Teaching you all about IRAs & Roth IRAs, employer retirement plans, taxes, Social Security, Medicare, portfolio withdrawal strategies, annuities, estate planning and much more!
…
continue reading
A mindset, money, and life podcast for late starters catching up to Financial Independence.
…
continue reading
Andy summarizes the tax-related concepts to know when giving to charities, and summarizes a few ways in which to make your charitable donations as tax-efficient for you as possible Links in this episode: IRS Publication 526 - here My YouTube video - How to Give to Charities Tax Efficiently My YouTube video - Overview of Federal Income Taxation Teno…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Enoughness: Your Life or Your Money | Vicki Robin | 95
1:00:13
1:00:13
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:00:13
Join hosts Bill and Jackie as they delve into a profound conversation with Vicki Robin, co-author of 'Your Money or Your Life.' Vicki discusses the concept of 'enoughness' as a spiritual practice and the fulfillment curve, offering insights into how recognizing enough can lead to a more satisfying life. The dialogue covers financial independence, t…
…
continue reading
Join Bill and Jackie in an engaging conversation with Vicki Robin, co-author of the best-selling book 'Your Money or Your Life'. Vicki shares her insightful philosophy on financial independence, community resilience, and the power of frugality. She discusses her journey from active community building to aging with purpose on Whidbey Island, and how…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#114 – Retirement planner chat, with me...Andy Panko from Tenon Financial
1:54:44
1:54:44
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:54:44
We're switching things up a bit! In this week's episode, guest host Mike Powers (from Manuka Financial; was a previous guest on the podcast) chats with the show's host, Andy Panko from Tenon Financial. In the episode, they talk about a wide array of retirement planning topics and Andy's view and approach toward them, such as tax planning, distribut…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Millennial Revolution is in The House! | Kristy Shen, Bryce Leung & Little Matchstick | 93
1:06:57
1:06:57
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:06:57
Subscribe and Watch on YouTube Kristy Shen and Bryce Leung are the dynamic duo behind the Millennial Revolution blog and movement. In this insightful episode, Kristy and Bryce discuss their journey from house-hunting to achieving Financial Independence (FI) and retiring in their early 30s. They delve into why they chose to reject traditional housin…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#113 - Q&A edition...how to find a retirement tax planner, Medicare premium surcharges, bullet maturity bond ETFs and MORE!
54:46
Listener Q&A where Andy talks about: Can you retroactively increase your income for a prior tax year ( 2:37 ) How to find a retirement planning tax specialist ( 8:16 ) How the Medicare IRMAA premium surcharge income lookback works ( 17:24 ) Determining how much mega back door Roth contributions to do ( 22:02 ) Is it okay to employ your child part-t…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Twin Towers: Lessons in Financial Freedom from Wall Street to Main Street | The Wealth Twins | 92
1:14:24
1:14:24
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:14:24
Subscribe and Watch on YouTube Meet Nadia and Nicole, the Wealth Twins! Raised by a single mother in New York City's toughest projects, these twin sisters overcame obstacles to graduate from Columbia University, work on Wall Street, and ultimately achieve early retirement. In this episode, they recount experiences from 9/11 and the 2008 financial c…
…
continue reading
Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Jane (an anonymous name). They talk about a wide array of retirement planning topics such as when she started getting serious about retirement planning, what she wishes she would have known earlier, what she learned from seeing her p…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Stacking Washingtons in Joe’s Mom’s Basement and The Efficient Frontier | Joe Saul-Sehy | 091
1:12:04
1:12:04
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:12:04
Subscribe and Watch on YouTube Joe Saul-Sehy of Stacking Benjamins joins the show to discuss financial planning, overcoming debt, and the importance of surrounding yourself with the right people. Joe shares his personal journey of financial mismanagement as a young financial planner, the principles behind the efficient frontier, and his thoughts on…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#111 – Retirement planner chat, with Victor Medina from Palante Wealth
1:27:12
1:27:12
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:27:12
Andy chats with fellow retirement planner Victor Medina, CFP®, RICP®, CELA® from Palante Wealth. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers often …
…
continue reading
I'm a buffoon and I missed including another important pro of doing an employer plan-to-IRA rollover in episode #110's list of pros and cons of rollovers. The additional potential pro is the ability to do Qualified Charitable Distributions ("QCDs") out of the IRA if you're at least 70 1/2 and charitably inclined. So, the recap the full list of pros…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
In the Line of FIRE | Escaping Avalon | 090
1:04:55
1:04:55
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:04:55
Subscribe and Watch on YouTube Bill and Jackie sit down with 'Jay,' an anonymous guest who shares his incredible journey from a military and police background to achieving financial independence by the age of 39. Jay discusses his experiences on the SWAT team and as an undercover detective, and the mental health challenges that came with his career…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#110 - Pros and cons of rolling over employer plans [like a 401(k)] to an IRA
1:05:22
1:05:22
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:05:22
Andy summarizes the pros and cons of rolling over an employer plan (such as a 401(k), 403(b), 401(a), 457 or the federal Thrift Savings Plan) to an IRA or Roth IRA. To sum up: Potential PROS of rolling over an employer plan to an IRA or Roth IRA: More investment options Likely lower fees and costs Access to professional advice Better control over t…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Twin Wins with the Baughier Brothers: CampFI, EAGLE Cohousing, and Fiology | David & Stephen Baughier | 089
1:24:31
1:24:31
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:24:31
Meet David and Stephen Baughier, twin brothers and prominent figures in the Financial Independence community. David, a 20-year Navy veteran and founder of Fiology, and Stephen, creator of CampFI, share their financial journeys from early money lessons to becoming community leaders. David, Stephen, Bill, and Jackie discuss the impact of life events,…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#109 - Q&A edition...how to know if your 401(k) is good, how much tax to withhold from Social Security, should you invest in International stocks and MORE!
43:43
Listener Q&A where Andy talks about: How to know if your 401(k) is good ( 5:57 ) Is it safer to bank at multiple banks instead of just one ( 14:33 ) How much tax should you withhold from your Social Security ( 21:10 ) Whether each spouse needs to take out excess Roth IRA contributions if only one spouse's income put their Married Filing Joint total…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Why Does the Stock Market Always Go Up? | Brian Feroldi | 088
1:15:04
1:15:04
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:15:04
Today we dive deep into the stock market with special guest, Brian Feroldi. As a financial educator, YouTuber, and author of “Why Does the Stock Market Go Up?”, Brian shares his wisdom on the long-term growth of the S&P 500, the significance of stock market indices, and the nuances of volatility and investment strategies. Bill, Jackie, and Brian di…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#108 – Retirement planning chat with "real" people, Ali & Alison Walker
1:38:27
1:38:27
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:38:27
Andy chats with real people (not advisors) doing their own retirement planning. In this episode, Andy talks with Ali & Alison Walker, who live in Arizona currently but lived and traveled abroad for a few years after retiring. They talk about a wide array of retirement planning topics such as when Ali & Alison started getting serious about retiremen…
…
continue reading
Subscribe and Watch on YouTube Amy Weinland Daughters is an award-winning author and keynote speaker, who joins Bill and Jackie to chat about the powerful impact of handwritten letters in the digital age. Amy shares her unique journey of reconnecting with an old friend, leading to an inspiring project of writing 580 letters to her Facebook friends.…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#107 – Retirement planner chat, with Mike Powers from Manuka Financial
1:51:51
1:51:51
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:51:51
Andy chats with fellow retirement planner Mike Powers, CPA, PFS, CFP®, from Manuka Financial. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers often ove…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
The Powers of Starting Late, Retirement Calculators, and More | Chris Mamula | 086
1:04:42
1:04:42
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:04:42
Subscribe and Watch on YouTube Chris Mamula, a former physical therapist who achieved early retirement at 41, shares his journey from financial mistakes to becoming a Certified Financial Planner (CFP) and a prominent voice in the FIRE movement. Discover practical tips on budgeting, saving during peak earning years, and utilizing retirement calculat…
…
continue reading
Andy talks about the main points to consider when deciding when to start your Social Security retirement benefits Links in this episode: Tenon Financial June 2024 newsletter discussing how to optimize your Social Security claiming decision - here Retirement Planning Education June 2024 blog discussing how to optimize your Social Security claiming d…
…
continue reading
Here is the second half of Bill and Jackie’s conversation with Mindy and Scott on the BiggerPockets Money Podcast. They dig into the practical steps on how to start your financial journey as a late-starter. Enjoy! 🔗 Connect with us Buy CUtFI a coffee Record a message for CUtFI Thank you to our sponsors: Personal Finance Club (Use code CUTOFI to get…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
The Power of Reinvention with The Financial Tortoise | Tae Kim | 084
1:00:47
1:00:47
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:00:47
Tae Kim, also known as the Financial Tortoise online, is a former U.S. Army captain, MBA graduate, and finance director turned successful personal finance YouTuber. He shares his journey from being $105,000 in student debt to achieving financial security and discovering the Financial Independence movement. Tae chats with Bill and Jackie about his e…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#105 - Q&A edition... having mortgages in retirement, understanding Medicare coinsurance, when to consider long term care insurance and MORE!
54:59
Listener Q&A where Andy talks about: Whether or not it's okay to have a mortgage or rent in retirement ( 1:56 ) Medicare Part B coinsurance of 20% and whether Medigap/Supplemental policies are worth it ( 8:50 ) How much money is TOO MUCH money to have in a Health Savings Account ( 13:50 ) If I've changed any of my views or processes around retireme…
…
continue reading
Bill and Jackie were invited to join Mindy and Scott on the BiggerPockets Money podcast to go through a step-by-step process of how to get started on the path to financial independence as a late-starter, a topic highly relevant to their audience. Take a listen to this week's part one and then tune in next week for part two! 🔗 Connect with us Buy CU…
…
continue reading
Meet Aaron Thomas, an attorney, founder of Prenups.com, and author of the book "The Prenup Prescription." In perfect time for wedding season, Aaron chats with Bill and Jackie about how a proper prenup can not only protect but improve your relationship. As a former divorce attorney who helped hundreds of clients secure favorable settlements, Aaron s…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#104 – Retirement planning chat with a "real" person, Laura Maione
1:11:07
1:11:07
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:11:07
Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Laura Maione, who lives in Illinois and retired during the pandemic. They talk about a wide array of retirement planning topics such as when Laura started getting serious about retirement planning, what she wishes he would have known…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
How to Think About Time: A Humble Legacy | Jonathan Clements | 081
1:29:01
1:29:01
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:29:01
Today we're rerunning our episode with Jonathan Clements who is a dear personal friend and a friend of our community. He recently posted on his blog, HumbleDollar, about his final lap around the sun yesterday. Let’s send him our love. 🔗 Connect with us Buy CUtFI a coffee Record a message for CUtFI Thank you to our sponsors: Personal Finance Club (U…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Green Makes Green | Kyle Landis-Marinello | 080
1:01:26
1:01:26
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:01:26
Kyle Landis-Marinello is a practicing attorney specializing in environmental and energy law. Bill and Jackie dive deep with Kyle into topics such as socially responsible investing, student loan forgiveness, and his book, Personal Finance and Investing: How Anyone can Make More, Spend Less, and Invest Wisely. We also learn about Kyle’s unique financ…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#103 – Retirement planner chat, with Angie Furubotten-LaRosee from Avea Financial Planning
1:33:48
1:33:48
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:33:48
Andy chats with fellow retirement planner Angie Furubotten-LaRosee CFP®, from Avea Financial Planning. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Indiana Jones and an Extraordinary Life with the Donegans | Alan and Katie Donegan | 079
1:09:26
1:09:26
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:09:26
Meet the dynamic duo, Alan and Katie Donegan! The Donegans, known for their Rebel Finance School and Rebel Business School, share their insights on living an extraordinary life, both financially and personally. From defining what “extraordinary” means on an individual level to the importance of financial independence and entrepreneurship, Alan and …
…
continue reading
Andy gives a summary of the key takeaways from the recently released 2024 Social Security Trustees Report Links in this episode: The 2024 Social Security Trustees Report - here The "Summary of Provisions That Would Change the Social Security Program" - here Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirem…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
CyberFI and the FBI | Donna Peterson | 078
1:15:37
1:15:37
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:15:37
Donna Peterson is a retired supervisory special agent and joins Bill and Jackie to cover the essential topic of internet and financial security. Drawing from her extensive background in combating cybercrime with the FBI, Donna shares her expert advice on how to secure personal and financial information against common hacks, the importance of two-fa…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#101 - Q&A edition...Choosing a custodian, 401(k) contribution limits, gift tax exclusion limits and MORE!
34:24
Listener Q&A where Andy talks about: How to choose a brokerage firm/custodian to use ( 3:00 ) How frequently to rebalance your portfolio ( 11:46 ) Annual 401(k) contribution limits between employee and employer contributions ( 14:55 ) Understanding gift taxes, when a gift tax return is required, the lifetime gift/estate size exemption and the annua…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
The Life and Death of The 4% Rule | Christine Benz | 077
1:10:49
1:10:49
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:10:49
Christine Benz is the Director of Personal Finance and Retirement Planning at Morningstar. Christine shares her extensive insights into retirement planning, emphasizing the flexibility and adaptability of the 4 percent guideline over the rigid 4 percent rule. She discusses the value of variable withdrawal strategies, the importance of personalizing…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#100 – 100th episode celebration!!! Andy's 100 words of retirement planning wisdom
1:30:56
1:30:56
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:30:56
Thank you for your support through 100 episodes!!! 🥳 To celebrate the milestone of the 100th episode, Andy shares his 100 best bits of retirement planning wisdom, broken up into 10 topics of 10 pieces of wisdom each. The 10 topics are: 1) Investments, 2) Social Security, 3) Medicare, 4) Taxes, 5) Estate & Legacy Planning, 6) Annuities & Life Insura…
…
continue reading
In part 2, Jeff York continues his discussion with Bill and Jackie about the financial importance of amicable divorces, the nitty gritty on his investments, and how he was able to "graduate" on his modest salary. The three also dive deep into Jeff's unique lifestyle, the necessity of personal health before and after retirement, and the rewarding na…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#099 – Retirement planning chat with a "real" person, Al DiSalvio
1:02:45
1:02:45
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:02:45
Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Al DiSalvio, who lives in New Jersey and plans on retiring in 2025. They talk about a wide array of retirement planning topics such as when Al started getting serious about retirement planning, what he wishes he would have known earl…
…
continue reading
In this special pop up episode, Bill, Jackie, and special guest Amy Coroso engage in a thought-provoking discussion sparked by a controversial New York Times Magazine article about the FIRE (Financial Independence, Retire Early) movement. The three chat about the article's portrayal of diverse financial independence approaches as well as the articl…
…
continue reading
Jeff York is a remarkable individual whose journey from custodian to millionaire offers a wealth of inspiration and practical advice. Jeff's story breaks down conventional barriers, showcasing the power of education, financial literacy, and personal responsibility. From his unique investment strategies and the importance of health to his experience…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#098 – Retirement planner chat, with Lauren Hunt from Daybreak Wealth Management
1:13:01
1:13:01
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:13:01
Andy chats with fellow retirement planner Lauren Hunt, CFP®, from Daybreak Wealth Management. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when someone has "enough" to retire, what consumers often overlook in reti…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Sustainable FIlosophy with Mr. Money Mustache | Pete Adeney | 073
1:09:11
1:09:11
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:09:11
He’s here, Mr. Money Mustache! Also known as Pete Adeney, the financial independence OG shares his story with Bill and Jackie. From retiring at 30 and starting one of the most popular blogs in the community to the importance of choosing sustainability with your money. The three discuss some of Pete’s most impactful articles (listed below), highligh…
…
continue reading
Explanation of the Required Minimum Distribution ("RMD") rules for inherited IRAs Links in this episode: The IRS's Single Life Expectancy Table Charles Schwab's Inherited IRA Withdrawal Rules Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube chan…
…
continue reading
In celebration of Financial Literacy Month, Tim Ranzetta, co-founder of NextGen Personal Finance, chats with Bill and Jackie on the transformative power of teaching personal finance to students. Discussing stats, stories, and strategies, this episode covers everything from the ripple effects of financial literacy to state-level advocacy for require…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#096 - Q&A edition...US government debt concerns, Health Savings Accounts, how to estimate taxes and MORE!
45:51
Listener Q&A where Andy talks about: Am I concerned about the increasing amount of US government debt, and how do I think it will impact retirees' investments ( 1:32 ) Are there any custodians that offer Roth versions of SEP IRAs ( 16:58 ) Is there a simple way to estimate what your total taxes will be for the year ( 19:28 ) Could it make sense to …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
From Tech Stocks to Toilet Brushes: The Jensens' FI Journey | Mindy and Carl Jensen | 071
1:06:46
1:06:46
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:06:46
Although you’ve probably heard of this powerful pair, Mindy and Carl Jensen hop onto our show to share their personal journeys to financial independence and beyond. The Jensens discuss their experiences with podcasting, real estate investing, individual stock investments, and the lifestyle adjustments they've made after achieving financial independ…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#095 – Retirement planning chat with a "real" person, Judy Ocaya
1:23:22
1:23:22
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:23:22
Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Judy Ocaya, who lives in California and retired in 2019. They talk about a wide array of retirement planning topics such as when Judy started getting serious about retirement planning, what she wishes he would have known earlier, how…
…
continue reading
In Part 2 of Bill and Jackie’s conversation with JL Collins, the three explore his latest book “Pathfinders” and unravel the powerful narratives that underscore the ethos of financial independence. The trio discuss various topics such as the significance of starting early in investments, the pivotal moments which define one’s financial path, and th…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#094 – Retirement planner chat, with David and Mary Oransky from Laminar Wealth
1:25:49
1:25:49
Riproduci in seguito
Riproduci in seguito
Liste
Like
Like aggiunto
1:25:49
Andy chats with fellow retirement planners Devin Oransky and Mary Oransky, from Laminar Wealth. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when someone has "enough" to retire, what consumers often overlook in re…
…
continue reading
Welcome back, JL Collins! Affectionately known as the Godfather of FI, Collins returns to discuss his latest book, "Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence" which explores real-life stories of individuals from diverse backgrounds navigating the journey toward financial freedom. Bill and official…
…
continue reading