financial planning

To Trust Or Not To Trust… Are They Right for You?

To trust or not to trust… that is the question we’re tackling in this week’s episode. Trusts are often surrounded by misconceptions. Many believe they are only for the wealthy or that they complicate financial planning. But what’s the truth of the matter? Should you have one?

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Financial Fees – Getting to the Bottom Line

When it comes to managing your finances and planning for retirement, one of the most dreaded topics is fees. Whether you’re investing in mutual funds or working with a financial advisor, fees are an inevitable part of the process. In this episode, Phil takes a deep dive into the world of financial fees, breaking down their types and explaining their impact on your investments.

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Retirement Planning Ideas That Have Become Obsolete

Just like your iPhone or computer can become obsolete and need to be replaced, the way some people think about retirement is outdated and needs to be refreshed. As financial landscapes evolve, clinging to old assumptions can jeopardize your retirement security. Let’s explore some retirement planning ideas that many still cling to, but are no longer effective in today’s financial landscape.

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All In One Basket? The Risks of Sector Investing

We know you shouldn’t put all your money into a single stock. But what about putting a lot of it into a strong market sector, diversified among different companies? Would it ever make sense to do that? In today’s episode of Phil’s Tax Hacks, we’re answering that question.

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The Rise of Retiree Healthcare Costs

The future of retiree health care costs is on the rise. In fact, the Employee Benefit Research Institute released numbers for 2023 showing an 8% increase in retiree healthcare costs for the year. Stay tuned as Phil and Marc unpack these latest figures, which suggest that a typical U.S. couple may need upwards of $413,000 to cover their healthcare expenses in retirement.

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Reasons Why You Might Need a Financial Advisor

Some people feel that they’ll save money by handling their investments themselves instead of working with an advisor. Others may like the challenge of doing it themselves. Still others just don’t know who to trust so they end up not working with anyone. Let’s talk about some reasons that you might need an advisor.

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Retirement Planning Fear, Procrastination, and Indecision

Navigating financial decisions, especially as retirement approaches, can be a challenging terrain for many investors. Whether it’s the anxiety around making the right choices or grappling with an overload of information, it can be tempting to push off important retirement planning conversations. It’s a familiar scenario – putting things off to “next week,” only to find that “next week” turns into a long period of indecision.

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Retirement Planning Is Harder Than It Used To Be (Part 2)

Every generation likes to talk about how much harder things used to be when they were kids. Like all of the people who used to have to walk five miles to school, in the snow, uphill both ways. But they had at least one thing that was EASIER…and that was retirement planning.

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Retirement Planning Is Harder Than It Used To Be (Part 1)

Every generation likes to talk about how much harder things used to be when they were kids. Like all of the people who used to have to walk five miles to school, in the snow, uphill both ways. But they had at least one thing that was EASIER…and that was retirement planning.

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Will The Economy Boom Or Bust In 2024?

Everyone wants to know. Will the economy boom or bust in 2024? Join us as we explore a range of expert predictions, from the shifting trends in housing prices to the looming question of a potential recession or stock market crash.

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Are Your Good Money Habits Holding You Back? (Part 2)

This episode might be a bit counterintuitive. We’re going to question the real impact of common financial habits. Are the strategies you consider beneficial working in your favor? In part two, we explore the pros and cons of practices like paying off debt early and keeping up with the financial news.

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The U.S. Retirement System On The Global Stage

Join us as we analyze the strengths and weaknesses of the U.S. retirement system and compare it to other retirement systems around the globe.

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Santa’s Naughty or Nice Investment Guide

In this festive episode, we’ll sift through a sleigh-full of financial products and strategies to find out which ones deserve a spot in your financial stocking this year, and which ones are the proverbial lumps of coal. This will be an educational episode for all investors, whether you’ve been financially naughty or nice this year…

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Strategic Planning for Retiree Healthcare

In today’s episode, we’re focusing on a critical aspect of retirement planning: healthcare costs. How well-prepared are you to handle medical expenses after you retire? Join Phil and Marc as they discuss the common pitfalls pre-retirees face when it comes to healthcare preparedness and offer insights into how to navigate the evolving landscape of healthcare options.

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Financial Tweaks That Matter: Small Steps, Big Impact (Part 2)

Ever thought that minor tweaks in your financial plan could lead to major wins? Join us as we jump back into our conversation on the powerful world of simple financial adjustments. Stay tuned as we unpack some seemingly small steps that can bring about big, positive ripples in your financial life.

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Financial Tweaks That Matter: Small Steps, Big Impact (Part 1)

Ever thought that minor tweaks in your financial plan could lead to major wins? Join us in this episode as we unravel the surprisingly powerful world of simple financial adjustments. Stay tuned as we unpack some seemingly small steps that can bring about big, positive ripples in your financial life.

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The Financial Red Zone

The final decade before you reach retirement is often referred to as the financial red zone, and it’s arguably the most important time for planning. Not only is it typically your highest-earning years of work, but the window for getting your retirement in order is closing quickly. With that in mind, we wanted to take a little time to lay out some of the keys to converting in the financial red zone.

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Retirement Planning’s “Hidden” Questions

The retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future. In this episode, we unearth and tackle these hidden, but essential questions about retirement.

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Even Responsible Savers Can Make Mistakes

It might sound a bit counter-intuitive but saving might also get you in trouble once you reach that next chapter. Even for people who have been very responsible with their money over the years, entering retirement can still be a challenge because it’s such a different stage of life.

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Getting Started: A Financial Plan’s First Steps

If the thought of putting together a financial plan is overwhelming to you, know that you aren’t alone. With many moving pieces and endless sources of information, the most difficult part of building a financial plan is knowing where to start.

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