Phil's Tax Hacks
237 episodes - English - Latest episode: 3 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 81: What Can We Learn From Will Rogers?
April 08, 2021 09:00 - 15 minutes - 14.8 MBThe quotes and quips from the past can shed a lot of light on the current situation when it comes to financial planning. Have you heard any of these before? How do they apply in your financial life? Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-81-what-can-we-learn-from-will-rogers/ Watch the video podcast: https://youtu.be/t5C8cbly-ZU What we discuss on this episode: 1:03 - “There are three kinds of men…” 3:12 - “The only differe...
Ep 80: Are You Flirtin’ with Financial Disaster?
April 01, 2021 09:00 - 18 minutes - 16.9 MBHow do you know if you’re flirting with financial disaster? On today’s episode of the podcast, Phil goes over four big areas where things can really go awry if they are not properly handled when it comes to your finances. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-80-are-you-flirtin-with-financial-disaster/ Watch the video podcast: https://youtu.be/0oH7x8MSQqY What we discuss on this episode: 1:28 - Outdated legal documents. ...
Ep 79: When Crisis Meets Opportunity
March 25, 2021 09:00 - 18 minutes - 16.9 MBWhen faced with financial challenges, do you view them as a crisis or an opportunity? Phil shares how your financial advisor can help you navigate them. Read more and get additional financial resources: https://philstaxhacks.com/podcast/ep-79-when-crisis-meets-opportunity/ Watch the video podcast: https://www.youtube.com/watch?v=iwkKJtqOBhI What we discuss on this episode: 0:31 - Is Phil a half empty or half full kind of guy? 1:40 - How do you feel about empty nest syndrome?...
Ep 78: March Madness and Retirement Planning
March 18, 2021 09:00 - 18 minutes - 16.9 MBMarch Madness is back! Have you filled out your brackets yet before the tournament starts? To have a little basketball-inspired fun today, we talk about the parallels between financial planning and March Madness. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-78-march-madness-and-retirement-planning/ Watch the video podcast: https://youtu.be/6r6rvsmsdrU What we discuss on this episode: 1:28 - March Madness is upon us. 1:45 - Getti...
Ep 77: Status of the American Pension
March 11, 2021 10:00 - 16 minutes - 15.5 MBWhile pensions used to be the standard retirement benefit offered by companies, that is becoming less and less common. On today’s episode of the podcast, Phil talks about what options you have with a pension, why you might still need to save for retirement outside of the pension, and what to look out for. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-77-status-of-the-american-pension/ Watch the video podcast: https://youtu.be/QxOntOo2ji...
Ep 76: Reasons to Never Assume in Retirement
March 04, 2021 09:00 - 16 minutes - 15.6 MBYou know what happens when you assume, right? We all make assumptions from time to time as humans, but what assumptions are you making from a retirement standpoint that you really shouldn’t? On today’s episode, Phil talks through the assumptions you might be making and how to adjust your thinking. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-76-reasons-to-never-assume-in-retirement/ Watch the video podcast: https://youtu.be/qyKo4Z42kj4...
Ep 75: Saving for Retirement as a Business Owner
February 25, 2021 09:00 - 15 minutes - 14.2 MBA lot of small business owners put so much into their business plan and into their business, that sometimes they overlook themselves. One of their biggest assets and efforts is their business itself, but what about retirement? On today’s episode of the podcast, Phil and Marc talk about the kinds of decisions business owners face, sharing personal experiences and advice for business owners trying to save for retirement. Read more and get additional planning resources here: https://philsta...
Ep 74: Getting More Involved in Retirement Planning
February 18, 2021 09:00 - 14 minutes - 13.4 MBAre you in the know or in the dark when it comes to your financial plan? Is your spouse the one making the calls or are you doing it together? Let’s talk about the steps you can take to get more involved in your family’s finances. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-74-getting-more-involved-in-retirement-planning/ Watch the video podcast: https://youtu.be/iNFtHkLgnHc What we discuss on this episode: 0:21 - How do we enco...
Ep 73: Top Tax Tips for Filing in 2021
February 11, 2021 09:00 - 15 minutes - 14.3 MBAs you file your 2020 taxes, what do you need to be aware of to account for that unprecedented year? What changes were made and how should you prepare? We'll fill you in on the top tax tips. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-73-top-tax-tips-for-filing-in-2021/ Watch the video podcast: https://youtu.be/XTHpqM3TG0s What we discuss on this episode: 0:24 - Tax season has begun! 1:20 - Are the stimulus payments taxable? ...
Ep 72: The GameStop Stock Story
February 04, 2021 09:00 - 18 minutes - 16.9 MBWondering what just happened with GameStop stock? Wish you had jumped on that bandwagon? Phil gives some information on what happened and what he thinks about it. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-72-the-gamestop-stock-story/ Watch the video podcast: https://youtu.be/fRTjDrrucrU What we discuss on this episode: 1:19 - What happened with GameStop stock? 2:42 - What is shorting a stock? 3:44 - What was different abo...
Ep 71: Good News, Bad News in Financial Planning
January 28, 2021 09:00 - 18 minutes - 17 MBNo one likes bad news and sometimes the good news doesn’t outweigh the bad. On today’s podcast, we talk about a few financial topics that come with good news and bad news. Read more and get additional resources here: https://philstaxhacks.com/podcast/good-news-bad-news-in-financial-planning/ Watch the video podcast: https://youtu.be/6j5R4FVKzeo What we discuss on this episode: 0:40 - Do you want the good news or the bad news? 1:28 - Bad news is you have debt, the good news...
Ep 70: Know Thyself: How Looking Inward Can Lead To Major Financial Impacts
January 21, 2021 09:00 - 14 minutes - 13.5 MBHave you stopped to reflect on yourself and your feelings when it comes to finances? When you meet with an advisor, it’s important to be true to yourself. Today on the podcast, we’ll ask the questions you should sit with when it comes to making financial decisions and a financial plan. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/know-thyself-how-looking-inward-can-lead-to-major-financial-impacts/ Watch the video podcast: https://youtu.be...
Ep 69: The Three Qualities of Money
January 14, 2021 09:00 - 19 minutes - 17.6 MBWhat are the three qualities of money that everyone wants? How can you get all of them within your portfolio? Phil talks through the key three qualities and what you need to make it happen. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-69-the-three-qualities-of-money/ Watch the video podcast: https://youtu.be/ZC_9a-K3b0g What we discuss on this episode: 0:35 - Why are so many people interested in getting a camper? 3:46 - What a...
Ep 68: Retirement Statistics That Might Surprise You
January 07, 2021 09:00 - 21 minutes - 19.9 MBRetirement planning will be different for every person, but it’s interesting to look at the averages to get a general guide on where you stand. Today we’ll share some retirement statistics that will give you a good idea of how the average American prepares for retirement and where the shortcomings might be. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-68-retirement-statistics-that-might-surprise-you/ Watch the video podcast here: https:...
Ep 67: Which Retirement Lifestyle Is Right For You?
December 17, 2020 12:46 - 24 minutes - 22.4 MBAs we finish off the year, we’re all dreaming about a lifestyle that looks a bit different than this one. What are your retirement lifestyle goals? Read more and get additional financial resources here: https://philstaxhacks.com/podcast/which-retirement-lifestyle-is-right-for-you/ Watch the video podcast: https://www.youtube.com/watch?v=YAgPduaRT74 What we discuss on this show: 1:11 - What are Phil’s end of the year plans? 1:54 - What’s your retirement lifestyle plan? 2:34 - ...
Ep 66: End-of-Year Financial Planning
December 11, 2020 14:21 - 21 minutes - 20 MBWhat financial moves should you make before the year is over? Have you talked with your financial advisor about these strategies? Let’s review the items that are most important at the end of the year. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-66-end-of-year-financial-planning/ Watch the video podcast: https://www.youtube.com/watch?v=2p7Vl6w2TvM&feature=youtu.be What we discuss on this show: 1:51 - Should we be maxing out retir...
Ep 65: What to Know About Biden’s Tax Proposals
December 03, 2020 09:00 - 25 minutes - 23.5 MBThe Tax Foundation released a detailed analysis of Biden's tax proposals and this week we look at a few of the items that caught Phil's attention. Are there tax changes ahead? Anything different you should do with your plan now? We'll try to help you answer those questions today. Read more and get additional financial resources: https://philstaxhacks.com/podcast/ep-65-what-to-know-about-bidens-tax-proposals/ What we discuss on this show: 0:20 - Let’s review Biden’s tax proposals. ...
Ep 64: Finding the Right Advisor
November 25, 2020 13:52 - 20 minutes - 18.9 MBHow do you pick the right advisor? Often we get caught up in finding the right investments and making sure the portfolio is balanced. But what about finding the right person to help you facilitate that plan? Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-64-finding-the-right-advisor/ Watch the video podcast here: https://youtu.be/qLffTFZSlm0 What we discuss on this show: 1:25 - How do you pick the right advisor? 2:30 - What’s y...
Ep 63: Don’t Assume the Customer Is Always Right
November 19, 2020 09:00 - 18 minutes - 16.9 MBWe’ve all heard the saying, “the customer is always right”, but are they? When it comes to financial planning, you are going to see an advisor to hear their guidance and wisdom. So, if there’s a disagreement, are you right or are they? That's what we'll talk about on today's show. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-63-dont-assume-the-customer-is-always-right/ Watch the video podcast here: https://youtu.be/ZcCIc3MYb58 What...
Ep 62: Is Diversification Just For Suckers?
November 12, 2020 09:00 - 17 minutes - 16.5 MBIs your portfolio diversified? Should it be? What does true diversification look like? We’ll tell you on this episode. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-62-is-diversification-just-for-suckers/ Watch the video podcast: https://youtu.be/69LkNzJHE3w What we discuss on this show: 2:00 - Is diversification for suckers? 2:50 - How does the average person define diversification? 5:14 - How does Phil describe diversificatio...
Ep 61: Would You Pass This Retirement Preparedness Quiz?
November 05, 2020 09:00 - 19 minutes - 17.7 MBHow do you know if you’re ready for retirement? Whether you plan to retire soon or years from now, taking this quiz will help you understand what you need to do to prepare. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-61-would-you-pass-this-retirement-preparedness-quiz/ Watch the video podcast: https://youtu.be/VSs7liueo0o What we discuss on this show: 0:21 - Ready to take the quiz? 2:21 - Do you know how much you have? 5:35...
Ep 60: Answering Your 401(k) FAQs
October 29, 2020 08:00 - 15 minutes - 14.7 MBMany of us have a 401(k), but how much do you really know about it? What frequently asked questions does Phil get when it comes to investing wisely? Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-60-answering-your-401k-faqs/ Watch the video podcast: https://youtu.be/E5LyPiJcQW8 What we discuss on this show: 1:44 - What frequently asked questions does Phil hear about 401(k)s? 2:08 - Should you take the free advice offered through your employer...
Episode 59: Mailbag: Should I Move My Investments To Cash Right Now?
October 22, 2020 08:00 - 18 minutes - 17.4 MBWhenever you have questions or concerns about your financial situation, you should reach out to a financial advisor. Today we’re going to answer several questions from listeners to hear what Phil has to say regarding everything from a long-term care policy to tax refunds. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/484/ Watch the video podcast: https://www.youtube.com/watch?v=xNd5iEw5tkY&feature=youtu.be What we discuss on this show...
Ep 59: Mailbag: Should I Move My Investments To Cash Right Now?
October 22, 2020 08:00 - 18 minutes - 17.4 MBWhenever you have questions or concerns about your financial situation, you should reach out to a financial advisor. Today we’re going to answer several questions from listeners to hear what Phil has to say regarding everything from a long-term care policy to tax refunds. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/484/ Watch the video podcast: https://www.youtube.com/watch?v=xNd5iEw5tkY&feature=youtu.be What we discuss on this show...
Ep 58: Reframing the Social Security Conversation
October 15, 2020 08:00 - 13 minutes - 12.6 MBAre you understanding all of the options when it comes to Social Security? Or do you feel like retirement and Social Security always coincide? Today we take a look at this important piece of retirement income. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-58-reframing-the-social-security-conversation/ Watch the video podcast here: https://youtu.be/C_LugOpTQck What we discuss on this show: 0:36 - Let’s reframe your Social Security ...
Ep 57: Retirement Ready...or Not?
October 08, 2020 08:00 - 13 minutes - 12.6 MBWhether you are less than a decade away from retirement or at the beginning of your career, it’s important to have a saving mindset. How can you make sure you are retirement ready? Read more and get additional financial resources: https://philstaxhacks.com/podcast/ep-57-retirement-ready-or-not/ Watch the video podcast: https://youtu.be/7sF9WLpknd0 What we discuss on this show: 0:25 - What’s one of the latest coronavirus-related hot ticket items? 1:24 - What can younger cli...
Ep 56: Financial Stuff You Should Know
October 01, 2020 08:00 - 12 minutes - 11.6 MBFrom the global bond market to living benefits, there are several important financial concepts you might not yet know about. Today’s episode will cover four things you should know when it comes to finances. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-56-financial-stuff-you-should-know/ Watch the video podcast here: https://youtu.be/evWGvRxgA_g What we discuss on this show: 0:27 - The market is currently back up. 1:20 - The gl...
Ep 55: Hindsight is 20/20 in Financial Planning
September 24, 2020 08:00 - 14 minutes - 13.2 MBEver wish you knew then what you know now? That’s especially true in the year 2020. We discuss areas where hindsight could help and what to do about those financial decisions today. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-55-hindsight-is-20-20-in-financial-planning/ Watch the video podcast: https://youtu.be/qefGxAbekjs What we discuss on this show: 0:34 - What does fall fashion look like for Phil and Marc? 1:35 - Do you w...
Ep 54: Do You Need a Trust?
September 17, 2020 08:00 - 14 minutes - 20.2 MBIs a trust something everyone has or just the really wealthy? Do you need it as a part of your estate plan? Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-54-do-you-need-a-trust/ Watch the video podcast: https://www.youtube.com/watch?v=mEKpQjU43uE&feature=youtu.be What we discuss on this show: 0:39 - We’re going to talk about estate planning gone wrong. 1:30 - How does your advisor potentially help with estate planning? 2:18 -...
Ep 53: This One is On The House
September 10, 2020 08:00 - 15 minutes - 21 MBHow should you approach your home from a financial standpoint in retirement? Pay it off? Downsize? Rent it out? Let’s talk about real estate and how it fits into your plan. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-53-this-one-is-on-the-house/ Watch the video podcast here: https://youtu.be/b_apvElPm8Q What we discuss on the show: 0:37 - Paying off the house as quick as you can or enjoy low rates and pay it off slowly? 1:47 - ...
Ep 52: Are These Financial Rules Legit?
September 03, 2020 08:00 - 13 minutes - 18.6 MBWe all hear various financial rules from time to time, but are they legit? Or are they full of it? Which of these are good rules of thumb and which are better to ignore? On today’s podcast we discuss seven financial rules to see what’s what and help you better plan for retirement. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-52-are-these-financial-rules-legit-or-full-of-bull/ Watch the video podcast: https://youtu.be/Sb6dpmV2r90 Wh...
Ep 51: Simple Mistakes That Could Ruin Retirement
August 27, 2020 08:00 - 13 minutes - 18.9 MBMany of the things you read or watch about finance will talk about the things you need to do to grow your portfolio. It’s not too often that you hear about the ways your retirement gets put in jeopardy, but it’s important to be aware of these mistakes. Today we’ll list five different errors people make that could ruin retirement so that you can make sure to do the opposite. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-51-simple-mistakes-th...
Ep 50: The Financial Risks to Living Longer
August 20, 2020 08:00 - 17 minutes - 24.2 MBWe all want to live a long and good life, but what does that mean from a financial standpoint? What kind of financial plan do you need to prepare and how can you plan appropriately for an unknown lifespan? Read more on the topic here: https://philstaxhacks.com/podcast/ep-50-the-financial-risks-to-living-longer/ Watch the video podcast: https://youtu.be/kef-ksH57ds On today's show: 0:55 - Dunkin’ Donuts is planning to close hundreds of stores. 3:10 - What’s the average lifesp...
Ep 49: Building Your Financial House
August 13, 2020 08:00 - 17 minutes - 23.6 MBFor some people, the idea of putting together a financial plan is pretty daunting. For others, the idea of building and designing a house is a lot more exciting. On today’s podcast, we consider what kind of building would go into creating a financial house. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-49-building-your-financial-house/ Watch the video podcast: https://youtu.be/T9sWzDtOLFg 1:11 - Did you ever build structures as a k...
Ep 48: Financial Planning Following the Loss of a Spouse
August 06, 2020 08:00 - 18 minutes - 26.1 MBWhat happens to your financial plan once one spouse passes away? Is your plan organized and prepared or will the surviving spouse be left with a mess? Let’s talk about all the financial decisions you’ll be faced with during this difficult life event. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-48-financial-planning-following-the-loss-of-a-spouse/ Watch the video podcast: https://youtu.be/qKlXF5Zd7gc On today's show: 0:40 - Losin...
Ep 47: Classic Pre-Retiree Mistakes to Avoid
July 23, 2020 08:00 - 18 minutes - 25.1 MBAs you get closer to retirement, you might be prone to make these mistakes. We’ll talk through the key areas to be aware of so you can make better decisions as you near retirement. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-47-classic-pre-retiree-mistakes-to-avoid/ Watch the video podcast: https://www.youtube.com/watch?v=JfkNfw6YBc8 Today's show schedule: 0:18 - Phil and Marc talk summer heat and summer critters. 5:00 - We t...
Ep 46: Survival Guide - Preparing for the Next Market Crash
July 16, 2020 08:00 - 20 minutes - 18.5 MBWhat will happen to your portfolio when the market crashes next? Will you be ready or will your plans be wrecked? Let’s run through a list of the lessons we’ve learned that can be applied to the next bit downturn. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-46-survival-guide-preparing-for-the-next-market-crash/ Watch the video podcast here: https://youtu.be/1nsZp3hbkQM Today's show schedule: 0:14 - Phil shares about his summer s...
Ep 45: Investing Like a Genius
July 09, 2020 08:00 - 15 minutes - 21.3 MBWhat can we learn from geniuses? How can we apply those same principles when making investment decisions? On this episode of Phil’s Tax Hacks, we’ll discover what it means to invest like a genius as well as answer a question from the mailbag. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-45-investing-like-a-genius/ Watch the video podcast here: https://youtu.be/4eunf0wBC8g Today's show schedule: 1:06 - Geniuses are highly adaptab...
Ep 44: Do You Say One Thing Then Do Another?
July 02, 2020 08:00 - 15 minutes - 21.4 MBAre you risk-averse but then find out your portfolio is riskier than you want? Or do you say you want to retire but haven’t really prepared to do so? What other instances do you say one thing but do another? Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-44-do-you-say-one-thing-then-do-another/ Watch the video podcast here: https://youtu.be/JizfY4AgWo0 Today's show schedule: 0:24 - Phil is gearing up for their first camping trip th...
Ep 43: 4 Financial Pre-Retirement Milestones
June 25, 2020 08:00 - 15 minutes - 21.2 MBAre you prepared for retirement? Reaching these milestones before you get there will ensure you transition to retirement with ease. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-43-4-financial-pre-retirement-milestones/ Watch the video podcast here: https://www.youtube.com/watch?v=F9seLztVTbc Today's show schedule: 0:49 - Four milestones that signify you are ready for retirement. 1:37 - #1: You can budget confidently. 3:35 - #2...
Ep 42: Traditional IRA vs. Roth IRA
June 18, 2020 08:00 - 17 minutes - 23.9 MBAre you investing in a traditional IRA or a Roth IRA? Which one is better? What pros and cons should you be aware about? Find out on this episode. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-42-traditional-ira-vs-roth-ira/ Watch the video podcast here: https://youtu.be/ITCkfeqBp4c Today's show schedule: 0:30 - Phil is back in the office, by appointment only. 2:51 - What is the deal with the market? 4:13 - What is the difference...
Ep 41: Should You Follow Dave Ramsey’s Advice?
June 11, 2020 08:00 - 19 minutes - 27.3 MBFrom the debt snowball to perfectly following his baby steps, what does Phil think of Dave Ramsey’s advice? Is it something you should incorporate into your own financial plan or something to steer clear of? Show Notes & Resources: https://philstaxhacks.com/podcast/ep-41-should-you-follow-dave-ramseys-advice/ Watch the Video Podcast here: https://youtu.be/zbxrhLXNu1Y Timestamps: 0:23 - What’s the latest in terms of what’s opening up? 1:10 - Should we be wary of Dave Ramsey’s ...
Ep 40: Critical Retirement Planning Mistakes
June 04, 2020 08:00 - 20 minutes - 28.3 MBWhat are some of the big critical mistakes that people are prone to make when retirement planning? How can you avoid them? Find out on today’s episode. Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-40-critical-retirement-planning-mistakes/ Today's show schedule: 0:54 - What’s available in stores and what’s hard to find these days? 4:41 - Are bonds a safe investment? 7:06 - Has there been a shift in bonds due to coronavirus lately? 8:39 - L...
Ep 39: Financial Terms You Should Know During A Pandemic
May 21, 2020 08:00 - 21 minutes - 29.9 MBWhat do you call what just happened in the market? Do you know what tax loss harvesting is? Should you be rebalancing? Find out in today’s show! Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-39-financial-terms-you-should-know-during-a-pandemic/ Today's show schedule: 1:55 - What to call “what happened” in the market? 3:44 - What are the different shapes of the market and what do they mean? 4:59 - Does the market directly correlate wi...
Ep 38: Playing the Financial Crossword Puzzle
May 14, 2020 08:00 - 24 minutes - 33.4 MBWhen you complete a crossword puzzle, every letter and word needs to be right in order to achieve success. Similarly, a financial plan has a lot of intersecting parts that need to be aligned in order to achieve your goals. Are you ready to play? Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-38-playing-the-financial-crossword-puzzle/ Today's show schedule: 0:45 - Financial planning is a lot like doing a crossword puzzle. 2:27 - Puzzle...
Ep 37: Best Intentions But Bad Advice?
May 07, 2020 08:00 - 27 minutes - 37.1 MBAs you try to make the best decisions, you may get a lot of bad advice--even from people with good intentions. How do you know who to listen to? Whose advice is bad and whose is good? We'll look at four common people we turn to and explain why you should be careful. Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-37-best-intentions-but-bad-advice/ Today's show schedule: 3:15 - Are you getting some bad advice from well-meaning family members? 7:3...
Ep 36: Financial Truths You Can Depend On
April 23, 2020 08:00 - 23 minutes - 32.5 MBWhat financial truths can you depend on to always be true? While some financial statements may be more opinion than fact, these financial truths are ones you’ll want to hang on to. Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-36-financial-truths-you-can-depend-on/ Today's rundown: 0:50 - Are Americans taking out their retirement funds too early? 4:10 - What are absolute truths in the financial realm? 4:56 - Is watching too much news or TV ba...
Ep 35: Should You Take Money Out of Retirement Accounts While It's Penalty-Free?
April 16, 2020 08:00 - 19 minutes - 27.4 MBDue to coronavirus, the CARES Act has outlined several provisions to relieve the financial burden on the economy right now. If you are allowed to take money out of your retirement accounts without penalty, should you? Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-35-should-you-take-money-out-of-retirement-accounts-while-its-penalty-free/ Today's rundown: 2:03 - What should you do about tapping into retirement accounts? 4:50 - Are these provisio...
Ep 34: How to Avoid Getting Lost in the Financial World
April 09, 2020 08:00 - 22 minutes - 30.2 MBRetirement planning and financial goals can be tricky to navigate. Instead of getting lost and going down the wrong path, here’s what to look out for and how to head in the right direction in the financial world. Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-34-how-to-avoid-getting-lost-in-the-financial-world/ Today's rundown: 2:31 - In the News: What’s happening with COVID-19? 8:09 - What are the reasons people get lost in the financial world?...
Ep 33: Coronavirus Update - CARES Act and Taxes
April 02, 2020 08:00 - 24 minutes - 33.9 MBHow is the coronavirus impacting the market, your financial plan, and your taxes? Find out in today’s coronavirus update. Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-33-coronavirus-update-cares-act-and-taxes/ Today's rundown: 1:50 - Coronavirus Update: What is the market doing now? 4:44 - What is our new reality? 8:40 - How have Phil’s clients been? 10:16 - What will the stimulus package do for those on Social Security? 13:44 - With taxes ...