You’ve worked hard to reduce investment fees, but what about taxes? In this episode, Liz explores new research showing how taxes may have a much bigger impact on long-term portfolio growth than most investors realize. She breaks down the historical tax drag on investment returns, why today’s tax environment may not last forever, and how smart tax planning can help retirees keep more of what they earn. Plus, she discusses ETFs, tax-efficient investing, and strategies that could make a meaningful difference over the course of retirement.

Here’s some of what we discuss in today’s show:

💰 The Tax Drag Effect – Why taxes may cost investors more than investment fees over time

📈 A Century of Research – What 100 years of market and tax data reveal about long-term wealth creation

🚀 The ETF Tax Advantage – How ETF structures can reduce tax costs compared to many mutual funds

🏛️ Will Taxes Rise? – Why retirees should prepare for the possibility of higher future tax rates

🎯 Retirement Tax Strategies – Asset location, Roth accounts, and step-up in basis planning opportunities

Resources for this episode:

Jason Zweig - You've Won the Battle on Investment Fees; You're Losing the War Against Taxes:

https://www.wsj.com/finance/investing/you-won-the-battle-on-investment-fees-youre-losing-the-war-against-taxes-6f949f3c

Andrew Ang - Uncle Sam's Cut: A Century of the Federal Tax Drag on US Equity Returns

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6847621

Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube

Some of the best retirement advice may have started with the simple lessons your mom taught you growing up. In this special Mother’s Day episode, Liz connects timeless “mom wisdom” to real financial planning decisions that can shape your retirement future. From avoiding scams and irreversible mistakes to diversification, emergency savings, and estate planning, Liz walks through seven practical lessons that still matter today.

Here’s some of what we discuss in today’s show:

• Avoid financial offers that sound too good to be true
• Slow down before making irreversible retirement decisions
• Why diversification still matters in retirement
• Cover your retirement essentials before the “fun” spending
• Clean up your estate plan before your family has to

Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube

What do thunderstorms and the stock market have in common? More than you think. In this episode, Liz uses a weather analogy to break down how investors react to uncertainty, and why that reaction can make or break your retirement plan. The goal isn’t to predict every storm, it’s to be ready for whatever shows up. With the right plan in place, you can stay confident no matter what the forecast looks like.

Here’s some of what we discuss in today’s show:

Forecast vs Reality: Predictions don’t control outcomes

Emotional Reactions: Volatility impacts everyone differently

Risk Mismatch: Comfort vs reality can get out of sync

Bucket Planning: Structure creates long-term stability

Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube