February 2023 – Wealth of Insight

Most Common Mistakes In Financial Planning (Ep.26)

By Wealth-of-Insight | February 21, 2023

For some people, their biggest regret when it comes to financial planning is not starting early enough.

In this episode, Austyn Whittenburg covers the most common mistakes people make when financial planning and how to avoid them.

Austyn discusses:

Living beyond your means
Not taking advantage of employers’ 401k matching
Being uninsured on life insurance
The worry of not having an estate plan
The mistake of trying to time the market
And more

Resources:

Connect With Austyn Whittenburg:

Whittenburg Wealth Partners and LPL Financial do not offer legal advice or services. This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance specialist. Dollar-cost averaging involves continuous investment in securities regardless of fluctuation in price levels of such securities. An investor should consider their ability to continue purchasing through fluctuating price levels. Such a plan does not assure a profit and does not protect against loss in declining markets.

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Update About The Secure Act 2.0 With Rick Gallacher (Ep.25)

By Wealth-of-Insight | February 7, 2023

Congress has passed a few things that give people more opportunity to grow the amount of money they can put away and save for retirement.

In this episode, Austyn Whittenburg talks with Rick Gallacher to discuss a high level overview of the Secure Act 2.0.

Rick discusses:

The changes to RMD’s
The impact to the QCD
You can now use Roth in a SEP
A list of what can happen in your life that will allow you to still access your retirement funds
Start up credits for small business owners
How the new provision works called ESA
And more

Resources:

The Basics of Social Security (Ep.20)

Connect With Austyn Whittenburg:

Connect With Rick Gallacher:

About Our Guest:

Serving as both Financial Planning Director and Private Wealth Advisor, Rick has experience in the areas of financial modeling, asset allocation, investment selection, estate planning, personal risk management, holistic situation auditing and personal financial reporting. As a licensed CPA, he has proficiency in understanding and applying analysis to the overall economy, capital markets, corporate fundamentals, personal taxation and essential business law.

Rick is a highly organized, analytical, and detail-oriented individual. He has learned through professional and personal experience that complete and accurate data is important to make appropriate decisions. He follows this concept: theorizing before one has data inevitably causes one to twist facts to suit theories instead of theories to suit fact.

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A Financial Forecast For 2023 (Ep.24)

By Wealth-of-Insight | February 1, 2023

You can potentially expect the economy to slow down even a little bit more in 2023, from what you’ve experienced in 2022. Specifically, if you’re looking at the global economy it might be around the 2% range.

But wouldn’t it be helpful to have a crystal ball that would tell you exactly what to expect in the new year?

In this episode, Austyn Whittenburg answers some of the common questions his clients are asking at this time of year and shares a 2023 outlook as it relates to the economy stock market.

Month: February 2023