 – What best represents a diversified plan? 16:42 – To avoid running out of money, only take out how much? R...
Ep 143: Mailbag - Rates of Return, TSP Investments, and More
July 21, 2022 09:00 - 23 minutes - 32.2 MBWe are opening up the mailbag today to answer various questions from listeners and clients. We’ll explore the average rate of return, blue-chip stocks, TSP investments, and much more on today’s show. Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA Key points: 1:29 – What rate of return should I be getting? 5:02 – Should I move out of blue-chip stocks? 8:22 – Should I move the money in my TSP? 11:49 – Is it time to load up on stocks? 16:24 – Can...
Ep 142: Surviving a Bear Market - What Do the Experts Say?
July 14, 2022 09:00 - 22 minutes - 30.6 MBWhat do pre-retirees and retirees need to know about surviving this bear market and a possible recession? On today’s episode, we’ll explore some expert advice on surviving a bear market and whether we agree or disagree with these opinions. Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA Key points: 1:33 – Value stocks over growth stocks 5:23 – The bear market is a great opportunity for investors 7:10 – Be aware of emotional decision making 13:1...
Ep 141: The Enhance Your Retirement Now Act
July 07, 2022 09:00 - 15 minutes - 22 MBA recent article in The Hill paints the EARN Act (Enhancing American Retirement Now), the Senate’s version of the House’s Secure Act 2.0 bill, in a negative light as primarily a tool to give a tax break to rich Americans in a way that ultimately adds to the national deficit and only circumvents problems instead of solving them. We’ll break down the article on today’s episode and share our opinion on what it gets right, and wrong… Watch the video podcast: https://www.youtube.com/channel/U...
Ep 140: Investor Beware: Advisor Red Flags
June 23, 2022 09:00 - 24 minutes - 33.8 MBWith the volatility in the market many of us are looking to start working with an advisor. What should we keep an eye out for when shopping around for an advisor? What red flags do we need to be aware of? Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA Key points: 2:09 – Spotting red flags 2:44 – Works with everyone 6:25 – Good news and certainty 10:35 – Too much jargon 15:02 – More talking than listening Read more and get additional financ...
Ep 139: Are You a Risk Taker? Evaluating Your Risk Tolerance Level
June 16, 2022 09:00 - 28 minutes - 38.9 MBDo you take a lot of risk or are you a conservative investor? On today’s episode, we’ll explore why risk tolerance matters and how understanding our own risk tolerance level can protect our assets and future. Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA Key points: 0:25 – The current stock market 2:20 – Increasing inflation and retirement 3:56 – Do most people know their risk tolerance level? 5:31 – Are we panicking too much? 8:00 – How ofte...
Ep 138: Top 10 Financial Debates - Part 2
June 09, 2022 09:00 - 37 minutes - 51.5 MBLet’s continue our conversation on financial debates today. From deferring taxes to using credit cards, what is your opinion on these common financial debates? Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA Key points: 2:45 – Defer or don’t defer taxes 10:24 – You should never use credit cards 15:53 – Mutual funds or individual stocks 25:03 – Start Social Security as soon as possible 28:31 – Can you DIY retirement planning? Read more and g...
Ep 137: Top 10 Financial Debates – Part 1
June 02, 2022 09:00 - 30 minutes - 42.4 MBShould you pay the house off before retirement? Do you need to keep your life insurance once retired? Do annuities deserve their bad reputation? On today’s episode, we’ll break down some famous financial debates and how each side approaches these topics. Who do you agree with? Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA Key points: 1:05 – To pay off the house or to not pay off 7:50 - Individual bonds vs. bond funds 11:18 – Nobody needs life i...
Ep 136: Are These Retirement Statistics Encouraging or Discouraging?
May 26, 2022 09:00 - 19 minutes - 27.6 MBWe are breaking down some retirement statistics on today’s episode. Are these numbers encouraging or discouraging? Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA Key points: 1:29 – Women have less saved than men 7:00 - You need $1.04 million to retire 9:29 – 55% of workers plan to continue to work 10:47 - 25% of Americans increased their savings 13:46 – 70 million people are taking Social Security Read more and get additional financial res...
Ep 135: The Secret to Retirement Success
May 19, 2022 09:00 - 23 minutes - 31.9 MBSo, what really is the secret to retirement success? While it may be harsh, the reality is we are often our own worst enemy when it comes to planning. On today’s episode, we are going to discuss how we, as investors, can get out of our own way in order to have a successful retirement. Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA Key points: 1:09 – We aren’t being harsh 3:44 – Fear and greed 6:40 – Investing for taxes 9:55 – Too much cash 14:...
Ep 134: Countdown to Retirement
May 12, 2022 09:00 - 23 minutes - 32.7 MBAs you count down to the days of retirement there are some important things, you’ll want to cross off your to-do list. On today’s episode, we’re going to break down some of the things you’ll want to get done before this next chapter of life. Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA Key points: 0:38 – Counting down the days 1:28 – Getting healthy and staying healthy 4:07 – What are you going to do? 9:36 – Catch up and save more 10:31 – Pa...
Ep 133: Can I Retire at 55?
May 05, 2022 09:00 - 26 minutes - 36.8 MBIt’s a question more and more people are asking, especially as the workplace continues to change following the pandemic. But are you in a position to step away from a consistent paycheck at age 55? Phil will provide a great look at the reality of early retirement in today’s environment and apply some real-world examples to the discussion. Watch the video podcast: https://youtu.be/cuahFzcAFlw Key points: 1:09 – Background on this topic 3:20 – How many clients want this? 4:05 – ...
Ep 132: Reasons You SHOULD Get Life Insurance
April 28, 2022 09:00 - 18 minutes - 25.3 MBThe idea of a podcast on life insurance might not sound like the most exciting topic, but we’re going to put a positive spin on it today and tell you why you should get it. Or at the least, consider adding it to your portfolio. Life insurance can serve many different purposes for financial needs and we’ll share a few you might not have thought of on this episode. Watch the video podcast: https://youtu.be/dEGFLe0qJFU Read more and get additional financial resources here: http://phils...
Ep 131: The Most Important Retirement Birthdays
April 21, 2022 17:00 - 22 minutes - 31 MBBirthdays might not be as exciting as they once were, but they are still important. On today’s episode, we are going to break down some retirement birthday milestones you need to be aware of when planning for the future. TIMESTAMPS: 0:23 – Wonky weather! 1:21 – Age 50 3:42 – Age 55 5:47 – Age 59 ½ 6:50 – Age 62 9:06 – Age 65 12:44 – Age 66 or 67 14:42 – Age 70 15:49 – Age 72 ADDITIONAL INFORMATION: https://philstaxhacks.com/