Podcasts about Your Money

Feel like you're drifting through life on autopilot? This episode will snap you awake. In this AMMA edition of The Game Changing Attorney Podcast, Michael and Jessica Mogill tackle three deeply personal questions around identity, distraction, purpose, and reinvention. From the erosion of our collective attention span to the fear of starting over in your 40s, 50s, or 60s, this episode explores why so many high achievers reach a point where they look around and wonder how much of their life reflects their choices versus someone else's expectations. With candid stories, tough-love truths, and practical reframes, Michael and Jessica break down how to reclaim your time, rediscover who you are, and redefine what comes next. Here's what you'll learn: How constant distraction is destroying presence, relationships, and creative thinking, and what it takes to rebuild your attention Why it is never too late to pivot, rediscover your identity, or pursue something that truly lights you up What successful attorneys actually do in retirement and why some people struggle to walk away from the work that defines them If you have ever questioned who you are, where you are going, or what you truly want, this episode will remind you that it is never too late to rewrite your story. ---- 02:34 — Michael describes the collapse of human attention and why people are no longer present in their own lives 03:04 — How constant phone use destroys meaningful connection, even during everyday moments like dinner 05:39 — The moment Michael realized technology was reshaping his kids' habits and what happened when he took the iPad away 06:49 — A challenge for listeners: try an entirely phone-free Thanksgiving and notice how differently you feel 09:58 — Why people wake up realizing they've built a life based on expectations instead of their own desires 12:14 — You are not starting over. You are pivoting with decades of experience and wisdom 16:23 — The danger of retiring without purpose and why people fall apart when they have nothing meaningful to do 17:31 — What Michael would do if he could “burn it all down” and start something completely new, and why he chooses not to ---- Links & Resources: Die With Zero: Getting All You Can from Your Money and Your Life by Bill Perkins Jensen Huang ---- Do you love this podcast and want to see more game changing content? Subscribe to our YouTube channel. ---- Past guests on The Game Changing Attorney Podcast include David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O'Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more. ---- If you enjoyed this episode, you may also like: 384. Break the Mold: The Blueprint for Radical Reinvention with Todd Herman 331. AMMA — Failure to Reflect is Failure to Grow: The Brutal Truth About Staying Stuck 237. AMMA — Breaking Out of Complacency: Transformation Through Innovation

In a world filled with alarming headlines, market swings, and nonstop economic commentary, how can you stay financially grounded? In this episode of You and Your Money, WHZ Senior Partner and Chief Investment Officer Laurence Hale joins host Gary to break down how to separate media noise from meaningful financial insight.From the ongoing government shutdown and shifting tariff policies to inflation updates, rate cuts, and market volatility, Laurence explains why the most attention-grabbing stories often lack the context needed for good decision-making. He uncovers what's really happening beneath the headlines—and why long-term planning, discipline, and emotional awareness matter far more than day-to-day market moves.Listeners will learn:Why markets often behave differently than the headlines suggestHow tariff announcements, shutdowns, and rate decisions actually impact investorsThe difference between volatility and true long-term riskHow behavioral finance shapes our reactions—and how to avoid costly emotional decisionsWhy “time in the market” consistently beats “timing the market”The three questions to ask yourself before reacting to any financial news storyLaurence also shares practical guidance on navigating uncertainty, including how a written financial plan can act as an anchor during turbulent times.If you want to worry less, plan smarter, and keep your financial life on track no matter what's in the news cycle, this episode will give you clarity—and confidence.- Subscribe to the You and Your Money podcast- Follow us on Facebook, Instagram, LinkedIn and YouTube- See how we can create a tailored financial strategy to help you live with Absolute Confidence, Unwavering Partnership, For Life: whzwealth.com

Joe Anderson, CFP® and Big Al Clopine, CPA spitball Roth conversions, capital gains, and retirement readiness from every angle, today on Your Money, Your Wealth® podcast number 556. Joe Momma from Virginia wants to know if his zero percent capital-gains strategy is too good to be true, if he can trust his advisor, and if it's finally time to start converting to Roth. David in Poway is already converting his IRA to Roth, but should they convert his wife Shannon's too? Thomas wonders when in retirement to finally start using the Roth money he's saved, instead of just admiring it. And Lizzy and Billy from Texas want to know if $3.5 million is enough for them to retire in 7 years at ages 62 and 65. Free Financial Resources in This Episode: https://bit.ly/ymyw-556 (full show notes & episode transcript) 2025 Tax Planning Guide - free download Escape These 11 Tax Traps and You'll Save in Retirement - YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter   Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings   Chapters: 00:00 - Intro: This Week on the YMYW Podcast 00:46 - Keep 0% Capital Gains or Convert to Roth? Should I Trust My Advisor? (Joe Momma, VA) 12:03 - I'm Converting My IRA to Roth. Should We Convert My Wife's IRA Too? (David & Shannon, Poway, CA) 17:39 - How to Use Roth IRA Money in Retirement (Thomas) 25:34 - Can We Retire at in 7 Years at 62 and 65 on $3.5M? (Lizzy and Billy, TX) 29:33 - Outro: Next Week on the YMYYW Podcast

Join host Kelly Mould and AVP Branch Manager, Brittany Sparks as they discuss building a healthy financial mindset for young professionals. They explore topics like identifying financial priorities, navigating social pressures and creating a sustainable financial future. Tune in for practical advice on developing a mindful approach to money management and achieving long-term financial stability. Submit a question on Your Money. Your Mission.

In this repost episode of the Awake & Winning Podcast, Kaylor Betts sits down with investor and educator Jason Graystone (host of Always Free Podcast) to rip apart the myths of "financial freedom." They draw a hard line between owning a business and buying yourself a job, unpack the two stages of freedom (independence → autonomy), and get practical about building assets, systems, and delegation so income isn't tied to your hours. Kaylor challenges listeners to create purpose through service instead of endlessly "finding" it, while Jason lays out money habits that turn surplus cash into investments you can sleep on. They also tackle imposter syndrome (why it's a growth signal), fair exchange, and optimizing for fulfillment over vanity metrics. If you're ready to reclaim your time, scale with leverage, and build wealth that supports your mission, this replay is your blueprint.   Episode Highlights: financial freedom, money mindset, entrepreneurship, passive income, delegation, investing, Bitcoin, purpose, imposter syndrome, fulfillment, service, freedom, mindset shifts       Takeaways: Financial freedom has two stages: independence and autonomy Buying yourself a job isn't entrepreneurship Master delegation and automation to scale your time Passive income means one hour of work per year for returns Build assets and systems before chasing new ideas Serve others first — fulfillment fuels financial growth Stop pedestalizing money and define enough for you     If this episode lit a fire under you, don't keep it to yourself. Screenshot it, throw it up on Instagram, and tag @thekaylorbetts or@bettsnation so we can share the love. And hey, if you're vibing with the show, take 30 seconds to drop us a 5-star review, it helps us reach more freedom-loving legends like you.   _____________________________   RESOURCES & LINKS MENTIONED IN THIS EPISODE:   Instagram | https://www.instagram.com/j_graystone Facebook | http://facebook.com/j_graystonet1t YouTube | https://www.youtube.com/channel/UCCDu1S_OmR5XtM-AzL-_U1Q X | ​​https://x.com/jasongraystone Websites | https://www.jasongraystone.com/ Podcast | https://www.alwaysfreepodcast.com Book | Die With Zero: Getting All You Can from Your Money and Your Life by Bill Perkins _____________________________   SPONSORS: Truly Tallow | https://www.trulytallow.com/ Use code "SUNNYBALLS10" at checkout for 10% off your order _____________________________   IMPORTANT UPDATES:   Join the Betts Nation | https://bettsnation.ca/biz-kb/  Follow Kaylor on Instagram | https://www.instagram.com/thekaylorbetts/ Follow Betts Nation on Instagram | https://www.instagram.com/bettsnation/  Join Kaylor's Newsletter | https://awakeandwinning.lpages.co/optin/ _____________________________  

In this episode of The Above Board Podcast, John talks with Shellee Howard, college planning expert, founder of College Ready, and author of How to Send Your Student to College Without Losing Your Mind or Your Money. Shellee shares how families can navigate the college process with confidence by finding the right school, minimizing debt, and making smart decisions from start to finish. Whether your student is a freshman or a senior, this conversation will help you plan with purpose and peace of mind. Learn more at www.collegereadyplan.com Get Shellee's book: How To Send Your Student To College Without Losing Your Mind or Your Money   00:18 Meet Shelly Howard: College Planning Expert 01:17 Shelly's Personal Journey into College Planning 02:56 Building a Strategy for College Planning 06:48 The Importance of Passion and Purpose 12:01 Challenges Faced by High School Counselors 16:49 Empowering Students to Make Big Decisions 23:04 Starting College Planning Early 27:39 Financial Planning for College 28:54 The Importance of GPA and Test Scores 29:59 Creating a Unique Test Strategy 31:03 Maximizing Scholarships Through PSAT 31:45 Community Service and Passion with Purpose 33:39 The Role of Athletics and Extracurriculars 39:54 Understanding Different Buckets of Money 41:13 Negotiating College Scholarships 42:53 The Student Aid Index and FAFSA Insights 48:01 Wrapping Up and Additional Resources

On this episode of The Dentist Money Show, Carl Richards, CFP®, author of Your Money, joins Ryan to explore the emotional side of money and why even smart, successful people struggle to talk about it. They discuss how emotions influence financial decisions, why simplicity often beats complexity, and how understanding your values can lead to more meaningful money choices. Carl shares insights from his new book, "Your Money: Reimagining Wealth in 101 Simple Sketches," which uses simple sketches to inspire deeper human conversations about money. You can order Carl's new book here! If you would like to order in bulk, you can receive a 5% discount by using the code YourMoney5 at checkout here! Learn more about the Dentist Money Launchpad Program, join the waitlist to learn everything you didn't learn about money in dental school through a series of live courses built exclusively for D4s and recent grads! Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

Find out what's been happening in the financial markets with this quick rundown from WHZ Senior Partner and Chief Investment Officer Laurence Hale.- Subscribe to the You and Your Money podcast- Follow us on Facebook, Instagram, LinkedIn and YouTube- See how we can create a tailored financial strategy to help you live with Absolute Confidence, Unwavering Partnership, For Life: whzwealth.com

In this episode on Certificates of Deposit (CDs) as investments, we talk about the nuanced decision-making involved in purchasing CDs and whether or not CDs are good investments, particularly in a rising interest rate environment, and we explain why interest rates are the only factor you need to consider. Wealth creation isn't solely dependent on CD rates, and we need to consider the impact of inflation and interest rates to gain a comprehensive financial perspective. The episode also explores how government strategies to combat inflation by adjusting interest rates impact not only investors, but also shape the attractiveness of CDs as an investment option. In a rising interest rate environment, buying CDs may seem like a good idea but it depends on your needs and goals. Wealth isn't created by buying a CD based on a rate. It's created by understanding why the rate may not be all that important. Banks look at what is known as the federal funds rate, also known as a benchmark rate. This is the rate banks charge one another to borrow money overnight that's needed to maintain reserve requirements. Upstream in the decision making process is the Federal Open Market Committee or FOMC, who meet throughout the year to discuss and set monetary policy. Within these policies, rates are set and typically linked to inflation. When those rates are set, banks may adjust rates on loans, deposits and certificates of deposit. But just like any business, banks will adjust rates to compete in their market as they seek to cover their costs and maintain a profit. CDs specifically are an attractive tool for banks, because unlike a deposit account, CDs actually lock up customers with a maturity date, which gives banks better control of their cash flow. The higher rates draw in customers seeking to maximize their returns. Rates on CDs matter, but not as much when you factor in inflation and interest rates. If inflation is at 7% and interest rates are at 5%, the net is 2%. The same is true if inflation is at 0% and interest rates are at 2%. You have to look at both numbers to get a full picture. When you consider the gridlock within the housing market and the amount of debt our government holds, it's hard to believe rates can remain elevated over the long term. The government is desperately trying to combat inflation by raising rates. These higher rates not only impact consumers, but they also impact the government. According to the Congressional Budget Office, or CBO, in June of 2023, they projected that annual net interest costs on the federal debt would total $663 billion in 2023 and almost double over the next decade. Interest payments would total around $71 trillion over the next 30 years, taking up to 35% of all federal revenue by 2053. These numbers are impacted by interest rates and with lower rates come lower interest payments, so the government has reasons to see rates lower than they currently are. The question is: Does it make sense to lock in CD rates while rates are high? It depends. If you have money sitting in a bank account that you don't need and the CD rate is offering a higher rate than your savings, then it might be a good option. A good idea is to compare CD rates to other options like fixed annuities and money markets since they share some similarities but also have a few key differences that could make one choice better for your situation. Certificates of Deposit are offered by banks as a savings account that offers a fixed interest rate over a specified period of time, ranging from one month up to five years. They carry penalties if funds are removed before maturity, and they're FDIC insured up to $250,000. Fixed Rate annuities are issued by insurance companies and are financial products that offer a fixed interest rate over a specified period of time. Early withdrawals can incur a penalty, and interest earnings are tax deferred until you start taking distributions. The guarantees are backed by the claims paying ability of the insurance company and are insured by what is known as the State Guarantee Association. Money markets are funds issued by financial institutions that are backed by highly liquid short maturity investments. Maturities usually range from overnight to just under a year, and assets can be quickly converted to cash with minimal loss of value. They are generally considered more risky than a bank, CD or insurance company annuity, and the underlying investments include such things as treasury bills, commercial paper and CDs. While CDs offer the safety of fixed returns, they are not devoid of risks and limitations. It's essential to understand both the micro and macro economic factors that affect CD rates before diving in.      Mentioned in this episode: BrianSkrobonja.com Common Sense Financial Podcast on YouTube  Common Sense Financial Podcast on Spotify BrianSkrobonja.com/Resources - Free Resources To Help You Protect Your Financial Future Common Sense: YOUR Guide to Making Smart Choices with YOUR Money by Brian Skrobonja "What to Know About How Banks Work" The State Guaranty Association   References for this episode: https://www.pbs.org/newshour/economy/americans-faith-in-banks-hit-low-after-failures-says-ap-norc-poll https://www.federalreserve.gov/monetarypolicy/reservereq.htm https://fortune.com/recommends/banking/will-cd-rates-go-up https://www.usbank.com/investing/financial-perspectives/market-news/federal-reserve-tapering-asset-purchases.html https://www.pgpf.org/analysis/2023/07/higher-interest-rates-will-raise-interest-costs-on-the-national-debt   Investing involves risk, including the potential loss of principal. This is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Securities offered only by duly registered individuals through Madison Avenue Securities, LLC. (MAS), Member FINRA &SIPC. Advisory services offered only by duly registered individuals through Skrobonja Wealth Management (SWM), a registered investment advisor. Tax services offered only through Skrobonja Tax Consulting. MAS does not offer Build Banking or tax advice. Skrobonja Financial Group, LLC, Skrobonja Wealth Management, LLC, Skrobonja Insurance Services, LLC, Skrobonja Tax Consulting, and Build Banking are not affiliated with MAS.

KI, LLMs und Texten: Warum du deinen Kopf nicht an der Garderobe abgeben solltest Moin vom Deich! Klaus und Patrick sprechen Klartext über das aktuellste Thema im Content-Marketing: KI und Large Language Models (LLMs). Wir nennen es einfachheitshalber KI, auch wenn wir wissen, dass Experten von LLMs sprechen. Seit dem Durchbruch von ChatGPT hat sich die Texterstellung rasant gewandelt. Wir klären in dieser spontanen Folge, wie viel Zeit du wirklich sparen kannst, wo die LLMs an ihre Grenzen stoßen (besonders wichtig für Zahnarztpraxen!) und warum dein Hirn nach wie vor das wichtigste Werkzeug ist, um hervorragenden Content zu schaffen. Achtung: Die Antworten in dieser Folge sind absoluter Status quo zum 5. November 2025, und das Thema ändert sich extrem rasant! Die zentrale Frage dieser Folge ist, ob man den eigenen Kopf überhaupt noch benötigt, wenn man Texte mit Tools wie ChatGPT erstellt. Wir halten fest: Den eigenen Kopf brauchst du unbedingt, um die Ergebnisse zu kontrollieren, zu bewerten und die Verantwortung für das finale Ergebnis zu übernehmen. Klausi erläutert, wie sich seine Arbeit seit dem Einsatz von LLMs stark verändert hat: Er kann mittlerweile 80 Prozent der Zeit im Basistext-Prozess einsparen. Diese Zeit wird aber nicht weggespart, sondern in die Optimierung, Nachforschung und Exzellenz gesteckt. Wir diskutieren, dass die KI vor allem das "Mittelmaß" der Textqualität ersetzt hat und wie wichtig es ist, die LLMs als Sparringpartner und Tool zu verstehen, nicht als Ersatz für menschliche Expertise oder Empathie. Besonders im sensiblen Bereich der Zahnmedizin (sogenannte Your Money, Your Life Texte) ist menschliche Kontrolle unerlässlich, da KI-Ergebnisse, wie Studien zeigen, häufig fehlerhaft sein können (bis zu 40 Prozent Falschaussagen bei informationellen Fragen werden genannt). Am Ende bleibt die Texterstellung eine Symbiose aus Mensch und Maschine, bei der der Mensch die finale Verantwortung trägt. Die wichtigsten Erkenntnisse in kurzen Schlagzeilen - Deinen Kopf brauchst du immer!: Gib dein Hirn bitte nicht an der Garderobe der künstlichen Intelligenz ab, denn du bist zu 100 Prozent für die Eingabe und das Ergebnis verantwortlich, das letztendlich im Impressum der Praxis landet. - 80 % Zeitersparnis sind möglich, aber reinvestiere sie in Qualität: LLMs können dir beim Erstellen der ersten Struktur und der Basistexte bis zu 80 Prozent der früheren Arbeitszeit sparen. Nutze diese gewonnene Zeit, um die Ergebnisse zu prüfen, zu optimieren und Exzellenz zu schaffen. - Die KI hat das Mittelmaß ersetzt: Die Leistung, die früher von mittelmäßigen Hobby-Textern über Jahrzehnte abgeliefert wurde, kann die KI heute auch mit einem schlechten Prompt liefern. Das Feld wird spitzer: Entweder bist du gut oder du wirst ersetzt. - Der kreative Prozess verlagert sich – denke wie beim Backward Planning: Die eigentliche Kreativität steckt jetzt darin, sich zu überlegen, wie man die LLMs mit dem richtigen Prompt auf das gewünschte Endprodukt (Content-Piece, Blogartikel etc.) hin führt. Es ist ein neues Tool in deinem Handwerkskasten. - Fokus auf die Qualität, nicht auf die Herkunft des Textes: Es ist völlig egal, ob ein Text von einem Menschen oder einer KI verfasst wurde – ein schlechter Text ist ein schlechter Text. Wenn dein Anspruch ist, mit KI einen hervorragenden Text zu erstellen, wird ihn auch keiner als generiert erkennen. Kontakt zu Patrick und Klaus: - [Patrick > LinkedIn](https://www.linkedin.com/in/patrick-neumann-3bb03b128) - patrick.neumann@parsmedia.info - [Klaus > LinkedIn](https://www.linkedin.com/in/klausschenkmann) - klaus.schenkmann@parsmedia.info - Telefonat mit Klaus: [Buche gerne einen Termin](https://doodle.com/bp/klausschenkmann/marketing-talk-mit-klaus) Immer für Dich am Start: - [parsmedia Website](https://parsmedia.info) - [Praxismarketing-Blog](https://parsmedia.info/praxismarketing-blog) - [parsmedia Instagram ](https://www.instagram.com/parsmedia.praxi

Joe Anderson, CFP® and Big Al Clopine, CPA spitball withdrawal strategies, Roth conversion timing, and saving priorities for every stage of life, today on Your Money, Your Wealth® podcast number 555. Christine just retired at 59 and wants the smartest way to draw income before Social Security, without letting taxes take a third of it. Prickly Richard and Margarita Maggie have a plan to "pull ahead" some Roth conversions now to dodge an RMD avalanche later. Will it work? And the Michigan Queen and Mississippi Boy are wondering whether to save harder for retirement or college for three kids currently under the age of 5. Free Financial Resources in This Episode: https://bit.ly/ymyw-555 (full show notes & episode transcript) Tax-Free Retirement Guide - NEW! Free download How To Retire Tax-Free With A Smart Income Plan on YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter   Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings   Chapters: 00:00 - Intro: This Week on the YMYW Podcast 00:53 - I Retired at 59. What's My Best Retirement Withdrawal Strategy Before Social Security at 62? (Christine) 13:50 - Should We Do Roth Conversions Before Being Hit With the RMD Avalanche? (Prickly Richard & Margarita Maggie, Tucson, AZ) 26:20 - Saving for Early Retirement at 55 vs. Saving for Kids' Future (Michigan Queen & Mississippi Boy, TN) 39:53 - Outro: Next Week on the YMYW Podcast

He could have built a billion-dollar company, but instead, Jimmy Wales built a movement. When the dotcom crash hit and funding vanished, he didn't sell out or add ads. He doubled down on values, creating Wikipedia, a global temple for the mind that made knowledge free to billions. In this episode, Jimmy joins Ilana to share the story behind that decision, the failures that shaped him, and the community that built the impossible. He breaks down why the best ideas come from doing something interesting, not chasing money. Jimmy Wales is the co-founder of Wikipedia and the founder of the Wikimedia Foundation, the nonprofit that supports Wikipedia and its sister projects. He also co-founded Fandom (formerly Wikia), one of the web's largest community platforms. In this episode, Ilana and Jimmy discuss: (00:00) Introduction (02:31) How Childhood Curiosity Sparked Wikipedia's Vision (05:59) Turning Crisis Into Innovation During the Dotcom Crash (08:08) The Creation of Wikipedia (14:19) The Power of Community When Capital Runs Out (20:14) Why Jimmy Refused to Monetize Wikipedia (29:54) Early Fundraising Efforts for Wikipedia (34:21) What Makes Someone Truly Notable on Wikipedia (39:11) AI's Role in Wikipedia's Future (46:15) Inside The Seven Rules of Trust (57:17) Jimmy's Ultimate Advice to Just Start Jimmy Wales is the co-founder of Wikipedia, the world's largest free encyclopedia, and Wikimedia Foundation, the nonprofit that supports it. An advocate for open, collaborative knowledge sharing, he has empowered millions to contribute to a global resource of information. Recognized by TIME as one of the 100 Most Influential People in the World, Jimmy is also the author of The Seven Rules of Trust, where he shares the principles that guided his journey and offers insights on building lasting endeavors. Connect with Jimmy: Jimmy's Twitter: x.com/jimmy_wales Jimmy's LinkedIn: linkedin.com/in/jimmy-wales-919a8b Resources Mentioned: Wikipedia: https://www.wikipedia.org/ Jimmy's book, The Seven Rules of Trust: A Blueprint for Building Things That Last: https://www.amazon.com/dp/0593727460 Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: https://www.amazon.com/dp/0143115766  LEAP E122 with Nathan Blecharczyk: https://podcasts.apple.com/us/podcast/nathan-blecharczyk-the-raw-truth-of-scaling-airbnb/id1701718200?i=1000723574008  Leap Academy Ready to make the LEAP in your career? There is a NEW WAY for professionals to fast-track their careers and leap to bigger opportunities.Check out our free training today at https://bit.ly/leap--free-training

Darrell's kept track of every penny he's spent since he started college. If you want to keep better tabs on your own money you might have fun listening to this edition of Doing What Works.Here are your show notes…Your Money or Your Life might change the way you look at the money you spend.

I was excited to chat once again with Behavior Gap author and financial storyteller Carl Richards about the ideas behind his brand-new book, Your Money and 101 Other Things That Matter.   Carl's famous hand-drawn sketches have helped millions simplify complex financial concepts — but beneath the simplicity lies profound wisdom about living a meaningful, values-driven life. Together, we explore how our relationship with money shapes our happiness, the tension between working hard and letting go, and why sometimes the bravest thing we can do as investors is nothing at all.   In this episode we discuss:   ·      Carl's journey from financial planner to New York Times columnist and author of the beloved "Sketch Guy" series. ·      The power of simple visuals to create clarity and spark real conversations about money. ·      "Actively doing nothing" — why patient investing and staying the course is one of the hardest (and most valuable) disciplines. ·      The spending practice — connecting your money to what you truly care about, and how everyday spending can become a reflection of your values. ·      "Spend the money" — why many retirees need permission to stop deferring joy and start living now. ·      Days or decades — tuning out the noise, avoiding anxiety-driven media, and focusing on what genuinely matters in the long term.   Carl Richards is a Certified Financial Planner™, author, and creator of The Behavior Gap and The Sketch Guy column for The New York Times, where his hand-drawn sketches made complex financial ideas beautifully simple. Through his work at behaviorgap.com, Carl helps people and advisors worldwide have better conversations about money, decisions, and what truly matters most.  

Join The Reality Revolution Tribe

Most people think about saving for retirement but many never think about the high costs of medical and other care that can be required as we age. In this episode, WHZ Senior Partner & Chief Investment Officer Laurence Hale and Heather O'Rourke of Simplify Life Services, LLC break down what you need to know and do now in order to live well when you're older.- Subscribe to the You and Your Money podcast- Follow us on Facebook, Instagram, LinkedIn and YouTube- See how we can create a tailored financial strategy to help you live with Absolute Confidence, Unwavering Partnership, For Life: whzwealth.com

Should the new temporary senior tax deduction change your Roth conversion strategy? Joe and Big Al spitball for Chris in Maple Grove, Minnesota, who wonders whether to keep converting to Roth now that the $6,000 Senior Bonus deduction phases out with higher income, today on Your Money, Your Wealth® podcast 554 with Joe Anderson, CFP®, and Big Al Clopine, CPA. Teri from Salt Lake City's broker has amassed $60,000 of losses in Teri's $1.1 million account due to tax-loss harvesting. When is enough… enough? Windy Chicago in Chino Hills, California, wonders what to do about their cost basis vanishing after transferring mutual funds to Vanguard, and Larry and Sally from Michigan are planning for retirement while facing significant health challenges. Can they afford to bridge the healthcare gap and still retire safely? Free Financial Resources in This Episode: https://bit.ly/ymyw-554 (full show notes & episode transcript) Retirement Income Strategies Guide Retirement Rebound: 5 Plays to Help You Score a Comeback - YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter   Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings   Chapters: 00:00 - Intro 00:56 - Should We Stop Roth Conversions for the New $6,000 Senior Bonus Tax Deduction? (Chris, Maple Grove, MN) 07:44 - Lost Cost Basis After Moving Funds to Vanguard. Now What? (Windy Chicago, Chino Hills, CA) 10:21 - Tax Loss Harvesting: When Is It Too Much? (Teri, Salt Lake City) 18:49 - Can We Retire with Rising Health Costs and Care Needs? (Larry & Sally Morgan, voice) 33:34 - Outro: Next Week on the YMYW Podcast

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3795: Jennifer Burger reveals that the path to a simpler life isn't just about decluttering your home or slowing your schedule, it starts with shifting your mindset. By embracing internal changes like valuing your time, releasing expectations, and defining what truly matters, you can create lasting simplicity and ease from the inside out. Read along with the original article(s) here: https://www.simplyfiercely.com/mindsets-simple-living/ Quotes to ponder: "If you want to simplify your life, you must cultivate the confidence and clarity to both define and defend what matters most to you." "More time equals freedom to live slowly and on your own terms." "All you need to do is cultivate a mindset of enoughness." Episode references: Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3795: Jennifer Burger reveals that the path to a simpler life isn't just about decluttering your home or slowing your schedule, it starts with shifting your mindset. By embracing internal changes like valuing your time, releasing expectations, and defining what truly matters, you can create lasting simplicity and ease from the inside out. Read along with the original article(s) here: https://www.simplyfiercely.com/mindsets-simple-living/ Quotes to ponder: "If you want to simplify your life, you must cultivate the confidence and clarity to both define and defend what matters most to you." "More time equals freedom to live slowly and on your own terms." "All you need to do is cultivate a mindset of enoughness." Episode references: Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3795: Jennifer Burger reveals that the path to a simpler life isn't just about decluttering your home or slowing your schedule, it starts with shifting your mindset. By embracing internal changes like valuing your time, releasing expectations, and defining what truly matters, you can create lasting simplicity and ease from the inside out. Read along with the original article(s) here: https://www.simplyfiercely.com/mindsets-simple-living/ Quotes to ponder: "If you want to simplify your life, you must cultivate the confidence and clarity to both define and defend what matters most to you." "More time equals freedom to live slowly and on your own terms." "All you need to do is cultivate a mindset of enoughness." Episode references: Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Learn more about your ad choices. Visit megaphone.fm/adchoices

Fall is often a tough time for investors. The S&P 500 has declined during September 55% of the time since 1928, far more often than any other month of the year. This year's setup is potentially perilous, with the S&P 500 at record-high levels and sporting lofty valuations despite economic and political uncertainty.     So, perhaps now more than ever, investors should review their portfolios to ensure they have recently been rebalanced and reflect their risk tolerance. In this episode, we share some of the worries the market will have to surmount in the second half of the year in order to continue climbing, and what you should consider doing to keep your portfolio balanced.- Subscribe to the You and Your Money podcast- Follow us on Facebook, Instagram, LinkedIn and YouTube- See how we can create a tailored financial strategy to help you live with Absolute Confidence, Unwavering Partnership, For Life: whzwealth.com

Joe Anderson, CFP® and Big Al Clopine, CPA tackle one of the trickiest timing questions in retirement planning, today on Your Money, Your Wealth podcast number 553: when should you convert to Roth, while you're still earning, or after retirement? First, James from Texas wonders if it's worth maxing out his high-fee 457 plan, or if he's better off investing in a low-cost brokerage account. Full-time travelers "Lois and Clark" want to know how much they should keep converting to Roth now that they're on Medicare. Ray Charles in Chicago is burned out on corporate life and plans to quit at 55. Is that the perfect time for him to start Roth conversions? And finally, Gun and Rose from Louisiana ask if borrowing again from their 401(k) is a smart move. Free Financial Resources in This Episode: https://bit.ly/ymyw-553 (full show notes & episode transcript) Retirement Lifestyles Guide - free download Ultimate Guide to Roth IRAs - free download Will Your Money Last Through Retirement? - YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings Chapters: 00:00 - Intro: This Week on the YMYW Podcast 00:56 - 457(b) vs. Brokerage: Are High Fees Worth the Tax Break? (James, TX) 06:43 - Roth Conversions in Retirement: Hitting the Road and the 12% Bracket ("Lois & Clark", FL) 19:54 - Early Retirement Pivot: Quit at 55 and Convert to Roth? ("Ray Charles", Chicago, IL) 33:28 - Should We Borrow From 401(k) For Home Repairs? (Gun & Rose, LA) 38:54 - Outro: Next Week on the YMYW Podcast

Get the latest insights on how the financial markets are performing from WHZ's Managing Partner, Advisory Leisl L Langevin, CFP® CDFA®.- Subscribe to the You and Your Money podcast- Follow us on Facebook, Instagram, LinkedIn and YouTube- See how we can create a tailored financial strategy to help you live with Absolute Confidence, Unwavering Partnership, For Life: whzwealth.com

In this episode, we delve into the link between overall retirement quality and the confidence you have in your financial plan. We emphasize how a well-designed retirement strategy tailored to your needs, not solely reliant on market performance, is pivotal for boosting confidence and making your retirement plan a reality you can rely on. Addressing common fears, exploring emotional extremes, and understanding the evolving landscape of retirement planning, will help you discover the significance of income-focused strategies and a diversified asset approach in building confidence in your retirement plan. When it comes to retirement, your quality of life in these golden years is often predicated on the level of confidence you have regarding your situation. A poorly-designed retirement plan can often cause emotional confusion, which leaves you feeling insecure and lacking confidence. Confidence is typically at its peak when a plan is optimized and is designed around meeting the needs of the client and not relying entirely on market performance. Retirement confidence is in direct correlation with how well your plan is designed to manage your exposure to risk and its ability to fulfill cash flow requirements. A plan built on hope and optimism can lead to very emotional times when the market doesn't work out the way you'd hoped. Many client conversations relating to retirement are often centered around insecurities the client is working through. Common fears include running out of money before running out of life, market crashes, having a health crisis, missing opportunities, or simply making mistakes. There are typically two emotional extremes, no confidence or complete overconfidence. A lack of confidence leads to avoidance behavior and avoiding decisions, which often makes a person vulnerable to the very things they are afraid of. Overconfidence leads people to underestimate their vulnerabilities. Being skittish or practicing decision avoidance or fearing the idea of making a bad decision are all confidence killers, and the ultimate irony of this behavior is actually preventing the solution from being implemented, which can turn your fears into a reality. Confidence is about being able to rely on your retirement plan to do what you need it to do. If your retirement plan is anchored to the stock market, your confidence level relies entirely on the performance of the market. Most people's retirement plans involve a stock market portfolio they plan to liquidate over time, Social Security, and a pension, but that's really just the start. This paradigm seems to be rooted in watching our parents or grandparents work for decades in the same job and then retire with their pensions and Social Security benefits. However, circumstances have changed, and what worked back then isn't going to cut it now. Pensions and company-provided retirement plans have been on the decline since the 1980's. Baby Boomers started putting their money into retirement plans starting in the 90's, which caused a growing stock market. 2016 was the first year that Baby Boomers started taking out money from those accounts. Those who ran the markets up are now the same group that is putting selling pressure on the markets, but there are other influences as well: government spending and policy, Fed policy, pandemics, interest rates, inflation, and more. When you lack certainty in the market, algorithms and a 24/7 news cycle can exacerbate the situation. There are two fundamental things that can have a profound impact on your retirement confidence. First is solving for income using income products. The foundation of a retirement plan is to generate consistent income, and unfortunately, consistency is not synonymous with the stock market. Separating your assets between long-term growth in public investments and income-generating private and fixed assets is a crucial component of being confident in your overall retirement plan.     Mentioned in this episode: BrianSkrobonja.com Common Sense Financial Podcast on YouTube  Common Sense Financial Podcast on Spotify Common Sense: YOUR Guide to Making Smart Choices with YOUR Money by Brian Skrobonja Brian's article - ‘Five Common Retirement Mistakes and How to Avoid Them'     References for this episode: https://www.dol.gov/general/topic/retirement/erisa https://www.thestreet.com/personal-finance/baby-boomers-could-cause-market-crash-12117996 https://www.forbes.com/sites/lizfrazierpeck/2021/02/11/the-coronavirus-crash-of-2020-and-the-investing-lesson-it-taught-us/?sh=17701bd846cf https://www.marketwatch.com/story/u-s-stocks-would-be-much-lower-if-it-wasnt-for-excessive-government-spending-morgan-stanleys-mike-wilson-says-1b8e65d2 https://www.nasdaq.com/articles/what-does-the-fed-do-and-how-does-it-impact-the-stock-market https://thefga.org/blog/president-biden-is-wrong-about-esg-heres-why/?gclid=CjwKCAjwvfmoBhAwEiwAG2tqzIhc3F2QbmLEygcbkIg9eV7bhXUz3dzXhO1A_hTNE3hNsMbTug59txoCPcwQAvD_BwE https://centerpointsecurities.com/stock-market-algorithms/#:~:text=The%20main%20thing%20traders%20need,because%20you%20may%20lose%20fast. https://www.statista.com/statistics/191077/inflation-rate-in-the-usa-since-1990 https://www.bankrate.com/banking/cds/historical-cd-interest-rates     Securities offered only by duly registered individuals through Madison Avenue Securities, LLC. (MAS), Member FINRA &SIPC. Advisory services offered only by duly registered individuals through Skrobonja Wealth Management (SWM), a registered investment advisor. Tax services offered only through Skrobonja Tax Consulting. MAS does not offer Build Banking or tax advice. Skrobonja Financial Group, LLC, Skrobonja Wealth Management, LLC, Skrobonja Insurance Services, LLC, Skrobonja Tax Consulting, and Build Banking are not affiliated with MAS. Skrobonja Wealth Management, LLC is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Skrobonja Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. The firm is a registered investment adviser with the state of Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training.

Joe Anderson, CFP® and Big Al Clopine, CPA tackle the fears that mess with even the best-laid financial plans, today on Your Money, Your Wealth® podcast 552. Big Wallet Barbie and Ken from the Midwest have saved millions, but Barbie's still worried about retiring early, buying a new house, and converting to Roth. Is she second-guessing her plans? The fellas spitball for Dan from Florida, who's flying high in the 35% tax bracket and trying to decide between Roth 401(k) contributions and future Roth conversions. They also float a surprising idea - one that's rare on YMYW - for a listener from Chicago who is FIRE'd Up about Roth vs. pre-tax and making a tax-smart wealth transfer. We'll wrap up with a couple of your comments. Free Financial Resources in This Episode: https://bit.ly/ymyw-552 (full show notes & episode transcript) Emotionless Investing Guide The Truth About Your Love/Hate Relationship With Money - YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter   Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings   Chapters:  00:00 - Intro: This Week on the YMYW Podcast 00:49 - Big Wallet Barbie and Ken's Roth Conversion, Retirement, and Home Purchase Strategy (Barbie Mattel, Midwest) 08:58 - Roth 401(k) Contributions or Roth Conversions? Flying High in the 35% Tax Bracket (Dan, FL) 17:23 - High-Earners Planning FIRE and Wealth Transfer: Roth, Pre-Tax… Life Insurance? (FIRE'd Up, Chicago) 29:56 - Correction on Spousal Social Security Benefits After the Fairness Act (Cindy) 33:37 - Follow Up: The Kids Are Pretty Alright (Lucas, MN) 34:44 - Outro: Next Week on the YMYW Podcast

In this episode of Your Money. Your Mission., SVP Director Retirement Plan Services, Bret Almstedt and Wealth Education Coordinator, Retirement Plan Services, Sam Kolb discuss the crucial role employer-sponsored retirement plans play in helping employees achieve their retirement goals. The episode highlighted the importance of retirement plans, education and engagement, plan review and optimization, maximizing employee benefits and plan design and fiduciary responsibilities. By understanding these factors and implementing effective strategies, employers can significantly improve their workforce's retirement readiness, while employees can maximize their retirement savings by taking advantage of employer-matching contributions and starting to save early.

Air Date 10/19/2025 Robber Barons™ of The Gilded Age™ told themselves stories about how they were ushering in progress for all which is why, they argued, they shouldn't be constrained by things like safety regulations or worker unions - impoverishing millions while injuring and killing thousands in the process. It took a stock market crash, the Great Depression, WWII, and The New Deal to finally wrench the power away and redistribute it for the sake of building a middle class that could work in relative safety in the US. Today's Robber Barrons™ ushering in techno-feudalism under the banner of AI-For-All are no different but with even higher stakes in the balance. Be part of the show! Leave us a message or text at 202-999-3991, message us on Signal at the handle bestoftheleft.01, or email Jay@BestOfTheLeft.com Full Show Notes Check out our new show, SOLVED! on YouTube! Join our Discord community! KEY POINTS KP 1: We're in Our AI Slop Era Part 1 - Today, Explained - Air Date 8-7-25 KP 2: What AI Means for Your Money, Music and Love Life Part 1 - Here & Now Anytime - Air Date 9-26-25 KP 3: AI Slop Part 1 - Last Week Tonight with John Oliver - Air Date 6-23-25 KP 4: Family Accuses ChatGPT of Helping Their Son Commit Suicide - The Briefing - AIr Date 8-30-25 KP 5: The REAL Reason Trump and Big Tech Want AI in Our Schools - More Perfect Union - Air Date 10-2-25 KP 6: AI and the Demise of College Writing Part 1 - Adam Walker - Close Reading Poetry - Air Date 7-15-25 KP 7: AI, Energy, and Climate Data Center Water Use Alexis Abramson, Julio Friedmann and Angela Yuan Part 1 - The DSR Network - Air Date 10-7-25 (00:56:20) NOTE FROM THE EDITOR On the pattern of capitalism's social costs DEEPER DIVES (01:05:22) SECTION A: AL SLOP (02:05:43) SECTION B: SOCIAL ASPECTS (02:47:46) SECTION C: LABOR AND EDUCATION (03:46:34) SECTION D: DATA CENTERS SHOW IMAGE CREDITS Description: AI-generated image of robot hands holding up a small globe against a desolate dessert background. Credit: “ai-generated-robot-earth” via geralt, Pixabay | Pixabay License   Produced by Jay! Tomlinson Visit us at BestOfTheLeft.com Listen Anywhere! BestOfTheLeft.com/Listen Listen Anywhere! Follow BotL: Bluesky | Mastodon | Threads | X Like at Facebook.com/BestOfTheLeft

Please rate and review The Long-Term investor in your favorite podcast app. -----  Author and illustrator Carl Richards joins the show to discuss his new book Your Money and the real conversations we should be having about finances. If you've ever wondered how to stop worrying about money and start using it intentionally, this conversation will leave you thinking differently about every dollar you spend. Listen now and learn: ► Why most people avoid the money conversations that matter most ► How to align your use of capital with what's genuinely important to you ► The power of micro actions and why small steps compound into lasting change.  ► A simple mindset shift that can transform financial stress into confidence and clarity   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.   (02:23) The Conversations We Avoid About Money (04:16) Why Facts Don't Fix Feelings  (06:00) Simplifying on the Far Side of Complexity (10:13) Aligning Your Use of Capital with What's Important  (14:31)Financial Planning Is About Being Less Wrong Tomorrow  (18:22) The Illusion of Certainty and the End of History  (23:55) The “Presenting Problem” and What Clients Really Value  (27:42) How to Start Better Money Conversations at Home  (35:36) Micro Actions: Tiny Habits That Compound  (38:59) The Worry List: Nothing Is Helped by Worry  (41:22) Practicing Gratitude and Redefining “Enough”    Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠)   Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see disclosures here.

With significant changes to tax law on the horizon and current opportunities available, proactive tax planning can help you keep more of your hard-earned money in your pocket. In this episode, WHZ Managing Partner, Advisory Leisl Langevin shares what to know and do right now.- Subscribe to the You and Your Money podcast- Follow us on Facebook, Instagram, LinkedIn and YouTube- See how we can create a tailored financial strategy to help you live with Absolute Confidence, Unwavering Partnership, For Life: whzwealth.com

The complexity of Social Security calculations can cause some confusion around when someone eligible should file and claim their benefit. There are a lot of variables to consider and acronyms to decipher that can make Social Security feel like a confusing hedge maze. Let's cut through some of the noise and clarify some of the most pressing questions around Social Security benefits and what questions you need to consider to determine what's best for you and your family. Social Security has many layers, and the concept of eligibility can be pretty complex. It's not always clear when and how someone should begin taking their benefits because being eligible doesn't necessarily mean you should turn that benefit on. Social Security benefits can be turned on as early as age 62. Each year the benefit is delayed, you receive what is called a delayed retirement credit or DRC. These DRCs guarantee an automatic 8% increase in your Social Security benefit every year you delay up to age 70. There is also your full retirement age. This is the age when you are eligible to receive the full benefit without any offset for having earned income. Earned income being income from employment, which is different from income received from investments, pensions or annuities. For those born in 1960, or later, your FRA is age 67. Benefits are calculated by the Social Security Administration by taking 35 years of earnings that are indexed for inflation. Any years you didn't work are counted as a zero in your average earnings calculation. These annual amounts are then totaled and divided by four and 20 months to arrive at the monthly figure known as your average indexed monthly earning. This number is different from your benefit amount. The SSA then applies a formula to that number which determines your primary insurance amount or PIA and this is your monthly Social Security benefit. If you choose to take your benefit before your FRA while employed, there's an offset that can significantly reduce the benefit if your income exceeds $21,240 in 2023. This reduction is $1 for every $2 of earned income over the limit. In the year you reach your FRA, the limit increases to $56,520 in 2023, with a benefit reduction of $1 for every $3 of earned income over the limit. After you've reached your FRA there's no earning limits and you receive the full benefit with no income offsets. Provisional income comes into play after your benefits are activated. Your provisional income is calculated by taking your adjusted gross income plus half of your Social Security benefit. If that total is less than $25,000, your Social Security benefit is not subject to federal tax. If it is  above 25,000, but below 34,000, 50% of the benefit is taxed, and if it's above 34,000, 85% of the benefit is taxed. If you're a government employee, there's something called a Windfall Elimination Provision, or WEP. And there's also a Government Pension Offset, or GPO. There are three common conversations we have with clients when it comes to Social Security. The first thing is determining the breakeven point. One method for deciding when to take Social Security benefits involves calculating the breakeven point, this is the future point in time when the value of one option equals that of another. For example, if your FRA benefit is $2,000 a month, and $1,400 at age 62, there's a $600 a month difference. When compared to waiting the five years and taking the full amount, the breakeven point would be 11.6 years. Something else to keep in mind is that by taking a benefit early, you reduce the amount of spousal benefit made available since the benefit in and of itself has been reduced and this could be an important consideration. The second consideration relates to one's health and longevity. If you don't expect to live past that breakeven point, taking the benefit early might make more sense. From this perspective, it could be a win-win situation if they start receiving benefits early and they live longer than expected because the payments continue. We can't know our lifespan for certain, but if you're in poor health, taking benefits early might be a reasonable option. The third consideration involves a person's retirement income requirement. Many clients we work with see Social Security simply as a piece of the retirement income strategy, and aren't necessarily concerned with breakeven points as much as they are with maximizing their assets and the resources. Many clients opt to turn their Social Security benefits on instead of tapping into their assets in order to maintain growth. Using assets to generate income in retirement also comes with variables that are hard to predict, like the conditions of the stock market and economic policy. Social Security, in comparison, is stable and easy to predict. Figuring out your retirement income requires careful planning, which is why it's crucial to work with a professional that understands Social Security and its role in your retirement plan.     Mentioned in this episode: BrianSkrobonja.com Common Sense Financial Podcast on YouTube  Common Sense Financial Podcast on Spotify BrianSkrobonja.com/Resources - Free Resources To Help You Protect Your Financial Future Common Sense: YOUR Guide to Making Smart Choices with YOUR Money by Brian Skrobonja SSA.gov   References for this episode: SSA.gov/benefits/retirement/planner/agereduction.html SSA.gov/benefits/retirement/planner/delayret.html SSA.gov/benefits/retirement/planner/agereduction.html SSA.gov/benefits/retirement/planner/whileworking.html SSA.gov/benefits/retirement/planner/whileworking.html SSA.gov/benefits/retirement/planner/taxes.html   Securities offered only by duly registered individuals through Madison Avenue Securities, LLC. (MAS), Member FINRA & SIPC. Advisory services offered only by duly registered  individuals through Skrobonja Wealth Management (SWM), a registered investment advisor. Tax services offered only through Skrobonja Tax Consulting. MAS does not offer Build Banking or tax advice. Skrobonja Financial Group, LLC, Skrobonja Wealth Management, LLC, Skrobonja Insurance Services, LLC, Skrobonja Tax Consulting, and Build Banking are not affiliated with MAS. The firm is a registered investment adviser with the state of Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Advisory services are only offered to clients or prospective clients where Skrobonja Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be  rendered by Skrobonja Wealth Management, LLC unless a client service agreement is in  place. Skrobonja Financial Group, LLC provides links for your convenience to websites produced by other providers of industry related material. Accessing websites through links directs you  away from our website. Users who gain access to third party websites may be subject to the copyright and other restrictions on use imposed by those providers and assume responsibility and risk from use of those websites. Any references to protection, safety or  lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the  issuing carrier. This is intended for informational purposes only. It is not intended to be used as the sole  basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Our firm is not permitted to offer, and no  statement made on this site shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and  opinions contained here in provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by our firm. Any media logos and/or trademarks contained herein are the property of their respective owners and no endorsement by those owners of Brian Skrobonja is stated or implied. The awards, accolades and appearances are not representative of any one client's experience and is not indicative of future performance. Each of these awards have set criteria for their nominations and eligibility requirements. “Best Wealth Managers” and “Future 50 Company” are annual surveys conducted by Small Business Monthly. The winner is chosen by an online vote of the general public and no specific criteria is utilized to determine the winner other than number of votes. Some voters may not be clients of Brian Skrobonja and Skrobonja Financial Group. These awards are not representative of any one client's experience and is not indicative of future performance.

We're playing “which comes first” today on Your Money, Your Wealth® podcast number 551 with Joe Anderson, CFP® and Big Al Clopine, CPA. “Retired G-Man and Nurse Ratched” from Pennsylvania have saved $2 million. Should they withdraw money first from their IRA or their taxable accounts in retirement? “Mike and Carol in Florida” want to know when and how much to convert to Roth, but they're also sitting on a mountain of company stock. Should they deal with that first? Mackey in Florida is 55 and wonders if he can retire now with $2.6 million and some lingering debt - but there's an important first he's missing too! Plus, Mike in Utah asks Joe and Big Al to spitball on a plan for his 90-year-old mom's $1.9 million annuity, and Doc McMuffin in Minnesota asks for the fellas' take on her plan to gift appreciated assets to her parents. Free Financial Resources in This Episode: https://bit.ly/ymyw-551 (full show notes & episode transcript) YourMoneyYourWealth.com - all our financial resources! Ask Joe and Big Al, blogs, workshops, financial guides, and 11 seasons of YMYW TV! 10 Big Retirement Regrets to Avoid (Before It's Too Late) - YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter   Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings   Chapters:  00:00 - Intro: This Week on the YMYW Podcast 00:53 - How to Retire at 55 With $2.6M and Debt? First, How to Write a Good Spitball Request (Mackey, FL) 03:46 - Sequence of Retirement Withdrawals: IRA First or Taxable First? (G-Man and Nurse Ratched, PA) 12:10 - Roth Conversions vs Concentrated Stock: Which Comes First? (Mike & Carol, FL) 29:27 - What to Do With 90-Year-Old Mom's $1.9M Annuity? (Mike, UT) 40:59 - Is Gifting Appreciated Assets to Parents Tax-Smart or Risky? (Doc McMuffin, MN) 48:27 - Outro: Next Week on the YMYW Podcast

Hey Friend!   Sticking to your budget has many parts. This is not a rework your budget thing and your done. You have to look at all of the pieces and some of those pieces are the things that you believe. Things that you are telling yourself on a regular basis that is keeping you stuck right where you are.    That's why in this episode I want to dig deep into 3 things that you are telling yourself that are keeping you not only from sticking to your budget, but from also having financial peace, financial freedom, financial security and from building wealth.    So go get your drink, open your heart to God and I'll see you inside!    Much Love    Molly    P.S. I want to invite you to grab some Budget Coaching. This is where I walk you through setting up your budget and coach you through sticking to it. To learn more, email me at mollybenell@gmail.com and let's get you out of the overwhelm and into confidence.  . . . Next Steps:  . Book a Call  . Join The Community  . Become an Insider . Questions? Email me at mollybenell@gmail.com . Resources 135. Don't Have Anything to Show for Your Money? The Reason You Believe That. 124. Base Budgeting: The #1 Way to Live on Less and Save More

In this episode of The Artful Dollar Podcast, Ryan Roi and his good friend and fellow money coach Nadine Zumot to discuss the profound impact of Internal Family Systems (IFS) on transforming money habits and financial well-being.    Nadine, a new member of the Artful Dollar coaching team, shares her experience helping her own clients overcome debt and financial stress by understanding the inner child's role and protector parts in our nervous systems.    This conversation covers the ROOT system recognizing, observing, and transforming financial behaviors, offering practical exercises and insights for lasting change. Tune in to learn how to align your nervous system with your financial goals and maintain a healthy relationship with money.   Follow Nadine on Instagram @nadinezumot https://www.instagram.com/nadinezumot/    Listen to Nadine's Podcast UnF*ck Your Money https://unfuckyourmoney.buzzsprout.com/   Visit Nadine's Website https://www.saveamillioncents.com/   Past TAD Episodes with Nadine: Episode 09: Fear of Abundance with Nadine Zumot https://youtu.be/B5L4bWeMLXc Episode 45: Anti-manifestation with Nadine Zumot https://youtu.be/NOlc-k7S_J4   If you found this episode helpful, please leave a review, subscribe, and share it with other artists. Your support helps others discover the show and might make a real difference in someone's journey!   ———   See if a 1:1 Marketing Strategy Session is right for you ⬇️ https://www.artfulmarketerworkshop.com/marketing-strategy-session5qyzv7aa   ———   Hear what people think about what we do at The Artful Dollar: https://www.theartfuldollar.com/tam-testimonials   Find more Artful Dollar podcast episodes on Spotify: https://open.spotify.com/show/4P0j85W6U6tG6KTCTQidL4   –——   Follow me on Instagram-  IG: ryanroitattoo   https://www.instagram.com/ryanroitattoo/   Check out my website- https://www.theartfuldollar.com/   #tattooartist #tattoopodcast #tattootips #tattooadvice #money #moneymanagement #finance #personalfinance #mindset #nervoussystem

WHZ Senior Partner, Chief Strategist Jim Zahansky shares six particularly compelling tax wins in the One Big, Beautiful Bill Act (OBBBA) that every small business owner should understand and implement.READ THE COMPANION BLOG POST >- Subscribe to the You and Your Money podcast- Follow us on Facebook, Instagram, LinkedIn and YouTube- See how we can create a tailored financial strategy to help you live with Absolute Confidence, Unwavering Partnership, For Life: whzwealth.com

Joe and Big Al spitball on how to avoid screwing up the timing of your Roth conversions, today on Your Money, Your Wealth® podcast number 550. Barrie from New York is 62 and single, and she's been diligently converting pre-tax money each year for lifetime tax-free Roth growth. Should she continue after she retires next year?  “Jerry and Elaine” want to retire in the next six years and still leave the kids an inheritance. When should they start Roth conversions? Alex in Pennsylvania is a 31-year-old software engineer. Should he convert his IRA to Roth all at once? Plus, how can he transition into a career as a financial planner? A clarification on the age plus 20 rule of thumb for retirement contributions from one of our YouTube viewers is very un-clarified for Joe, and the fellas let Lisa in San Diego know whether she can use her rental real estate income to fund a Roth 401(k). Free Financial Resources in This Episode: https://bit.ly/ymyw-550 (full show notes & episode transcript) Ultimate Guide to Roth IRAs 6 Signs You Truly Have “Enough” for Retirement - YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings Chapters: 00:00 - Intro: This Week on the YMYW Podcast 00:55 - Should I Keep Converting $20K a Year in Retirement? (Barrie, NY) 07:17 - Can We Retire at 62 and Still Leave an Inheritance? Roth Conversion Strategies for Big Accounts (Jerry & Elaine, KS) 17:05 - I'm 31. Should I Convert $57K Now or Spread It Out? (Alex, PA) 29:12 - Roth Conversion Timing Before Retirement (Mike, Philly Suburbs) 36:49 - Confused About Roth Withdrawal Rules at 60 (Lisa, Omaha NE) 40:05 - Clarification on the Age + 20 Rule of Thumb for Contributions (Matt, YouTube) 45:40 - Can Rental Property Income Fund a Roth 401(k)? (Lisa, San Diego) 47:24 - Outro: Next Week on the YMYW Podcast

In this episode of Therapy for Your Money, Julie chats with Doug Vestal, a former Wall Street exec turned financial coach for therapists and OTs. They delve into the real financial challenges therapists face—such as high student loan debt and low starting salaries—and how these can lead to burnout if not addressed carefully. Doug shares the surprisingly simple wealth-building strategy that works (even if you're not a budget person), why your money mindset matters more than you think, and how early financial habits can set you up for long-term success. Doug also opens up about how a childhood memory shaped his entire financial philosophy. Whether you're solo or in a group practice, you'll walk away with practical ideas and a fresh perspective on money.Doug's book Financial Freedom for OTs: A Guide to Building Wealth Without Burnout is available on Amazon and Barnes & Noble. Learn more about his work and his course, Private Pay MBA, at freedomofpractice.com.Links and ResourcesMoney for Therapists Practice Startup - https://www.greenoakaccounting.com/startupGreenOak Accounting - www.GreenOakAccounting.comTherapy For Your Money Podcast - www.TherapyForYourMoney.comProfit First for Therapists - www.ProfitFirstForTherapists.comProfit First Academy - www.ProfitFirstForTherapists.com/Academy Podcast Production and Show Notes by Course Creation StudioGet our free KPI tracker to see how you practice measures up to others in the industry! www.therapyforyourmoney.com/kpi

Low budget swaps to live more sustainably, how to spot green washing red flags & a hack to recycle your everyday items that you can't put in your yellow bin with author, sustainability expert & Banish founder Lottie Dalziel.

The One Big Beautiful Bill Act (OBBBA) introduces tax, retirement, and education provisions that may be particularly impactful for Millennials and Gen Z. In this episode of You & Your Money, WHZ's Jonathan Mathews shares how.READ THE COMPANION BLOG POST >- Subscribe to the You and Your Money podcast- Follow us on Facebook, Instagram, LinkedIn and YouTube- See how we can create a tailored financial strategy to help you live with Absolute Confidence, Unwavering Partnership, For Life: whzwealth.com

Today on Your Money, Your Wealth® podcast number 549 with Joe Anderson, CFP® and Big Al Clopine, CPA, a comment on one of our YouTube videos sparks a dialogue between Joe and Big Al on the 4% rule vs. the "guardrails" withdrawal strategy. Joe at the Beach is managing his ~$6M portfolio on his own, but wants the fellas' take on his upper limit for yearly spending, so he can keep drinking his old-fashioneds. Can Joe Ko in Virginia afford to bridge the gap between retiring at 67 and taking Social Security at 70? Plus, "Harold and Maude" have nearly $7M saved. Should they accelerate Roth conversions into high-tax brackets before moving from low-tax Colorado to high-tax California? And how much more than their current annual spend can they afford for family vacations and travel? Free Financial Resources in This Episode:  https://bit.ly/ymyw-549 (full show notes & episode transcript) Withdrawal Strategy Guide Cruising Into Retirement Checklist and Guide (limited time offer, download by this Friday!) How to Cruise Into Your Retirement - YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter   Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings   Chapters: 00:00 - Intro: This Week on the YMYW Podcast 00:50 - What About the Guardrails Withdrawal Strategy? (Bill, YouTube) 04:13 - I'm 69 with $5.7 Million Saved. What's the Max I Can Spend in Retirement? (Joe at the Beach) 15:12 - 63 and 58 With $1.85M Saved. How Much Can We Spend from 67 Until Social Security at 70? (Joe Ko, VA) 21:30 - We're 61 and 69 with $7.6 million. Can We Increase Our Retirement Spending? How Should We Do Roth Conversions? (“Harold and Maude”, Durango, CO) 33:49 - Outro: Next Week on the YMYW Podcast

When time and money seem like limited resources, the idea of maximizing both can seem impossible. But what if it were possible to achieve true abundance in both? How would it be if our desire for personal fulfillment and financial abundance could be harmonized? Bill Perkins, a hedge fund manager, entrepreneur, author, and professional poker player, has discovered invaluable insights into the intersection of money and meaning. Through his book, Die with Zero: Getting All You Can from Your Money and Your Life, he challenges the traditional notion of hoarding wealth for the future. He advocates for living life to the fullest now, making meaningful experiences a priority over accumulating wealth that may never be fully enjoyed. In this episode of The Greatness Machine, Darius is joined by Bill Perkins to explore practical strategies for maximizing both your life and your finances. Drawing from his remarkable journey and the principles outlined in his book, Bill shares what it takes to create a life that is truly worth living. Topics include: The importance of living life to the fullest and maximizing experiences Bill explains Die with Zero and emphasizes the value of spending wealth strategically Being off autopilot and deeply understanding one's authentic desires and values The benefits of optimizing one's life in terms of money and time Enjoying the journey of life rather than solely focusing on achieving financial success Why it matters to balance entrepreneurship and relationships Bill warns against falling into the trap of pursuing wealth or status for ego gratification Aligning actions with long-term fulfillment rather than societal expectations  And other topics… Sponsored by: Brevo: Head over to brevo.com/greatness and use the code greatness to get 50% off Starter and Business Plans for the first 3 months of an annual subscription. Indeed: Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/darius. Shopify: Start your $1/month trial at Shopify.com/greatness. Connect with Bill: Twitter: https://twitter.com/bp22  Instagram: https://www.instagram.com/billperkins/  Book: https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/0358099765  Connect with Darius: Website: https://therealdarius.com/ Linkedin: https://www.linkedin.com/in/dariusmirshahzadeh/ Instagram: https://www.instagram.com/imthedarius/ YouTube: https://www.youtube.com/@Thegreatnessmachine  Book: The Core Value Equation https://www.amazon.com/Core-Value-Equation-Framework-Limitless/dp/1544506708 Write a review for The Greatness Machine using this link: https://ratethispodcast.com/spreadinggreatness.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Money is rarely just about math—it's about stories, habits, emotions, and, for ADHDers, often a deep sense of shame. In this episode, Pete and Nikki sit down with Nicole Stanley, financial coach and founder of Arise Financial Coaching, to unpack the hidden ways ADHD intersects with our finances—and how we can finally start to build a healthier, ADHD-friendly relationship with money.Nicole shares her own diagnosis journey and the challenges of postpartum depression, financial anxiety, and feeling “not enough” as a new mom. From there, she walks us through how our early experiences shape money beliefs (most of us make up our financial mindset by age seven!), and why traditional budgeting advice so often fails the ADHD brain.This conversation is a blueprint for anyone who's ever felt overwhelmed, behind, or just exhausted trying to “do money right.” Nicole reframes key concepts: how to spot the real root of your financial stress, why automating your systems might be better than trying to “budget harder,” and how to emotionally connect to your goals so you're actually excited to follow through.Plus: what financial coaches really do, how ADHDers can leverage dopamine to create a positive money loop, and the five core financial problems that every person needs to identify before they can move forward. Whether you're in credit card debt, unsure where your money's going, or just sick of feeling behind—this episode is your permission to drop the shame and start where you are.Links & NotesArise Financial CoachingYNAB (You Need A Budget)Become a Supporting MemberJoin the ADHD Discord CommunityDig into the podcast Shownotes DatabaseBooks Mentioned in This Episode:The Simple Path to Wealth by J.L. CollinsYour Money or Your Life by Vicki Robin & Joe DominguezI Will Teach You to Be Rich by Ramit SethiHappy Money by Ken HondaYou mean I'm Not Lazy, Stupid, or Crazy?! by Kate Kelly & Peggy RamundoDie with Zero: Getting All You Can from Your Money and Your Life by Bill Perkins (00:00) - Introducing Nicole Stanley (01:55) - Nicole's ADHD Journey (04:43) - Welcome to Taking Control: The ADHD Podcast (07:30) - ADHD Money Assumptions (13:17) - The Areas of our Financial Lives (17:57) - What does it mean to "retire well?" (33:22) - The Five Potential Problems in Your Financial Life (40:37) - Coaching, Counseling, Advising, Accounting ★ Support this podcast on Patreon ★

What a Fed Rate Cut Means for Your Money and #1 Financial Fear (and How To Beat It)The Fed just cut rates. What does this mean for your money? Wes breaks down what the latest Fed rate cut means for your personal finances. He discusses how a drop in rates impacts everything from mortgage rates and the housing market to your investment portfolio. Plus, Wes shares his insights on the biggest financial fear for many Americans and offers a simple solution to gain clarity and peace of mind. Mentioned on the show: Rule 72(t): Secret Rule To Access Your IRA Early Plus, Christa shares your #AskWes questions and Wes gives his take. All this and more on the September 23, 2025, Ask an Advisor episode of the Clark Howard podcast. Submit your questions at clark.com/ask. We hope you enjoy our weekly Ask An Advisor episodes, in which Christa and Wes discuss investing and retirement savings in depth. Let us know what you think in the comments! Learn more about Wes:  BOOKS BY WES MOSS     Wes Moss, CFP®  /  Wes Moss - Clark.com Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Wendy and Joe in Colorado ran the numbers, and their financial planning software says they'll have over $10 million when they pass. Wendy's wondering if they should continue converting to Roth while working, despite their high tax bracket. But has the software lulled them into a false sense of security? That's today on Your Money, Your Wealth® podcast number 548 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, which is smarter for "Kurt and Courtney" in New York: aggressively paying down their mortgage, or putting their extra money to work in the market before Kurt retires early in 20 years? Finally, when does it stop making sense for high-earners "Tim and Faith" in Boston to contribute to their Roth? The fellas duke it out on this one (and we figure out, based on our earliest musical interests, which era we're each children of.) Free Financial Resources in This Episode: https://bit.ly/ymyw-548  (full show notes & episode transcript) Pay Off the Mortgage? - YouTube playlist - Spotify playlist DOWNLOAD The Retirement Readiness Guide WATCH 4 Hard Truths About Retirement You Need to Face on YMYW TV Financial Blueprint (free, self-guided) Financial Assessment (free, meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter   Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings   Chapters: 00:00 - Intro: This Week on the YMYW Podcast 01:11 - Financial Software Says We'll Have $10M. Should We Continue Converting to Roth While Working, Despite Our High Tax Bracket? (Wendy, Loveland, CO) 16:35 - Watch 4 Hard Truths About Retirement You Need to Face on YMYW TV, Download the Retirement Readiness Guide 17:37 - What Are the Pros and Cons of Paying Off Our Home Before I Retire Early? (Kurt & Courtney, NY) 31:54 - Pay Off the Mortgage: YMYW Podcast Playlists on YouTube and Spotify, Calculate your free Financial Blueprint 32:51 - We're Late 40s With $3M + $2M RSUs. Continue Contributing to Tax-Deferred? Are We On Track for Retirement at 55 or 60? (Tim & Faith, MA) 46:15 - Next Week on the YMYW Podcast 46:37 - YMYW Podcast Outro

  Guest: Jordan Salim, Founder and CEO of 3:23 Financial Services   The views expressed in this podcast are for informational purposes only and should not be considered financial, investment, or legal advice. 3:23 Financial Services LLC is a registered investment adviser in the state of Texas. 3:23 Financial Services LLC is not affiliated with this podcast, and any financial advice is only provided through a formal advisory relationship with the firm.   Continued our great conversation with Jordan Salim, this time we talked about various financial missteps and pitfalls to avoid. This is helpful advice for every young man as you look to not only live well within the financial resources that the Lord has blessed you with and that you've worked hard for, but also as you look to be a mindful and cheerful giver meeting the needs of others and advancing the Kingdom of Heaven!   Some resources that were referenced and recommended during this podcast include the following:   Your Life…Well Spent: The Eternal Rewards of Investing Yourself and Your Money in Your Family by Russ Crosson   Every Good Endeavor: Connecting Your Work to God's Work by Tim Keller   T4M guys - just a reminder that Training4Manhood is a non-profit, 501(c)(3) ministry and you can make donations either via Zelle (info@training4manhood.com) or by visiting the Training4Manhood website.  

#246: Today we explore contrarian takes on budgeting, the 4% rule, retirement planning, and the risks of blindly investing in bonds. We also cover strategies for investing, spending, and rethinking how to use money with purpose. Tyler Gardner is a personal finance creator, educator, and former portfolio manager who's built a following by challenging conventional money wisdom. He's also the host of Your Money Guide on the Side. Link to Full Show Notes: https://chrishutchins.com/rethinking-personal-finance-tyler-gardner Partner Deals Trust & Will: Get 20% off personalized, legally binding estate plans LMNT: Free sample pack of my favorite electrolyte drink mix Mercury: Help your business grow with simplified finances Vuori: 20% off the most comfortable performance apparel I've ever worn Superhuman: Free month of the fastest and best email with code ALLTHEHACKS For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals Resources Mentioned Tyler: Podcast | Instagram | TikTok Should I Invest in Bonds? Bill Perkins: Die With Zero: Getting All You Can from Your Money and Your Life ATH Podcast Ep #91: Die With Zero: Net Fulfillment Over Net Worth with Bill Perkins Leave a review: Apple Podcasts | Spotify Email for questions, hacks, deals, and feedback: podcast@chrishutchins.com Full Show Notes (00:00) Introduction (00:54) The True Purpose of Wealth (04:18) Do We Really Need an Emergency Fund? (07:22) Where to Keep Your Money During Uncertainty (14:45) Quick History Behind the 4% Rule (18:18) Modifying the 4% Rule for Retirement (22:30) The Flaws of the 4% Rule (25:51) How People in Iceland Approach Careers (27:11) Why You Should Learn to Occupy Time with Your Passion (31:48) Pursuing a Portfolio Career (35:20) The Importance of Having "Financial Neighbors" (38:55) Tyler's One Piece of Advice to Everyone (42:29) The Problem of Inheriting Money Scripts (45:35) Ways to Overcome Frugality (49:57) Tyler's View on Budgeting (54:28) How to Think About Taking Risks (57:38) Monte Carlo Scenarios (01:02:26) The Coast FIRE Movement (01:04:41) Why Tyler Doesn't Like Bonds (01:06:54) The Core-Satellite Approach for Investing (01:12:38) Important Investing Lessons (01:13:56) Where to Find Tyler Connect with Chris Newsletter | Membership | X | Instagram | LinkedIn Editor's Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we weigh the potential of AI as a tool for financial literacy against its significant limitations, exploring why its "bare bones" advice may fall short of the personalized guidance needed for your most important financial decisions. Today's Stocks & Topics: CNM - Core & Main Inc., Market Wrap, CALM - Cal-Maine Foods, Inc., AI vs. Human: Can You Trust a Robot with Your Money?, ALLY - Ally Financial Inc., GCT - GigaCloud Technology Inc., First Rate Cut of the Year, SGOV - iShares 0-3 Month Treasury Bond ETF, TSM - Taiwan Semiconductor Manufacturing ADR, ASML - ASML Holding NV, ADMA - Adma Biologics Inc., Gold.Our Sponsors:* Check out Anthropic: https://claude.ai/INVEST* Check out Gusto: https://gusto.com/investtalk* Check out TruDiagnostic and use my code INVEST for a great deal: https://www.trudiagnostic.comAdvertising Inquiries: https://redcircle.com/brands

A YMYW listener from Missouri and his wife are retired at 69 and 67, with less than $2 million dollars. Should they continue converting retirement savings to Roth for the tax-free growth? What should they do about long term care insurance? More importantly, is our listener's name (Cousy) pronounced "Cuzzy" or "Koozy"? Speaking of Roth conversions, must “Peggy Hill” wait five years to withdraw her conversion money, or only its earnings? That's today on Your Money, Your Wealth® podcast number 547 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, is Skipper's retirement payout plan the killer deal he thinks it is? How can Jeff in Dallas pay less capital gains tax on his 3 million dollar single stock, million dollar 401(k), and potential eBay income? Is selling on eBay still a thing? Does Dolly in Tennessee need to empty her inherited IRA within the next 10 years due to the SECURE Act? And finally, HSA vs. HRA: how should Larry in Rhode Island navigate switching from his current employer's health savings account to his future employer's health reimbursement arrangement? Free Financial Resources in This Episode:  https://bit.ly/ymyw-547 (full show notes & episode transcript) 5 Year Rules for Roth IRA Withdrawals 2025 Key Financial Data Guide (newly updated with One Big Beautiful Bill changes) 10 Steps to Improve Investing Success What to Do When the Stock Market Gets Crazy - YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter   Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings   Chapters: 00:00 - Intro: This Week on the YMYW Podcast 01:11 - Should We Continue Roth Conversions in Retirement? What About Long-Term Care? (Cousy, MO) 13:03 - Must I Wait 5 Years to Withdraw My Roth Conversion, Or Only Its Earnings? ("Peggy Hill", MN) 21:50 - Is My Retirement Plan Payout the Killer Deal I Think It Is? (Skipper) 28:07 - How to Minimize My Capital Gains Tax? (Jeff, Dallas, TX) 33:37 - Must I Empty My Inherited IRA Within 10 Years With The SECURE Act? (Dolly, Bristol, TN) 37:50 - HSA and HRA: Health Savings Account vs. Health Reimbursement Arrangement (Larry, RI) 40:48 - Outro: Next Week on the YMYW Podcast

  Guest: Jordan Salim, Founder and CEO of 3:23 Financial Services   The views expressed in this podcast are for informational purposes only and should not be considered financial, investment, or legal advice. 3:23 Financial Services LLC is a registered investment adviser in the state of Texas. 3:23 Financial Services LLC is not affiliated with this podcast, and any financial advice is only provided through a formal advisory relationship with the firm.   Had a great conversation with Jordan about what financial “stewardship” is and what it means today. This is helpful advice for every young man as you look to not only live well within the financial resources that the Lord has blessed you with and that you've worked hard for, but also as you look to be a mindful and cheerful giver meeting the needs of others and advancing the Kingdom of Heaven!   Some resources that were referenced and recommended during this podcast include the following:   Your Life…Well Spent: The Eternal Rewards of Investing Yourself and Your Money in Your Family by Russ Crosson   Every Good Endeavor: Connecting Your Work to God's Work by Tim Keller   T4M guys - just a reminder that Training4Manhood is a non-profit, 501(c)(3) ministry and you can make donations either via Zelle (info@training4manhood.com) or by visiting the Training4Manhood website.

We heard your feedback, and today on Your Money, Your Wealth® podcast number 546, Joe Anderson, CFP® and Big Al Clopine, CPA are spitballing retirement for the not-so-fat wallets: Joe and Masako in Washington state and Reid in Indiana have less than a million saved. Can they still accomplish their retirement goals in their 60s? Mr Buckeye in Ohio and Old Macdonald in Maine have less than a million saved, and Curt in Pennsylvania has less than $1.5 million saved. Can they retire early - in their 40s and 50s?    Free financial resources & episode transcript: https://bit.ly/ymyw-546 DOWNLOAD The Going Solo Guide WATCH Going Solo: Navigating Your Financial Future Single on YMYW TV CALCULATE your free Financial Blueprint SCHEDULE your Free Financial Assessment ASK Joe & Big Al for your Retirement Spitball Analysis LEAVE YOUR HONEST RATINGS AND REVIEWS on Apple Podcasts SUBSCRIBE or FOLLOW on your favorite podcast app JOIN THE CONVERSATION on YouTube DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter Timestamps: 00:00 - Intro: This Week on the YMYW Podcast 00:36 - We're 59 and 65 with Less than $1M. Can We Still Accomplish Our Retirement Goals? (Joe and Masako, WA state) 08:18 - We're 33 with $200K. Can We Retire at 65 and Spend $159K/Year? (Reid, IN) 15:58 - Calculate your Free Financial Blueprint 16:32 - We're Early 40s With $795K. Can We Retire at 55? (Mr Buckeye, OH) 28:38 - Watch Going Solo: Navigating Your Financial Future Single YMYW TV, Download the Going Solo Guide 29:25 - I'm 43 With $50K and a Paid Off House. Can I Retire ASAP? (Old MacDonald, Limington, Maine) 37:35 - I'm 35 With $1.4M. Can I Retire at 45 and Spend $75K/year? (Conshohocken Curt, PA) 49:04 - Next Week on the YMYW Podcast 49:23 - YMYW Podcast Outro

One Big Beautiful Bill is now law. How does it impact your Roth conversion strategies and other financial decisions? Plus, you may have seen or heard other advisors talking about their strategies for getting your retirement savings into tax-free Roth accounts. How are these different from a good ol' Roth conversion, and what do Joe and Big Al think of them? Find out today on Your Money, Your Wealth® podcast number 545 with Joe Anderson, CFP® and Big Al Clopine, CPA. Also, why is Ed Slott, CPA, the man known to many as "the IRA guru," such a fan of permanent cash value life insurance? Finally, an attempted correction from a YMYW YouTube viewer turns into a rousing game of death trivia, and we'll share some of your opinions from the 8th Annual YMYW Podcast Survey, which just closed. (Congratulations Larry, for being the randomly-chosen winner of the $100 Amazon e-gift card, just for completing the survey!) Free financial resources & episode transcript: https://bit.ly/ymyw-545 DOWNLOAD The Ultimate Guide to Roth IRAs WATCH Your 11 Step Path to Financial Freedom on YMYW TV CALCULATE your free Financial Blueprint SCHEDULE your Free Financial Assessment ASK Joe & Big Al for your Retirement Spitball Analysis LEAVE YOUR HONEST RATINGS AND REVIEWS on Apple Podcasts SUBSCRIBE or FOLLOW on your favorite podcast app JOIN THE CONVERSATION on YouTube DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter