#healthsavingsaccounts #moneyandmortgages #HSAs

In this episode, host Adam Coleman welcomes back Doug Tease, a Certified Financial Planner with Jason Howell Company, to delve into the intricacies of Health Savings Accounts (HSAs). Doug provides a comprehensive overview of HSAs, discussing who qualifies, key benefits like the triple tax advantage, and strategic ways to use and invest HSA funds. The conversation covers comparisons between high deductible health plans and more traditional plans, and Doug offers valuable tips on tracking expenses, optimizing long-term growth, and making tax-efficient withdrawals. A must-watch for anyone looking to maximize their healthcare savings and investment strategies.

For more info on Doug: https://www.jasonhowell.com/our-team/douglas-w-tees

00:00 Introduction and Guest Welcome

00:43 Understanding Health Savings Accounts (HSAs)

01:37 Tax Advantages of HSAs

02:07 Eligibility and Plan Requirements

03:34 Investment Opportunities with HSAs

05:04 Comparing High Deductible Plans and Traditional Plans

09:17 Employer Contributions and Plan Selection

12:22 Managing and Rolling Over HSAs

14:07 Investment Strategies for HSAs14:56 Optimal Withdrawal Strategies

20:45 Planning Considerations and Final Thoughts

23:52 Conclusion and Contact Information

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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

#cornerstoneprocess #moneyandmortgages #financialplanning

In this episode, host Adam Coleman welcomes back Austin Coley, a Certified Financial Planner™ from McCall & Associates, to discuss "The Cornerstone Process". This process is designed to align clients' financial goals with their personal values and dreams, moving beyond mere numbers to encompass what truly matters most to them. They explore the origins of the cornerstone process, touching on its inspirations from charitable giving strategies and how it can transform financial planning discussions. Austin elaborates on five key questions that help clients identify their core values and goals, explaining how these are integrated into a comprehensive financial plan. The conversation also touches on the differences in planning across various life stages, from accumulation to legacy, and emphasizes the importance of honest and open dialogue in financial decision-making.

To learn more about Austin's firm and the Cornerstone Process visit: https://www.mccallandassociates.com/the-cornerstone-process

00:00 Introduction and Guest Welcome

00:24 Understanding the Cornerstone Process

02:02 Origins of the Cornerstone Process

06:11 The Five Key Questions

09:57 Client Experiences and Unique Answers

12:45 Handling Different Goals and Prioritization

21:46 Review and Revisions of Goals

27:10 DIY Financial Planning Tips

29:08 Conclusion and Contact Information

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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

McCall & Associates Disclaimer:

Our address: 5217 Maryland Way, Ste 401 Brentwood, TN 37027

My Title: CERTIFIED FINANCIAL PLANNER™ at McCall & Associates

Phone number: 615.370.4040

Disclosure: First National Bank and McCall & Associates are not registered broker/dealers and are independent of Raymond James Financial Services. Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC, and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Any opinions are those of Austin Coley and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. The information contained within does not purport to be a complete description of the securities, markets, or developments referred to in this material.

#lifetransitions #moneyandmortgages #financialplanning In this episode, host Adam Coleman interviews Brandon Cabaniss, a Certified Financial Planner™ with Williams Wealth Management. They explore financial planning during major life transitions, specifically focusing on divorce and caregiving. Brandon shares personal stories that drive her passion for helping clients through these changes, emphasizing the importance of cash flow management, asset division, and strategic planning. They discuss various financial considerations, such as liquid assets, budgeting, and long-term care, as well as the emotional and logistical challenges that accompany these transitions. Brandon highlights the need for early engagement with financial planners and the creation of supportive, well-informed teams to navigate these complex situations effectively. To learn more about Brandon's firm visit: https://wwmgreenville.com/ 00:00 Introduction 00:40 Personal Story and Motivation 01:55 Financial Planning During Divorce 02:46 Cash Flow and Liquidity Concerns 04:20 Navigating Asset Division 12:55 Caregiving Financial Considerations 20:05 Long-Term Care Planning 28:12 Final Advice and Resources Follow Me for more tips on all things Mortgage and Personal Finance: https://adamcolemanmortgage.com/ https://adamcolemanfinance.com/ https://www.facebook.com/AdamColemanFinance https://www.instagram.com/adam.coleman.finance https://www.linkedin.com/in/adamcoleman37 https://www.youtube.com/@adam.coleman.finance Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

#businessowners #moneyandmortgages #financialplanning

In this episode, host Adam Coleman interviews Kelly Berenbaum, a Certified Financial Planner™ and founder of Blue Tree Financial, about financial considerations for business owners. They discuss Kelly's flat fee financial planning model, tailored specifically for business owners, and the advantages it offers over traditional asset management. Kelly shares her insights on the importance of business entity structures, retirement planning options, and exit strategies. They also explore tax planning differences between business owners and W2 employees, and the significance of treating a business as a primary asset while balancing personal financial goals. Kelly emphasizes the need for business owners to plan holistically and engage the right professionals to achieve their financial objectives.

To learn more about Kelly's firm visit: https://bluetreefi.com/

00:00 Introduction and Guest Welcome

00:38 Kelly's Journey to Financial Planning for Business Owners02:18 Flat Fee Financial Planning Model

04:18 Exit Planning for Business Owners

06:05 Financial Planning Advantages for Business Owners

08:19 Balancing Business Investments and Personal Finances

12:20 Tax Planning for Business Owners vs. W2 Employees

18:09 Retirement Plans for Business Owners

25:03 Exit Strategies and Final Advice

28:13 Conclusion and Contact Information

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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

#financialwindfall #moneyandmortgages #financialplanning

In this episode, host Adam Coleman chats with Pam Friedman, a Certified Financial Planner™ from Austin, Texas, about the intricacies of handling windfalls—a sudden influx of significant money. Pam shares insights from her years of financial planning experience, discussing scenarios like unexpected bonuses, inheritance, and the financial aftermath of divorce or widowhood. The conversation covers essential steps to take when receiving a windfall, the importance of having a trusted financial advisor, ways to avoid common pitfalls, managing taxes, and making sound financial decisions during emotionally charged times. Pam also highlights useful resources, including her own book, 'Financially Fit Divorce,' providing practical advice for navigating financial changes.

To learn more about Pam's divorce financial planning firm visit: https://divorceplanningofaustin.com/

For Pam's latest book visit: https://www.amazon.com/Financially-Fit-Divorce-Negotiate-Financial/dp/B0BHNC8HTC

00:00 Introduction

00:35 Pam's Background and Expertise01:07 Understanding Windfalls: Definitions and Types

02:24 Planning for Windfalls: The Importance of Financial Advice

05:48 Navigating Divorce and Widowhood

06:45 First Steps in Managing a Windfall

17:26 Avoiding Common Pitfalls

20:45 Final Thoughts

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General Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

Pam's Disclaimer: Investment advisory services offered through Robertson Stephens Wealth Management, LLC, an SEC-registered investment advisor.

#debtmanagement #moneyandmortgages #debtfree

In this episode, host Adam Coleman and Jen Swindler delve into effective debt management strategies. We highlight understanding debt types, prioritizing repayment, and considering interest rates. The conversation covers federal loan consequences, debt avalanche method, debt consolidation, psychology, 401k loans, bankruptcy, and seeking advice from Accredited Financial Counselors (AFC®) or fee-only financial planners.

00:00 Introduction to Debt Management Strategies

01:02 Understanding Different Types of Debt

02:23 Strategies for Prioritizing Debt Repayment

03:10 The Impact of Interest Rates on Debt Repayment

09:10 Debt Consolidation and Management Techniques

13:13 Navigating Debt Settlement and Bankruptcy

22:21 Retirement and Debt: Strategies and Considerations

25:53 First Steps Towards Debt Repayment and Finding Help

27:57 Closing Thoughts and Contact Information

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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

#retirementplanning, #taxplanning, #moneyandmortgages

In this episode, Adam Coleman hosts Certified Financial Planner and founder of DS Financial Strategies, Don Santoriello, to discuss strategies for retiring in the 0% tax bracket. They cover current tax brackets, the impact of future tax rate changes, and the importance of tax-efficient retirement planning. Santoriello emphasizes the need for strategic placement of funds into taxable, tax-deferred, and tax-free accounts, leveraging Roth conversions, life insurance retirement plans, and health savings accounts (HSAs) to minimize taxes. The discussion also delves into managing Medicare premiums, Social Security taxation, and the potential benefits of Roth conversions at various life stages.

For more information on Dawn, check out her website: https://www.dsfinancialstrategies.com/

00:00 Introduction to Retiring Tax-Free

00:59 Understanding the 0% Tax Bracket Concept

01:18 Tax Brackets and Future Predictions

03:16 Strategies for Achieving a 0% Tax Bracket in Retirement

03:30 Utilizing Taxable, Tax-Deferred, and Tax-Free Buckets

07:34 The Role of Roth Conversions and Life Insurance

13:42 Addressing Common Concerns and Misconceptions

17:54 Maximizing Health Savings Accounts (HSAs)

20:35 Strategic Roth Conversions and Medicare Considerations

23:02 Social Security Strategy and Final Thoughts

25:54 Contact Information and Closing Remarks

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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

#reversebudgeting #moneyandmortgages #personalfinance

In this podcast episode, host Adam Coleman talks with Certified Financial Planner David Wanya about the concept of reverse budgeting, a departure from traditional budgeting methods that focuses on 'paying yourself first'—allocating money to savings and investment before spending the remainder. They discuss how reverse budgeting encourages automatic saving to meet financial goals such as retirement or handling variable income, the importance of automation in maintaining the savings pace, and tools like Monarch money and YNAB to support budgeting efforts. The conversation also covers strategies for managing debt within the reverse budgeting framework and emphasizes the flexibility and personalized approach required when dealing with varying income levels or big-ticket expenses.

For more information on David, check out his website: https://www.finsyn.com/team/david-wanja/

00:00 Introduction to Reverse Budgeting with David Wanya

00:56 Defining Reverse Budgeting vs. Traditional Budgeting

02:05 Optimal Savings Percentages and Adjusting for Personal Goals02:45 Incorporating Employer Matches and Equity Compensation into Savings

05:11 The Role of Automation in Effective Budgeting

07:18 Choosing the Right Budgeting Tools: Monarch Money vs. YNAB

09:45 Prioritizing Debt Repayment in Your Budgeting Strategy

12:55 Adjusting Budgets for Big Ticket Purchases and Variable Incomes

14:03 Common Mistakes and Final Thoughts on Reverse Budgeting

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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.