*If listening on Spotify, you can now leave a 5-star review* Why does it seem like bonuses are taxed at a higher rate than normal? I break down the numbers. Also in this episode is a brief overview of what tax forms to look for from your retirement and non retirement investment accounts. The Social Security tax limit for income that I couldn't remember off hand is $147,000 for 2022. www.lifepointplanning.com/blog for links to articles from this episode.

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WAYT S3E3: Are bonuses taxed at a higher rate than normal?; What tax docs do you need from your investment accounts?

Should your advisor tell you what your income should be in retirement? What's the best way to determine how much a retiree can spend based on their asset levels and income needs? Let's find out.

WAYT S3E2: Calculating Retirement Income

**If listening on Spotify, please leave a 5-star review** In this episode: I discuss a mindset shift I've seen with my clients and prospects. How the 12-year bull market has impacted investor psychology. The most popular podcast episodes from 2021. Link to Portfolio Visualizer referenced in the episode.

WAYT S3E1: Covid Mindset Shift, Stock Market Psychology, Most Popular Episodes from 2021

In this episode, Colin Overweg joins me to discuss fee structures in financial planning. We talk about what types of clients might be the best fit for each type of model and also discuss the pros and cons of each model for both the advisor AND the client. Colin utilizes the flat-fee model for a lot of his clients, so make sure you stick around to listen who that model is best suited for. AUM or percentage-based fees 00:00 - 22:00 (AUM pros and cons 13:00) Flat fees 22:00 - 41:00 (33:00 Pros and cons of a flat fee) Commission-based 41:00 - 46:00 Hourly fees 46:00 - 53:30

WAYT S2E12: Guest Colin Overweg, CFP® - Fee Structures and What You Should Know

You may have heard that a diversified portfolio is the best for most people. Is that the truth? If so, why? What are the pros and cons? Link to asset class returns "quilt" here.

WAYT S2E11: Diversification vs. Concentration in Investing

You may think the words "saving" and "investing" mean the same thing. You may wonder which one is "safer" or "better". In this episode, it's back to basics. Explaining the differences, pros and cons, and what it means to save and/or invest. This discussion has good takeaways for investors of all ages.

WAYT S2E10: Saving vs. Investing

Ever wondered about the best ways to merge/combine finances with your partner? In this episode, we talk about a few different ways that merging finances can work and also the pros and cons.

WAYT S2E9: Combining Finances In A Relationship

A quick refresh on marginal vs. effective tax rates from episode 7. After that, it's all about reverse budgeting aka pay yourself first. Wouldn't it be nice to save first, automate everything, and then not feel guilty about spending the rest? Let's discuss.

WAYT S2E8: Income Tax Refresh, The Best Way to Budget

How do federal taxes even work? What's the difference between marginal and effective tax rates? Should the US tax income (current process) or should it tax wealth and assets? Let's discuss. The marginal tax rate is the rate of tax charged on a taxpayer's last dollar of income. The effective tax rate is the actual percentage of taxes you pay on all your taxable income. YouTube video about taxing the rich from 2019.

WAYT S2E7: Federal Taxes 101, Taxing Income vs. Wealth/Assets

Have you noticed that you're paying the same price for a small amount at the grocery store? Some companies are utilizing "shrinkflation" to combat rising prices. What about credit cards? Are they really a terrible thing to have? Let's walk through how I invest, which platforms I use, and which ETF's I own. Do you have a will? How about at least making sure your beneficiaries are correct on your accounts?

WAYT S2E6: Shrinkflation, Credit Cards, How I Invest, Make a Will Month

Did you know that $SBUX has become a nice dividend-paying stock? What if you invested in it 10 years ago? How secure are your passwords? Do you use a password vault? The Bobby Bonilla cell phone plan - would you prepay your cell phone bill for 25 years? Lastly, Roth IRA's for Medicaid qualification. What you need to remember.

WAYT S2E5: Starbucks, Password Security, 25 Year Prepaid Cell Phone Plan, Medicaid and Roth IRA's

S2E4 - How do you know which risk tolerance to choose when picking a portfolio? What's the difference between risk tolerance and risk capacity? When using software to make a financial decision, the software doesn't care about you. Are you confident in all areas of your financial life? If not, it's time to gain some confidence. Links to Apple and Spotify

WAYT S2E4: Choosing the "right" risk tolerance and adding confidence to your financial life

Season 2, Episode 3: Did you make any mistakes with your money during the "Covid Market" of 2020? We talk about a couple of mistakes seen from prospects/clients and what to do to avoid them. After that, we discuss cookie-cutter portfolios (the classic 3-4 fund portfolio of index funds) and who they may or may not be a good fit for. Lastly, we spend some time on what to look for in an advisor's mindset when interviewing them - do they have an open mind, or do they see things in more of a cut and dry mentality?

WAYT S2E3: Covid Market Mistakes, Cookie-Cutter Portfolios, Advisor's Mindset Hurting the Client

Season 2, Episode 2.2: Let's talk specifics. What themes does an investor have to understand should they want to put themselves in a position to beat the market? Topics discussed: diversification vs. concentration, using leverage (options), and investing in the correct account type.

WAYT S2E2.2: What does it take to beat the market? Pt. 2

Season 2 Episode 2.1: The holy grail of investing seems to be whether or not someone can beat the market. Family, friends, people you meet on the golf course or in social settings always seem to bring up the stock (stonk) with which they made a killing. But is it possible to beat the market consistently, long-term? Let's assume that the answer is yes (even though it could be argued). In this episode, we talk about what it even takes to get a seat at the table, to put yourself in position, to even give you the chance, to beat the market.

WAYT S2E2.1: What does it take to beat the market? Pt. 1

Two financial advisors talk current financial topics and social culture.

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