Retire Early, Retire Now!

Send us a textIn this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner, discusses everything you need to know about Social Security with a focus on early retirement. The episode covers the basics of Social Security, including how it is calculated and taxed, as well as strategic considerations for maximizing your benefits. Key points include the impact of early retirement on Social Security, the tax implications, planning opportunities for self-employed individuals, and factors to consider when deciding when to start receiving benefits. Listeners also get practical advice on how to manage their finances to optimize Social Security payouts, and a sneak peek into next week's topic on distribution strategies for an early retirement. Don't forget to leave a five-star review and share the podcast for more financial insights.00:00 Welcome to The Retire Early Retire Now Podcast00:27 Introduction to Social Security for Early Retirement00:51 Understanding Social Security Basics01:06 Maximizing Your Social Security Benefits01:39 Listener Reviews and Podcast Growth02:34 How Social Security is Calculated04:35 Paying into Social Security: Taxes Explained06:54 Self-Employment and Social Security Contributions10:38 Calculating Your Social Security Benefit13:06 When to Take Social Security: Key Considerations19:06 Conclusion and Next Week's TopicCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textTax Savings Strategies for Early RetireesIn this episode of The Retire Early Retire Now podcast, host Hunter Kelly delves into tax-saving strategies tailored for high-income earners aiming for early retirement. Hunter discusses the advantages of Roth conversions during low-income years, the benefits of tax-loss harvesting to offset capital gains, the importance of proper asset location, strategic withdrawal sequencing to minimize taxes, and the utilization of Health Savings Accounts (HSAs) for managing medical expenses before Medicare eligibility. Emphasizing long-term tax planning, he offers valuable insights to help listeners retain more of their wealth and achieve a smoother transition into early retirement.00:00 Introduction to Tax Savings Strategies for Early Retirees02:25 Roth Conversions: A Game Changer for Early Retirees09:22 Tax Loss Harvesting: Turning Losses into Gains14:09 Asset Location: Placing Investments Strategically17:21 Strategic Withdrawal Sequencing: Maximizing Your Retirement Funds20:05 Health Savings Accounts: A Triple Tax Advantage22:40 Conclusion and Next StepsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Retire Now podcast, hosted by Hunter Kelly, high-income earning professionals are guided through the five fastest ways to build wealth. The strategies covered include automating savings and securing employer matches, investing in equities, increasing income, practicing tax efficiency, and starting a business. The episode aims to assist listeners, primarily in their thirties and forties, who are in the wealth accumulation phase, helping them move towards financial independence or early retirement. Listeners are encouraged to share the podcast with friends and leave a five-star review to help spread financial knowledge.00:00 Welcome to the Retire Early Retire Now Podcast00:09 Introduction to Wealth Building Strategies01:43 Automate Your Savings and Get Your Employer Match04:27 Invest in Equities for Faster Growth07:43 Increase Your Income for Greater Wealth10:04 Maximize Tax Efficiency11:50 Start a Business for Exponential Growth14:04 Conclusion and Final ThoughtsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of Retire Early Retire Now, host Hunter Kelly, a certified financial planner, explores the growing trend of semi-retirement among older millennials and younger Gen Xers seeking better work-life balance. He highlights the benefits of semi-retirement, such as increased flexibility, financial independence, mental stimulation, and improved health. Hunter shares practical advice on evaluating your financial situation, assessing career options, planning, and considering healthcare. He also celebrates the second anniversary of his firm, Palm Valley Wealth Management, and emphasizes the importance of designing a fulfilling and balanced life.00:00 Introduction to Semi-Retirement01:25 Celebrating Milestones: Palm Valley Wealth Management02:43 Benefits of Semi-Retirement09:35 Planning for Semi-Retirement15:57 Healthcare Considerations17:11 Embracing Flexibility and ConclusionCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner, discusses the crucial importance of focusing on increasing income rather than obsessing over the rate of return on investments. Aimed at high-income professionals in their thirties and forties, the episode explores how to boost income through negotiating raises, learning new skills, and starting side gigs. Through real-life examples and actionable steps, Kelly shows how enhancing income can have a significantly larger impact on financial growth compared to achieving slightly higher investment returns.00:00 Introduction and Podcast Overview00:18 The Importance of Increasing Income02:21 Why Rate of Return Isn't Everything08:32 Real-Life Examples of Income Growth13:37 Actionable Steps to Boost Your Income20:23 Conclusion and Final ThoughtsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of The Retire Early Retire Now podcast, host Hunter Kelly, certified financial planner, delves into strategies for high-income earners to achieve early retirement in their fifties comfortably and confidently. Key topics include the three essential retirement accounts (employer retirement plans, Roth IRAs, and taxable brokerage accounts), investment strategies balancing growth and stability, diversification, and liquidity. Hunter also discusses tax planning tactics and milestones for those in their thirties, forties, and fifties to stay on track for early retirement. This detailed guide emphasizes the importance of early and aggressive saving, avoiding lifestyle creep, and the need for continuous financial education and planning.00:00 Welcome to The Retire Early Retire Now Podcast00:18 Introduction to Early Retirement Planning01:19 Key Retirement Accounts for Early Retirement07:13 Investment Strategies for Early Retirement13:11 Avoiding Common Investment Traps16:04 Tax Planning for Early Retirement20:47 Laying the Foundation for Early Retirement26:57 Milestones for Your 30s, 40s, and 50s31:07 Conclusion and Next StepsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textTerm vs. Whole Life Insurance: Which is Right for You?In this episode of 'The Retire Early Retire Now' podcast, host Hunter Kelly, a certified financial planner, focuses on the importance of life insurance for high-income earners. Hunter discusses the differences between term life and whole life insurance policies, providing insights into which option might be more suitable based on individual circumstances. He highlights the affordability and flexibility of term life insurance, especially for young professionals, while acknowledging certain scenarios where whole life insurance could be beneficial. Hunter also touches on the financial implications, potential tax benefits, and strategic planning around choosing the right policy. Listeners are encouraged to assess their own needs and consult financial or insurance professionals for personalized advice. The episode is educational and offers practical guidance on maximizing and protecting wealth through appropriate life insurance choices.00:00 Introduction to the Podcast00:14 The Importance of Life Insurance02:18 Understanding Term Life Insurance07:21 Exploring Whole Life Insurance13:43 Comparing Term and Whole Life Insurance16:02 Special Considerations for Life Insurance17:22 Conclusion and Contact InformationCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textTarget Date Funds vs. Custom Investment Allocation: A Deep DiveIn this episode of The Retire Early Retire Now podcast, hosted by Hunter Kelly, a certified financial planner and owner of Palm Valley Wealth Management, listeners are given an in-depth comparison between target date funds and custom investment allocations. After a two-week hiatus due to a busy review season, Kelly discusses the convenience and benefits of target date funds, such as ease of use, automatic rebalancing, and broad diversification. However, he also highlights the limitations for high-income earners, including lack of personalization and tax inefficiency. The episode then explores the advantages of a custom allocation, focusing on personalized asset mixes, cost and tax efficiency, and a deeper understanding of one's financial portfolio. Kelly provides practical advice based on the listener's stage in their investing career and emphasizes the importance of a holistic view of all investment accounts. The episode wraps up with tips for those considering professional financial advice and a call to action to engage with the podcast for further insights.00:00 Introduction and Welcome00:43 Topic Overview: Target Date Funds vs. Custom Investment Allocation02:34 Understanding Target Date Funds06:48 Pros of Target Date Funds12:52 Cons of Target Date Funds18:33 Exploring Custom Investment Allocation21:57 Pros and Cons of Custom Allocation28:45 Recap and Final Thoughts33:15 Conclusion and Call to ActionCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of The Retire Early, Retire Now Podcast, Certified Financial Planner Hunter Kelly dives deep into five powerful, proactive tax planning strategies designed specifically for high-income earners. Stop treating tax planning as a year-end scramble and start maximizing your financial efficiency all year long.Key Topics Covered:Front-Loading Retirement Contributions:How to strategically maximize contributions to 401(k), 403(b), SEP, and Solo-K accounts.Understanding when to choose pre-tax vs. Roth contributions.Balancing cash flow and securing employer matches.Backdoor Roth IRA Conversions:Step-by-step breakdown of the backdoor Roth strategy.Avoiding pitfalls with the Pro Rata Rule.Why converting early in the year reduces tax complexity.Strategies to double Roth contributions for married couples.Optimizing Withholdings and Estimated Taxes:How to avoid IRS penalties and prevent giving the IRS an interest-free loan.Calculating safe harbor numbers and adjusting payments accordingly.Tax-Loss Harvesting Opportunities:Leveraging market volatility to capture investment losses.Reducing tax drag in brokerage accounts.How loss harvesting offsets future capital gains or ordinary income.Maximizing Charitable Contributions:Utilizing Donor Advised Funds for significant upfront tax deductions.Benefits of "bunching" charitable gifts to exceed the standard deduction.Bonus Tip: Family Income Shifting Strategies:How employing family members in your business can lower overall family tax liability.Teaching financial literacy and fostering early retirement savings for children.Additional Resources Mentioned:Episode on Pre-Tax vs. Roth ContributionsEpisode on Direct Index InvestingReady to take control of your tax planning? Schedule a complimentary consultation at PalmValleyWM.com and discover how proactive tax strategies can significantly enhance your financial future.Connect With Us:Subscribe to our YouTube channel for more insightful financial content.Leave a 5-star review and share this episode with anyone aiming to reduce their tax burden.Disclaimer: This podcast is for educational purposes only and should not be considered financial, tax, or legal advice. Please consult a professional advisor regarding your specific situation.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textNavigating Pension Choices: Lump Sum vs Monthly PaymentIn this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly, a Certified Financial Planner (TM)  from Palm Valley Wealth Management, discusses the crucial decision for those with pensions on whether to take a lump sum or monthly payment. With pensions becoming rare, Hunter examines factors like life expectancy, risk tolerance, investment potential, and tax implications in making this decision. He also shares a real client case study to illustrate the considerations involved. This episode equips high-income professionals with the knowledge to make informed retirement choices.00:00 Introduction to the Podcast00:16 The Decline of Pensions00:55 Pension Payment Options03:04 Calculating Your Pension05:17 Client Case Study: John and Jane06:38 Key Factors to Consider08:22 Breakeven Point Analysis12:35 Final Thoughts and Advice14:17 Conclusion and DisclaimersCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Retire Now podcast, Hunter Kelly, a certified financial planner and owner of Palm Valley Wealth Management, discusses the five essential financial benchmarks to achieve by age 50. The episode builds on last week's discussion about financial goals for age 40 and is geared towards high-income earners such as physicians and attorneys. Key areas covered include saving six to eight times your annual income for retirement, eliminating consumer debt, maximizing retirement contributions, diversifying investments, and securing an estate plan. Additionally, Hunter emphasizes the importance of long-term investment strategies amid market uncertainties and offers practical advice on how to stay financially on track.00:00 Welcome to the Retire Early Retire Now Podcast00:14 Introduction to Financial Benchmarks by Age 5001:14 Market Insights and Long-Term Investment Strategy02:46 Benchmark 1: Retirement Savings Goals07:35 Benchmark 2: Eliminating Consumer Debt10:54 Benchmark 3: Maximizing Retirement Contributions12:52 Benchmark 4: Diversifying and Managing Investments19:45 Benchmark 5: Importance of Estate Planning24:49 Recap and Final ThoughtsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, certified financial planner and Palm Valley Wealth Management owner Hunter Kelly discusses the financial goals high-income earners should aim to meet by age 40. He explores benchmarks such as creating and tracking a financial plan, building an emergency fund, reducing consumer debt, saving three to five times annual income for retirement, and investing outside of retirement accounts. Kelly also offers actionable steps, including automating finances, prioritizing tax efficiency, increasing income, and avoiding lifestyle creep, to help listeners achieve these goals and gain financial flexibility in their 40s.00:00 Introduction to Retire Early Retire Now Podcast00:21 Challenges of the Thirties01:55 Setting Financial Benchmarks for Age 4005:01 Goal 1: Have a Financial Plan08:32 Goal 2: Build an Emergency Fund11:46 Goal 3: Eliminate Consumer Debt16:25 Goal 4: Save for Retirement20:22 Goal 5: Invest Outside Retirement Accounts25:01 Actionable Steps to Achieve Financial Goals33:03 Conclusion and Final ThoughtsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of 'Retired Early, Retired Now,' Hunter Kelly, a certified financial planner, introduces a unique investment strategy known as direct index investing. This strategy, historically accessible only to the ultra-wealthy, is now more widely available due to advancements in technology and zero trading fees. Hunter explains how direct index investing allows for significant tax efficiency through tax loss harvesting and customization. The episode elaborates on the criteria for effective use, such as high-income brackets, concentrated stock holdings, and charitable giving, and emphasizes the importance of professional advice for managing the complexity of this strategy. Ideal for high-income earners, the conversation provides valuable insights into minimizing tax liabilities and boosting long-term wealth.00:00 Introduction to Unique Investment Strategy00:34 Understanding Direct Index Investing01:45 Tax Efficiency in Brokerage Accounts04:06 Benefits of Direct Index Investing13:10 Managing a Direct Index Portfolio16:41 Criteria for Direct Index Investing21:08 Conclusion and Final ThoughtsDimensional Advisors Research PaperCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textHow US Tariffs Could Impact Your Financial Goals | Retire Early, Retire NowThe latest news on U.S. tariffs has many professionals and high-income earners asking: How will this impact my investments, retirement, and financial future? In this episode, Certified Financial Planner Hunter Kelly explains how tariffs work, their historical role in the U.S. economy, and the potential pros and cons for your portfolio, inflation, and overall market stability. Whether you're an investor, business owner, or just want to stay informed, this episode provides clear, actionable insights to help you navigate economic uncertainty.

Send us a textSmart Car Buying: Financial Tips for Maximizing WealthIn this episode of Retire Early Retire Now, Hunter Kelly, a certified financial planner, discusses essential financial strategies for car purchasing. He covers how to avoid lifestyle creep and over-purchasing, setting guidelines like the 20-4-10 rule—putting 20% down, financing for under four years, and keeping total car expenses under 10% of monthly income. Hunter addresses paying cash vs. financing and highlights the importance of maintaining liquidity and saving for investments. Real-life examples and practical advice help viewers make informed decisions about buying cars while continuing to build wealth.00:00 Introduction to Smart Car Buying01:06 Determining Your Car Budget03:42 Financing vs. Paying Cash05:21 Depreciation and Car Value09:33 Real-Life Client Example12:21 Pros and Cons of Financing14:49 Final Takeaways and Advice This Podcast is for educational purposes only. . It's not meant to be financial insurance or tax advice. Please seek a financial professional  when thinking about your own situation and do not make decisions solely based on this podcast.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textHunter Kelly, a certified financial planner, delves into the top five detrimental financial decisions that can significantly hinder one's financial journey, especially for high-income earners like physicians and attorneys. He discusses the pitfalls of living beyond your means, the importance of starting to invest early, the necessity of tax planning, having a proper estate plan, and protecting income and assets through insurance. Real-life examples and practical tips are shared to help listeners avoid these common mistakes and stay on the fast track to financial independence.00:00 Introduction to Financial Pitfalls01:35 The Danger of Living Beyond Your Means06:34 The Cost of Delaying Investments08:59 The Importance of Tax Planning11:44 Why You Need an Estate Plan14:01 Protecting Your Income and Assets17:20 Conclusion and Final ThoughtsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textMastering Public Service Loan Forgiveness for DoctorsIn this episode of 'Retire Early, Retire Now,' host and certified financial planner Hunter Kelly dives deep into the specifics of Public Service Loan Forgiveness (PSLF) for high-income professionals such as doctors, attorneys, and other eligible professions. He discusses eligibility criteria, the types of loans that qualify, necessary repayment plans, and the importance of certification and documentation. Hunter also highlights the benefits of PSLF, including tax-free loan forgiveness and flexible payments during residency, while cautioning against common pitfalls such as neglecting certification and switching to non-qualifying repayment plans. The episode underscores the enormous financial impact PSLF can have, potentially forgiving hundreds of thousands of dollars in student debt, and provides actionable steps for professionals to enroll and stay on track. For personalized advice, listeners are encouraged to reach out to Hunter Kelly via his website.00:00 Introduction to Public Service Loan Forgiveness (PSLF)01:18 Understanding PSLF Eligibility03:26 Qualifying Employers for PSLF05:00 Making Qualified Payments08:53 Benefits of PSLF for Doctors10:52 How to Enroll in PSLF13:11 Common Pitfalls to Avoid15:18 Closing Thoughts and Final AdviceCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Retire Now podcast, host Hunter Kelly, a Certified Financial Planner, delves into strategies to manage student loan debt for high-income earners, particularly new doctors and attorneys. He discusses the importance of understanding the landscape of student loans, including federal and private loans, interest rates, and repayment statuses. The episode covers income-driven repayment plans, public service loan forgiveness, and loan consolidation or refinancing options. Hunter also emphasizes balancing debt repayment with other financial goals such as retirement savings and building an emergency fund, and offers practical tips for paying off debt faster. He encourages listeners to live modestly post-residency and automate payments to achieve financial freedom more efficiently.00:00 Introduction to the Podcast01:27 Understanding Student Loan Debt03:45 Federal Loan Repayment Strategies04:59 Public Service Loan Forgiveness Overview06:16 Loan Consolidation and Refinancing10:10 Balancing Debt with Financial Goals14:27 Practical Tips for Faster Debt Repayment16:52 Conclusion and Next StepsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textCan New Doctors Afford a Million Dollar Home? | Retire Early, Retire Now PodcastIn this episode of the 'Retire Early, Retire Now' podcast, host Hunter Kelly of Palm Valley Wealth Management presents a case study featuring Dr. John and Janice Brown. This physician couple, earning a combined income of $625,000, wants to know if they can purchase a million-dollar home while still aiming to retire by age 55. Hunter walks through their financial situation, analyzing their assets, liabilities, savings, and cash flow, and provides valuable insights on budgeting, debt management, and investment strategies. This episode is for educational purposes only and encourages listeners to seek professional financial advice for their personal situations.00:00 Introduction to the Podcast00:57 Meet Dr. John and Janice Brown01:26 Financial Goals and Initial Questions02:12 Investment and Financial Planning03:22 Understanding Net Worth09:18 Five-Year Cash Flow and Savings Strategy11:54 Home Buying Considerations19:45 Conclusion and Final ThoughtsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Retire Now podcast, host Hunter Kelly from Palm Valley Wealth Management dives into all things taxes to help you prepare for the 2024-2025 tax season. Learn how to organize and manage essential tax documents including W2s, 1099s, K1s, and more. Discover common income-related documents, tips for staying organized, and the importance of communication with your CPA and financial advisor. Whether you're a high-income earner with complex tax situations or someone filing simple returns, this episode is packed with valuable insights to minimize errors, avoid penalties, and optimize your financial planning.00:00 Welcome to the Retire Early Podcast01:14 Importance of Tax Organization02:28 Common Income-Related Documents08:50 Business and Real Estate Tax Documents11:52 Tips for Staying Organized14:32 Conclusion and Final AdviceCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly, a certified financial planner and owner of Palm Valley Wealth Management, reintroduces himself and the mission of the podcast. Aimed at simplifying financial planning for high-income earners, especially physicians and attorneys, the episode covers essential financial strategies to undertake at the beginning of the new year. Topics include reassessing financial goals, tracking net worth, adjusting savings rates, optimizing investments, reviewing insurance, and planning for major expenses. Hunter offers practical tips on using technology for better financial management and emphasizes the importance of periodic check-ins to ensure financial goals are met.00:00 Welcome to the Retire Early Podcast00:31 Introduction and Podcast Mission01:53 Five Financial Planning Checklist Items for High Income Earners02:47 Checklist Item 1: Reassess Your Financial Goals12:02 Checklist Item 2: Review Your Tax Strategies14:39 Checklist Item 3: Optimize Your Investments18:24 Checklist Item 4: Review Your Insurance19:14 Checklist Item 5: Plan for Major Expenses23:04 Conclusion and Call to ActionCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textTax-Efficient Charitable Giving Strategies | Retire Early & Maximize ReturnsIn this Christmas Eve episode of the Retire Early Return Out Podcast, hosted by Hunter Kelly of Palm Valley Wealth Management, explore four tax-efficient ways to donate to your favorite charities. Learn about donor-advised funds, qualified charitable distributions (QCDs), donating appreciated assets, and charitable trusts. Discover how these strategies can help you meet your financial goals and maximize your tax deductions. Hunter also invites listeners to share their favorite charities on YouTube. Note: This podcast is for educational purposes only and not a substitute for professional advice.00:00 Welcome to the Retire Early Podcast00:06 Introduction to Tax-Efficient Giving01:13 Donor Advised Funds Explained04:35 Qualified Charitable Distributions (QCDs)07:40 Gifting Appreciated Assets08:47 Understanding Charitable Trusts15:34 Conclusion and Holiday WishesCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textMaximizing Tax Efficiency through Roth ConversionsIn this episode of the Retire Early Retire Now podcast, host Hunter Kelly, owner of Palm Valley Wealth Management, discusses the nuances of Roth conversions as an advanced tax planning tool. The episode covers the importance of timing and strategy in minimizing lifetime tax liabilities, particularly for high-income earners. Key points include understanding the process of converting pre-tax retirement funds to Roth accounts, evaluating tax brackets, and navigating potential pitfalls. Hunter also addresses how Roth conversions can be integrated with other tax strategies and estate planning for optimal financial flexibility. Practical tips for implementation and the role of financial professionals in this process are highlighted.00:00 Introduction to Roth Conversions03:26 Why Consider Roth Conversions?05:56 Key Factors and Considerations09:59 Roth Conversion Scenarios and Strategies20:07 Potential Drawbacks and Pitfalls23:02 Practical Tips for Implementation24:42 Palm Valley Wealth Management Approach27:48 Conclusion and Next StepsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode, we welcome back Danny White for the second part of our discussion on health insurance for business owners. Due to some technical difficulties last week, we're delivering this bonus episode to you. We dive deep into strategies for offering health insurance, from pre-tax contributions to the different types of insurance plans like fully insured, level funding, and self-funding through captives. Danny explains how businesses, especially in Florida, can navigate the health insurance landscape, the role of brokers, and how to maximize employee benefits while managing costs. Essential viewing for business owners looking to enhance their employee benefits packages and improve their bottom line. 00:00 Introduction and Technical Difficulties00:36 Health Insurance for Business Owners01:06 Understanding Employee Benefits Packages02:08 Choosing the Right Health Insurance Plan05:08 Employer Contributions and Cost Management11:11 Level Funding and Claims Data19:59 Self-Funding and Captives27:18 Conclusion and Additional ResourcesCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Return Out podcast, host Hunter Kelly from Palm Valley Wealth Management delves into one of the most common financial questions: 'Should you contribute to a pre-tax or Roth 401k, or a traditional IRA versus a Roth IRA?' Hunter discusses the basics and differences between these contribution types, factors to consider when making a decision, and how your current and future tax brackets impact your choice. Real-world examples and practical steps on evaluating and planning your retirement contributions are provided to help you optimize your financial strategy. Hunter emphasizes the importance of seeking professional financial advice tailored to individual circumstances.00:00 Welcome to the Retire Early Podcast00:27 Understanding Pre-Tax vs. Roth Contributions01:12 Tax Implications and Strategies04:56 Employer Match and Tax Flexibility11:34 Real-World Scenarios and Examples20:20 Practical Steps for Financial Planning22:44 Conclusion and Next StepsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a text5 Essential Tax Basics for High-Income EarnersIn this episode of the Retire Early Retire Now Podcast, host Hunter Kelly, owner of Palm Valley Wealth Management, discusses five key tax concepts every high-income earner should understand. Hunter emphasizes the importance of knowing about marginal and progressive tax rates, capital gains taxation based on holding periods, the difference between deductions and credits, and the taxation of bonuses. The episode aims to help listeners reduce their tax liabilities and better manage their finances as they approach tax season.00:00 Introduction to the Podcast00:27 Sharing and Reviewing the Podcast01:14 Understanding Marginal Taxes06:23 Progressive Tax System Explained07:46 Capital Gains and Tax Timing10:22 Deductions vs. Credits14:04 Taxation of Bonuses15:56 Summary and ConclusionCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly from Palm Valley Wealth Management discusses strategies for closing out the year and reenergizing for 2026. With Thanksgiving and other holidays approaching, it's a good time to focus on essential aspects like gratitude, reconnecting with loved ones, and valuing experiences over material possessions. Hunter emphasizes the importance of reflecting on positive experiences and relationships, highlighting how these elements can provide energy and fulfillment. He encourages listeners to give experiential gifts and spend meaningful time with people they care about. Although guest Danny White could not join due to technical issues, the episode remains timely and relevant.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly of Palm Valley Wealth Management emphasizes that investment and portfolio management, while often perceived as the bulk of a financial advisor's duties, are actually a smaller segment. Key themes include the importance of understanding personal financial goals, cash flow, risk tolerance, tax planning, and asset allocation before constructing a portfolio. Hunter discusses the significance of personal rate of return over arbitrary benchmarks and details how to make investments tax-efficient. He encourages listeners to focus on their unique financial needs rather than market trends or media hype. The episode ends with an invitation for listeners to suggest topics and schedule personalized consultations.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early, Retire Now' podcast, Host Hunter Kelly of Palm Valley Wealth Management converses with attorney Haley Yackey from Coleman Talley, LLP about essential aspects of estate planning. They discuss the importance and intricacies of estate planning, including creating wills, healthcare directives, and power of attorney documents. Haley elaborates on safeguarding wealth through trusts, ensuring minors are cared for, and addressing family disputes over inheritances. They also touch on the upcoming changes in estate tax exemptions and strategies for gifting assets. Haley emphasizes communication and proactive planning to avoid conflicts, and they discuss the option of corporate trustees for managing trusts. The episode concludes with Haley sharing her contact information for those needing estate planning assistance in Georgia and Florida.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textThe podcast features host Hunter Kelly, owner of Palm Valley Wealth Management, and guest Danny White from 212 Benefits. They provide an in-depth discussion on selecting the best health insurance plans during the open enrollment period using Mayo Clinic's open enrollment packet as a reference. They also explain the importance of understanding key health insurance terms like deductible, max out-of-pocket, co-pay, co-insurance, HMO, and PPO. Additionally, they cover voluntary benefits such as critical illness, accident, and hospital insurance, including how these can help offset high medical costs. The episode aims to help listeners make informed decisions about health plans based on their specific situations, including significant life changes. It also touches on strategies for mitigating healthcare costs and the role of benefit brokers for business owners.Danny's Previous EpisodeCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly dives into advanced tax strategies for individuals and business owners, aimed at boosting wealth and financial stability. The episode covers an array of topics including the utilization of 401(k) plans, Health Savings Accounts (HSAs), and donor-advised funds, as well as strategies like tax loss harvesting and qualified charitable distributions for those over 75. Small business owners are advised on the benefits of electing S-corporation status and the Qualified Business Income (QBI) deduction, along with a focus on meticulous documentation and professional advice. The importance of long-term tax planning with the assistance of financial advisors is emphasized throughout. The episode wraps up with a teaser for next week's discussion on investments Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Retire Now podcast, host Hunter Kelly of Palm Valley Wealth Management covers fundamental aspects of the tax code. The discussion spans the progressive nature of income taxation, the roles of marginal and effective tax rates, and the additional costs of Social Security and Medicare taxes. It explains the differences in tax responsibilities between employees and self-employed individuals, emphasizing the importance of accurate tax withholding and the strategic planning of quarterly tax payments. Key tax terminologies, such as gross income, adjusted gross income (AGI), deductions, and credits, are explored alongside common forms like W2s and 1099s. The episode aims to empower listeners with the knowledge to optimize financial management and long-term goal achievement by legally minimizing tax liabilities. Listeners are encouraged to follow and share the podcast to deepen their understanding of these critical financial topics.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textThis Podcast Episode provides a detailed roadmap for retirement planning tailored to different age groups, emphasizing the importance of starting early and adapting strategies over time. For those in their twenties, it highlights building an emergency fund, leveraging employer 401k matches, and choosing Roth contributions for tax benefits. Individuals in their thirties and forties should focus on saving a significant portion of their salary, avoiding lifestyle inflation, and diversifying their investments. The script underscores the need for maximizing retirement contributions and using brokerage accounts for tax efficiency and flexibility before age 59 ½. It offers insights on managing pre-tax, Roth, and after-tax assets while reducing debt and reassessing investment risk tolerance for those nearing retirement. Additionally, it advises on the strategic timing of Social Security benefits and understanding required minimum distributions (RMDs) for individuals in their sixties and beyond.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, Hunter Kelly, owner of Palm Valley Wealth Management, discusses crucial financial planning benchmarks. Emphasizing the importance of tracking these metrics, he covers savings rate, liquidity rate, debt-to-income ratio, retirement contributions, net worth growth, tax efficiency, and credit score. Hunter explains how to calculate and improve these metrics, providing practical examples and strategies, such as increasing income, effective budgeting, and optimizing tax efficiency. He also mentions the significance of insurance coverage and offers services to help clients manage and improve their financial health.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now Podcast,' host Hunter Kelly, owner of Palm Valley Wealth Management, introduces the 'Palm Valley Pathway,' his unique financial planning process. He outlines the importance of financial planning awareness, especially during Financial Planning Awareness Month in October. Kelly elaborates on the steps of the Palm Valley Pathway, which includes exploration, organization, optimization, implementation, and review stages to help clients achieve their financial goals. He emphasizes the difference between financial planners and insurance salespeople, reflects on his journey into financial planning, and offers practical tips on organizing financial information using aggregator tools. The episode serves as an educational resource aimed at enhancing listeners' financial situations.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Readout Podcast, host Hunter Kelly discusses how elections influence financial markets and offers education on maintaining investment strategies amidst volatility. Highlighting historical patterns, he explains that markets tend to perform positively during election years despite increased short-term volatility due to policy uncertainties. He advises long-term investors to stay the course and continue regular contributions, while those nearing retirement should consider holding more cash. Additionally, Hunter emphasizes the importance of maintaining a diversified portfolio and seizing investment opportunities that arise during volatile periods. The episode concludes by reminding listeners to avoid emotional investment decisions and to seek professional financial advice if necessary.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Retirement Podcast, host Hunter Kelly, owner of Palm Valley Wealth Management, discusses the implications of the Federal Reserve lowering interest rates. The podcast covers how rate changes affect the economy, markets, personal finances, and investment decisions. Listeners are guided on considerations for refinancing mortgages, evaluating student loans, and adjusting investment portfolios in response to changing rates. The podcast emphasizes the importance of methodical decision-making and consulting financial advisors for personalized advice during these economic shifts.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now Podcast,' host Hunter Kelly, owner of Palm Valley Wealth Management, aims to debunk common myths about Limited Liability Companies (LLCs). The discussion covers five key myths, including the misconceptions that LLCs offer absolute liability protection, automatically save taxes, are only for small businesses, are complicated to set up, and do not require operating agreements for single-member entities. Kelly emphasizes the need for accurate information and the importance of consulting with legal and tax professionals for personalized advice. The episode includes practical tips on setting up an LLC, such as naming the entity, appointing a registered agent, and obtaining necessary permits and licenses.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly from Palm Valley Wealth Management discusses essential tax-saving strategies and deadlines to consider before the year ends. Topics covered include maximizing 401k and IRA contributions, Roth IRA conversions, required minimum distributions (RMDs), capital gains or losses harvesting, utilizing flexible spending accounts (FSA), and donor-advised funds for charitable giving. The host emphasizes the importance of preparing early to avoid last-minute issues and provides advice on rebalancing investments and managing tax withholdings. He also introduces tax-saving tools and services offered by Palm Valley Wealth Management.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a Text Message.In this episode of the Retire Early Retire Now podcast, host Hunter Kelly from Palm Valley Wealth Management discusses retirement strategies tailored for high-income earners. The discussion focuses on the 'three buckets' strategy, which involves utilizing taxable, Roth, and pre-tax accounts to effectively manage taxes and savings. Key points include understanding the challenges unique to high-income earners, benchmarks for savings, the importance of diversifying investments, and various tax-advantaged accounts such as HSAs and non-qualified deferred compensation plans. The episode also highlights common pitfalls to avoid, the importance of regular plan reviews, and ends with advice on charitable giving strategies. Listeners are encouraged to seek professional help if needed and to stay educated on best practices for financial planning.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a Text Message.In this episode of the Retire Early Retire Now podcast, host Hunter Kelly, addresses the topic of lifestyle creep—the gradual increase in spending as income increases, particularly affecting high-income earners. He explores how to identify lifestyle creep, its detrimental long-term effects on financial goals, and practical strategies to mitigate it. Suggestions include setting clear financial goals, automating savings, practicing mindful spending, avoiding debt, and revisiting financial plans periodically. The episode underscores the importance of aligning spending with long-term financial objectives to prevent lifestyle creep from undermining financial independence.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a Text Message.This Episode discusses the importance of balancing short-term and long-term financial goals. He covers identifying and prioritizing these goals, the trade-offs between them, and strategies to achieve them. He emphasizes values-driven planning, automating savings, and potentially hiring a professional for accountability and expertise. Practical advice on budgeting, debt management, and investment considerations are also provided to help listeners achieve financial stability and independence.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a Text Message.In the 40th episode of 'Retire Early Retire Now,' host Hunter Kelly from Palm Valley Wealth Management addresses a listener's question regarding whether to repair or replace a car. The listener is facing a costly AC repair his car. Hunter provides a comprehensive analysis, considering factors such as car age, mileage, repair costs versus car value, and financial circumstances. He also offers practical guidelines for purchasing a new car if needed. The podcast is aimed at helping physicians and attorneys make informed financial decisions to retire early or now.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a Text Message.In the 39th episode of 'Retire Early, Retire Now,' host Hunter Kelly from Palm Valley Wealth Management discusses the 'Three Buckets Strategy' to help attorneys and physicians achieve career longevity and flexibility. Hunter addresses how to build financial resilience through three key financial buckets: emergency savings, long-term retirement accounts, and a flexible brokerage account for large purchases or time off. He emphasizes the importance of taking periodic breaks to prevent burnout and offers practical advice on managing finances for a better work-life balance. The episode is designed to guide professionals in making informed financial decisions to improve their quality of life and career satisfaction.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a Text Message.In the 38th episode of 'Retire Early Retire Now,' host Hunter Kelly from Palm Valley Wealth Management discusses various financial planning strategies to help physicians minimize their tax liabilities. The episode emphasizes maximizing retirement accounts, such as 401(k)s, 403(b)s, SEP IRAs, and HSAs, to save on taxes. Kelly also touches on tax-efficient investment strategies, asset location, and the importance of tax loss harvesting. Additionally, he encourages consulting financial professionals for personalized advice and highlights the services offered by Palm Valley Wealth Management.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

In this episode, Hunter discusses the process of getting life insurance, what to consider when determining the amount, types of insurance, and what to look out for. https://www.nerdwallet.com/article/insurance/average-life-insurance-ratesCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

In the 36th episode of 'Retire Early, Retire Now,' host Hunter Kelly from Palm Valley Wealth Management discusses the importance of protecting one's income, particularly for high-earning professionals like physicians and attorneys. The episode covers the significance of disability insurance to safeguard one's earning potential in case of an injury or disability. Hunter explains the types of disability insurance, including short-term and long-term policies, and delves into group versus individual policies. The episode also touches on crucial elements such as benefit riders, underwriting processes, and considerations for choosing the duration of coverage. Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

In the 35th episode of the 'Retire Early Podcast,' hosted by Hunter Kelly of Palm Valley Wealth Management, the focus is on providing financial advice to new physicians transitioning from residency to attending physician roles. The episode outlines ten critical tips for managing new income, debt repayment, budgeting, investing, and insurances, offering strategies like reverse budgeting, automating savings, understanding student loans, evaluating housing options, negotiating salaries, and planning for taxes and estate needs. Emphasis is placed on optimizing these factors to ensure long-term financial goals and stability.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

The Episode discusses the importance of utilizing 401k and 457B retirement accounts for physicians looking to retire early. It covers the differences between the two accounts, strategies for maximizing contributions, potential tax implications, and the benefits of diversifying investment options. Hunter emphasizes the advantages of 457B for early retirement and provides guidance on navigating the nuances of these retirement plans.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

The Episode discusses the question of whether it is worth paying a financial advisor 1% fee, diving into the complexities of investment portfolios, fees, advisor services, and value provided. Hunter provides insights into the considerations of fees, investment strategies, diversification, flexibility, and the broader range of services financial advisors offer beyond managing investments.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

The episode features a conversation between host Hunter Kelly and real estate expert Amanda Romeo from Game Changer Realty. They discuss Amanda's career transition, the intricacies of real estate transactions, the importance of relationships in real estate, tips for sellers to make their homes marketable, the importance of home inspections for buyers, and the impact of a recent lawsuit on real estate commissions.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify