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!
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
Ep 32: Preparing for the Stages Leading Up to Retirement
March 26, 2020 08:00 - 24 minutes - 33.1 MBDepending on how far away you are from retirement, you may have a different thing to focus on with your retirement plan. What should you be doing right now and how has the current market volatility impacted that? Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-32-preparing-…up-to-retirement/ Today's rundown: 1:40- Mailbag: Is it wise to own gold? 5:06- Mailbag: Should you move everything to cash now? 8:07- What should you look at fifteen years ...
Ep 31: Coronavirus Market Update
March 19, 2020 08:00 - 21 minutes - 29.2 MBDo you feel like your world just changed overnight with the coronavirus? How about your portfolio and your financial situation? Today we'll discuss the fallout in the market and what it means to retirement planning. Read more and get additional resources: https://philstaxhacks.com/podcast/ep-31-coronavirus-market-update/ Today's rundown: 3:54- The market has dropped, but will it bounce back fast? 6:45- What are Phil’s clients concerned about 7:50- What strategies does Phil rec...
Ep 30: What’s Your Desire To Retire?
March 12, 2020 08:00 - 17 minutes - 24.6 MBHow close are you to being ready to retire? Are your plans in place to act accordingly? Let’s talk about the different levels of desire to retire and what each means for planning Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-30-whats-your-desire-to-retire/ Today's rundown: 0:41 - Phil shares what’s been keeping him busy lately at work. 2:07 - Where do you stand in terms of retirement readiness? 2:18 - Level 1: I don’t see myself retiring; I lo...
Ep 29: Considering Your Emotions When Making Financial Decisions
March 05, 2020 09:00 - 16 minutes - 22.8 MBWhile it may seem like your financial decisions are all about the numbers, emotions play a big part in what you do with your money! How much should you let your emotions decide and when should you turn more towards logic? We’ll discuss that on this episode. Read more on this topic and get additional resources here: https://philstaxhacks.com/podcast/ep-29-considering-your-emotions-when-making-financial-decisions/ Today's show rundown: 0:54 - Phil shares his latest big purchase. 2:...
Ep 28: How To Set Realistic Financial & Retirement Goals
February 27, 2020 09:00 - 19 minutes - 27 MBDo you have financial and retirement goals set? How do you know if those goals are doable or simply unrealistic? Let’s talk about goal-setting and how we approach it with our clients to make sure they stay on track for retirement. Check out the show notes and get additional resources here: https://philstaxhacks.com/podcast/ep-28-how-to-set-realistic-financial-retirement-goals/ Today's show rundown: 1:30 - In the News: Student loan debt is at $1.6 trillion. 6:43 - How do you set ...
Ep 27: Understanding the Pros & Cons of Roth Conversions
February 20, 2020 09:00 - 22 minutes - 30.8 MBChances are you’ve heard a lot more people talking about Roth conversions over the past couple of years. That’s because tax rates are low and many individuals are choosing to pay now rather than waiting when they might be much higher. Is this a strategy that might work for you? Let’s try to cover everything you need to know before converting. Show notes and additional resources: https://philstaxhacks.com/podcast/ep-27-understanding-the-pros-cons-of-roth-conversions/ Today's rundown:...
Ep 26: Traits Your Advisor Should Have
February 13, 2020 09:00 - 19 minutes - 27.3 MBFinancial advisors come in many different forms with varying degrees of experience, but every advisor you choose to work with should have a set of traits that will give your retirement plan the best chance of success. We’re going to take a look at five you should make sure your advisor or future advisor possess. Show notes and additional resources: https://philstaxhacks.com/podcast/ep-26-traits-your-advisor-should-have/ Today's rundown: 1:07 – In the News: A banana taped to the wa...
Ep 25: Will Retirement Age Continue to Rise?
February 06, 2020 09:00 - 21 minutes - 29.1 MBFor a long time most people have targeted 65 for retirement, which is older than most countries, but that might even go higher in the next few years. Those ages are already rising in countries like France and Spain as they move towards 67. Should you expect a later retirement date? And how does that impact planning? That’s what we’ll discuss today. Show notes and additional resources: https://philstaxhacks.com/podcast/ep-25-will-retirement-age-continue-to-rise/ Today's rundown: 1:...
Ep 24: Managing Cash & Debt in Retirement
January 23, 2020 09:00 - 23 minutes - 31.9 MBDo you believe you need to be completely debt free to retire successfully? Or are you comfortable carrying some balances beyond your working years? Having a strategy for managing your debt along with the amount of cash you possess are two key pieces to a successful retirement. Show notes and additional resources: https://philstaxhacks.com/podcast/ep-24-managing-cash-debt-in-retirement/ Today's rundown: 0:42 – It’s that time of the year for brutal weather. 3:01 – We’re talking abo...
Ep 23: Beware of Bias in Financial Media
January 16, 2020 09:00 - 21 minutes - 29.5 MBHow closely do you pay attention to the sources that provide you with information about investing? Just like other outlets of media, financial news is not immune from bias. Let’s discuss the landscape today and how you can protect yourself from being misled by incorrect information. Show notes and additional resources: https://philstaxhacks.com/podcast/ep-23-beware-of-bias-in-financial-media/ Today's rundown: 1:17 – We’re well into 2020 at this point but make sure you’re writing...
Ep 22: Are These Excuses Keeping Your From Retirement?
January 09, 2020 09:00 - 22 minutes - 30.2 MBHave you ever heard someone tell you they don’t want to retire? Sometimes they might mean it, but other times it’s just a defense mechanism for the fact that they don’t feel prepared for retirement. Let’s take a look at some of the most common excuses and what they might actually mean. Show Notes and Additional Resources: https://philstaxhacks.com/podcast/ep-22-are-these-excuses-keeping-your-from-retirement/ Today's Rundown: 1:19 – Happy new year! Should be an interesting year. ...
Ep 21: The Ins and Outs of Mutual Funds
December 19, 2019 09:00 - 19 minutes - 26.6 MBMutual Funds have long been a very popular way for people to invest, but is that landscape changing? Let’s explore this investment option, explain some key terminology, and determine what the future might hold for mutual funds. Show Notes and Additional Resources: https://philstaxhacks.com/podcast/ep-21-the-ins-and-outs-of-mutual-funds/ Today's Rundown: 1:19 – Getting ready for the holidays and the new year. 2:49 – In the News: President Trump recently made Florida his permanen...
Ep 20: 5 Biggest Social Security Misunderstandings
December 12, 2019 09:00 - 18 minutes - 24.8 MBMyths, rumors, and misunderstandings are pervasive in the world of Social Security. How do you know what to believe and what to ignore? On this show, we’ll clear up the top 5 misunderstandings about Social Security. Show Notes: https://philstaxhacks.com/podcast/ep-20-5-biggest-social-security-misunderstandings/ Today's Rundown: 0:52 – Is Phil ready for Christmas? 2:26 – On to our main topic on Social Security Misunderstandings 2:39 – No. 1: Social Security is going broke 6:42 –...
Ep 19: Are You Making These Critical Estate Planning Errors?
December 05, 2019 09:00 - 16 minutes - 22.4 MBNot everyone wants to leave behind a financial legacy, but for those that do, it’s important to eliminate some of the common estate planning mistakes. Today we’ll identify five of those and explain what you need to do to keep your plan on track. Show Notes: https://philstaxhacks.com/podcast/ep-19-are-you-making-these-critical-estate-planning-errors/ Today's Rundown: 0:43 – Excited for the holidays and getting some time with family. 1:45 – In the News: Any market effects fro...
Ep #18: Finding Silver Linings in Unfortunate Financial Situations
November 26, 2019 09:00 - 16 minutes - 22.4 MBLife never goes as planned but how you react to each situation determines how your affected. Let’s look at a handful of negative scenarios that retirees and pre-retirees face and find the silver lining that can help you make the best of a bad situation. Show Notes: https://philstaxhacks.com/podcast/ep-18-finding-silver-linings-in-unfortunate-financial-situations/ On This Episode: 1:21 – Getting ready for the holiday season. 2:47 – In the news: A baggage handler in Nevada just g...
Ep 18: Finding Silver Linings in Unfortunate Financial Situations
November 26, 2019 09:00 - 16 minutes - 22.4 MBLife never goes as planned but how you react to each situation determines how your affected. Let’s look at a handful of negative scenarios that retirees and pre-retirees face and find the silver lining that can help you make the best of a bad situation. Show Notes: https://philstaxhacks.com/podcast/ep-18-finding-silver-linings-in-unfortunate-financial-situations/ On This Episode: 1:21 – Getting ready for the holiday season. 2:47 – In the news: A baggage handler in Nevada just g...
Ep #17: 5 Ways We Sabotage Our Own Retirement
November 21, 2019 09:00 - 18 minutes - 25 MBWith so many aspects of the financial world out of your control, why would you sabotage your portfolio by not controlling what you can? Let’s discuss the ways in which people hurt their own financial health so you can keep from making the same mistakes. Show Notes: https://philstaxhacks.com/podcast/ep-17-5-ways-we-sabotage-our-own-retirement/ On This Episode: 1:36 – In the news: Social Security Administration announced retirees will get a 1.6% cost of living increase. How much of ...
Ep 17: 5 Ways We Sabotage Our Own Retirement
November 21, 2019 09:00 - 18 minutes - 25 MBWith so many aspects of the financial world out of your control, why would you sabotage your portfolio by not controlling what you can? Let’s discuss the ways in which people hurt their own financial health so you can keep from making the same mistakes. Show Notes: https://philstaxhacks.com/podcast/ep-17-5-ways-we-sabotage-our-own-retirement/ On This Episode: 1:36 – In the news: Social Security Administration announced retirees will get a 1.6% cost of living increase. How much of ...
Ep #16: How To Have Those Awkward Financial Conversations
November 14, 2019 09:00 - 22 minutes - 31.2 MBYour financial plan is more than just the numbers. Having these sometimes awkward conversations now could save you a lot of trouble later on and provide clarity in a tough situation. Show Notes: https://philstaxhacks.com/podcast/ep-16-how-to-have-those-awkward-financial-conversations/ Today's Rundown: 1:36 - Quote: “Time is more valuable than money. You can get more money, but you can’t get more time.” - Jim Rohn 4:58 - How do you handle the financial plan when the first spouse p...
Ep 16: How To Have Those Awkward Financial Conversations
November 14, 2019 09:00 - 22 minutes - 31.2 MBYour financial plan is more than just the numbers. Having these sometimes awkward conversations now could save you a lot of trouble later on and provide clarity in a tough situation. Show Notes: https://philstaxhacks.com/podcast/ep-16-how-to-have-those-awkward-financial-conversations/ Today's Rundown: 1:36 - Quote: “Time is more valuable than money. You can get more money, but you can’t get more time.” - Jim Rohn 4:58 - How do you handle the financial plan when the first spouse p...
Ep 15: Retirement Constants That Will Affect Everyone
November 07, 2019 09:00 - 18 minutes - 25.9 MBRetirement planning is all about finding the right mix of investments that fit your needs and your situation. There’s no such thing as a ‘one-size-fits-all’ approach, but there are factors that will impact every single on of us in retirement. Understanding these constants and planning for them will put your portfolio in a great position. On this episode: 0:46 – We’re not happy about the officiating in the Lions’ game. 2:37 – What’s Phil’s opinion on how to handle health insurance costs? ...
Ep #15: Retirement Constants That Will Affect Everyone
November 07, 2019 09:00 - 18 minutes - 25.9 MBRetirement planning is all about finding the right mix of investments that fit your needs and your situation. There’s no such thing as a ‘one-size-fits-all’ approach, but there are factors that will impact every single on of us in retirement. Understanding these constants and planning for them will put your portfolio in a great position. On this episode: 0:46 – We’re not happy about the officiating in the Lions’ game. 2:37 – What’s Phil’s opinion on how to handle health insurance costs? ...
Ep #14: How to Live a Retirement Without Regret
October 24, 2019 09:00 - 22 minutes - 30.6 MBYou work hard and deserve the chance to enjoy your retirement to the fullest. No one wants to reach that next chapter with regrets on how you invested and planned along the way. Make the right decisions now and you won’t have that worry in retirement, and we’ll give you advice to rid your portfolio of regrets. On this episode: 1:31 – In the News: Health insurance is a major issue in the upcoming 2020 election and every candidate has an idea of how they want to handle. What does Phil think ...
Ep #13: The Variables That Shape Your Retirement Plan
October 17, 2019 10:00 - 22 minutes - 31.4 MBRetirement is a unique experience for every person with many different factors determining what yours looks like and how you get there. What we do know, however, is that there are five key variables that will have a major impact on your plan. Understanding these and strategizing for them will give you control of your future. On this episode: 1:25 – In the news: We’ve seen a bit of a slide in the market. How much does politics weigh on the market and what do you make of this recent trend? ...
Ep #12: Preparing for Retirement During Your Final Decade of Work
October 10, 2019 10:00 - 20 minutes - 28.7 MBBeing as prepared as possible before you reach retirement will ensure you’re able to enjoy the next chapter of your life to the fullest. To do that, you need to get your numbers in order, understand what you want out of retirement, and make sure you have healthcare covered. Let’s go through each of these items you need to take care of during your final years of work. On this episode: 1:09 – Phil is getting ready to take a trip to Disney with the grandkids. 2:01 – In the news: Rates have d...
Ep #11: What Can We Learn About Retirement from Flying?
October 03, 2019 10:00 - 16 minutes - 23.1 MBWe look to many different places for help with retirement planning, but have you ever considered what flying can teach us about investing? You might be surprised to hear that there are a number of parallels between the two and we’ll lay them out for your on this episode. Today's rundown: 1:22 – In the News: A new study shows 37% of households are ‘free and clear’ meaning they are mortgage-free. 3:10 – Introducing the show’s main topic on flying and retirement. 3:53 – First thing is the f...
Ep #10: Busting the Myths When It Comes To Your Retirement Plan
September 26, 2019 10:00 - 18 minutes - 25.9 MBEver hear something that caused to you ask, “Is that really true?” There are common myths that float around all the time, so what myths are there when it comes to retirement planning? Today's rundown: 0:53 - School is back and AFS Wealth Management is hosting classes on taxes in retirement. 2:02 - The market seems stable right now, but is volatility ahead? 3:40 - In the News: Bernie Sanders wants to forgive student loan debt, and Elizabeth Warren has a school loan forgiveness plan as we...
Ep #9: Excuses We Make for Sticking With the Wrong Financial Advisor
September 19, 2019 10:00 - 17 minutes - 24.7 MBEvery decision you make in regard to your finances goes a long way to determining how much you’ll get to enjoy retirement, but using the correct advisor will have a big impact on your planning process. Despite that, investors will often make excuses for working with someone that doesn’t fit their needs and goals. Let’s talk about some of the common excuses that are used. Today's rundown: 0:45 – Phil just got back from a family vacation. 2:05 – In the News: Uber now experimenting with foo...
Ep #8: Financial Planning With a Sense of Urgency
September 12, 2019 10:00 - 20 minutes - 28.1 MBNo matter how well you plan, there are times in your life where things shaken up and force you to change course. All of a sudden you shift to planning with a sense of urgency. On this episode, we’ll discuss some of those scenarios and how you can prepare yourself. Today's rundown: 1:51 – In the News: The SECURE Act could affect your retirement. 3:56 – Could changes coming to the RMD age signal changes in Social Security? 5:57 – Getting to Know Phil: What’s your greatest accomplishment in...
Ep #7: Are You Prepared in Case These Retirement Portfolio Disasters Strikes?
September 05, 2019 10:00 - 17 minutes - 24.3 MBYou’ve been planning for retirement by saving and investing for years but how prepared are you for negative events? Portfolio disaster could strike at any time and you need to have a plan in place to deal with it. We’ll run through the most likely scenarios and what you should do to stay retirement ready. Click here to see the full show notes.----more---- Today's rundown: 1:57 – News headline reaction: Will the financial advisor role become unnecessary with the advent of automation? 4:30...
Ep #6: Is “Fake News” Impacting Your Finances?
August 15, 2019 10:00 - 16 minutes - 23.1 MBAre you panicking when it comes to what’s happening with your finances after hearing the latest headline? But are these statements to be trusted? What is fake news and what is real when it comes to your financial plan? We'll discuss those questions and more in this episode. Check out the full show notes by clicking here. Today's rundown: 2:16 - “Social Security is going broke.” 5:47- “The Crash of the Dollar is Imminent--Buy Gold Now!” 7:21 - “Nursing Home Costs Poised to Bankrupt Mill...
Ep #5: What Classic Proverbs Can Teach You About Money
August 01, 2019 10:00 - 13 minutes - 19.1 MBA number of common proverbs you’ve probably heard all your life can easily be applied to your finances. Are you keeping these simple lessons in mind when considering your retirement planning? Join us this episode as we place meaning to those proverbs. Check out the full show notes by clicking here. ----more---- Here's the rundown for this episode: 1:30 - Upcoming event: When to shred your documents. 3:29 - “A bird in the hand is worth two in the bush.” Don’t overchase growth, especial...
Ep #4: Tips for Making Tough Financial Decisions
July 18, 2019 10:00 - 13 minutes - 18.8 MBWhen it comes to financial decisions, the process can become overwhelming trying to make the right one and you often stall out in the process. Sometimes you just need to decide and move forward. Fish or cut bait. One way or another, you need to keep going. We’ll highlight a few of the areas where people get stuck most often when making financial decisions and how to prevent that. Read more about the topic and see the show notes here. ----more---- Here's the full rundown for this episode: ...
Ep #3: How Planning Your Summer Vacation Is Like Planning Your Retirement
July 03, 2019 22:29 - 10 minutes - 14.6 MBIf you’re heading out on a road trip this summer, there’s a long list of things you’ll want to remember when planning for your vacation. In retirement planning, some of those exact same items also need to be addressed. Let’s look at some of the items that should appear on both your road trip checklist and your retirement planning checklist. Full show notes: https://philstaxhacks.com/podcast/ep-3-how-planning-your-summer-vacation-is-like-planning-your-retirement/ ----more---- Other Reti...
Ep #2: Facing The Realities Of Retirement
June 20, 2019 10:00 - 18 minutes - 25.4 MBThe realities of retirement planning are different than they were even a decade ago. Let’s talk about some of the realities that affect how you need to plan… Full show notes of today's episode: https://philstaxhacks.com/ep-2-facing-the-realities-of-retirement ----more---- Other Retirement Facts: 2:47 People are living longer. Back in the ‘30s, the average life expectancy was 60 for a man and 64 for a woman. Today, if you live to 65, you can expect to live another 20 years. 25% of us ...
Ep #1: Meet Phil Putney
June 11, 2019 12:30 - 12 minutes - 17 MBMajor US stock indexes fell more than 6% in May, so we'll take a quick look back at last month and discuss what brought about these changes. And to continue with the news topics, we'll talk about recent updates on Brexit, and get Don's opinion on how we should take all of these news events into account in regards to our financal plans. We'll close out with an email question about the pros and cons of gifting assets. Check out the full show notes here: https://philstaxhacks.com/podcast/ep-1-...
Coming Soon - Phil's Tax Hacks (and other retirement facts)
May 28, 2019 19:47 - 2 minutes - 3.51 MBJust around the corner is a new podcast called Phil's Tax Hacks (and other retirement facts) with Phil Putney of AFS Wealth Management. As a CPA and personal financial specialist Phil brings almost three decades of experience to each show to help you better prepare for retirement. Learn about creating tax-efficient financial plans and making sure you're well-prepared for your financial future. This episode gives you a quick little preview of what's to come. Episode 1 launches in June 2019! ...