Tag: Financial Advisor

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Exploring Employee Stock Options and Restricted Stock (Ep.41)

Exploring Employee Stock Options and Restricted Stock (Ep.41)

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Did you know that around 14 million employees in the US are covered by stock option plans?

Let’s find out what these options in your compensation plan have to offer you!

In this episode, Austyn Whittenberg discusses the benefits, taxation, and considerations of employee stock options and restricted stock. He explains key terms related to stock options and highlights the increasing prevalence of these options in companies, particularly in the technology sector. 

Austyn also discusses the taxation of non-qualified stock options and incentive stock options, as well as the risks associated with exercising stock options and making elections related to restricted stock. 

Austyn discusses:

  • Stock options vocabulary: Grant date, vesting date, exercise price, expiration date
  • How your stock options will be taxed 
  • How to decide whether stock options as part of your compensations makes sense for you
  • Qualified, incentive, and restricted stock options: What are they? What’s the difference between them?
  • And more

 

Resources: 

Connect with Austyn Whittenburg:

This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services.

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Ready to school your student loans? (Ep. 40)

Ready to school your student loans? (Ep. 40)

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Feeling overwhelmed by student loans? 

You’re not alone.

Join Austyn Whittenburg of Whittenburg Wealth Partners as he dives deep into the complicated world of student loans in the United States. From discussing the COVID-19 pause on repayments to the latest Supreme Court rulings, Austyn breaks down what you need to know to make informed decisions about your student loan debt.

In this can’t-miss episode, Austyn grapples with:

  • How the staggering $1.77 trillion in student loan debt impacts YOU
  • What you need to know about repayment options to maximize your advantage
  • What is the SAFE plan and why should you care?
  • Can the one-year “On-Ramp” period actually salvage your credit score?
  • And more!

 

Resources: 

Connect with Austyn Whittenburg:

 

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Bonds: Not Just for Your Grandparents! Exploring the Exciting World of Fixed Income (Ep.39)

Bonds: Not Just for Your Grandparents! Exploring the Exciting World of Fixed Income (Ep.39)

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We’ve said it before, and we’ll say it again now: There is no such thing as a dumb question when learning how to invest your money. 

Today, we’re answering the questions you’re too afraid to ask about bonds.

In this episode, host Austyn Whittenberg discusses different types of bonds and bond terms. He explains that bonds are issued by companies or governments to raise money, and investors lend money and receive interest payments in return. 

He then categorizes bonds into investment grade and high yield, and also discusses municipal bonds and US Treasuries. They emphasize the importance of understanding bond yield and how it affects the potential return on investment. 

Austyn discusses:

  • The difference between municipal bonds and US treasuries
  • Various terms used when discussing bonds and what they mean
  • The importance of bond yield: What it is & how to read it for your investing advantage
  • The yield curve and its implications: What the different curves mean for the state of the economy
  • And more

 

Resources: 

Connect with Austyn Whittenburg:

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Questions You’re Afraid To Ask: Stocks, Bonds, ETFs, and Beyond! (Ep.38)

Questions You’re Afraid To Ask: Stocks, Bonds, ETFs, and Beyond! (Ep.38)

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Stocks, bonds, ETFs, oh my! What’s the difference between all these anyway?

In this episode, Austyn Whittenberg discusses the difference between stocks and bonds. Austyn also emphasizes the importance of diversification and having a combination of both stocks and bonds in investment portfolios. 

He also delves into the difference between actively managed and passively managed funds, mutual funds and exchange-traded funds (ETFs), and highlights the benefits of each.

Austyn discusses:

  • The pros and cons of stocks and bonds (+ how to find out which one is best for your needs!)
  • What it means when an advisor says they are passively vs. actively managing investments and which one you should ask for in your next advising session
  • Getting the most bang for your buck!–Everything you need to know about ETFs
  • And more

 

Resources: 

Connect with Austyn Whittenburg:

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Unraveling the Mysteries of the Dow, S&P 500, and NASDAQ (Ep.37)

Unraveling the Mysteries of the Dow, S&P 500, and NASDAQ (Ep.37)

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You may have heard the term S&P 500 or NASDAQ thrown around when discussing diversifying and growing your portfolio. But what do these index funds mean for your portfolio?

In this episode, Austyn focuses on three major investment options and explores what questions clients often don’t think about when it comes to the Dow, S&P 500 and NASDAQ. He dives into how each index has unique characteristics and serves different purposes within investment plans.

Austyn discusses:

  • Why clients should learn about the Dow, S&P 500 and NASDAQ
  • How each index fund is calculated as an investment asset
  • What are the differences between the three index funds and how do those differences impact investment portfolios 
  • Why the media focuses on Dow over the S&P 500s consistent performance
  • And more

 

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Exploring Creative Strategies to Demolish Your Debt (Ep.36)

Exploring Creative Strategies to Demolish Your Debt (Ep.36)

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If you’re like the average American, you have debt, and possibly don’t know where to begin when wanting to efficiently pay it off.

In this episode of the Wealth of Insight podcast, Austyn Whittenberg tackles the pressing issue of American debt. He shares valuable strategies for managing and reducing debt. From budgeting to the 50-30-20 rule, they provide practical tips to regain control of your finances. 

They also discuss the importance of paying more than the minimum on credit cards and utilizing the debt snowball method. Don’t let debt hold you back any longer – tune in to this episode for expert advice and take the first step towards financial freedom.

Austyn discusses:

  • Recent statistics about American debt–finding out where you stand in the statistics
  • The first steps you can take to get out of significant credit card debt (getting back on track to achieving your financial objectives!)
  • What order to pay off your debt in including: student loans, credit card debt, mortgages and more
  • How to use the strategy of the “debt snowball” and how it’s already helped people in your situation
  • And more

 

Resources: 

Connect with Austyn Whittenburg:

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Spending with Purpose: Aligning Your Values and Financial Goals (Ep.35)

Spending with Purpose: Aligning Your Values and Financial Goals (Ep.35)

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Are you haunted by a constant sense of guilt every time you spend money?

In this episode, Austyn Whittenburg dives into the phenomenon of spending guilt, unraveling its underlying causes and exploring practical strategies to overcome it. Join him as he uncovers the secrets to finding financial balance, transforming negative money mindsets, and embracing a guilt-free approach to spending. 

Get ready to liberate yourself from the shackles of guilt and reclaim your joy in managing your finances.

Austyn discusses:

  • Lifestyle creep: what it is and how it can become a danger to your financial goals
  • The importance of finding a balance in your finances
  • The 50/50 rule: what it is and how to use it
  • What some of the sources of spending guilt are and how to combat against them
  • And more

 

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7 Common Mistakes to Avoid While Financial Planning (Ep.34)

7 Common Mistakes to Avoid While Financial Planning (Ep.34)

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Mistakes are inevitable. Some can be overlooked but in financial planning, one mistake can have a big impact on your financial future.

In this episode, Austyn Whittenburg shares seven of the most common mistakes he sees people making in their financial planning. He explains each mistake and what you can do to avoid making them.

Austyn discusses:

  • How the retirement stage in our life cycle has evolved as life expectancy climbs
  • The ways fraud and scams have changed since the emergence of AI
  •  Why portfolio diversification can have a massive impact on your results
  • The importance of starting your financial plan as soon as possible
  • And more

 

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Savings 101: How to Earn More on Your Money (Ep.33)

Savings 101: How to Earn More on Your Money (Ep.33)

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Are you tired of earning next to nothing on your savings? Do you want to know how to get higher returns on your hard-earned money?

In this episode, Austyn Whittenburg explores the best places to park your money, both for the short and long term, so you can earn better returns and minimize the impact of inflation on your purchasing power.

Join Austyn in an insightful discussion covering important financial topics:

  • Discover why now is an ideal time to prioritize saving
  • The pros and cons of high-yield savings accounts, CDs, money market mutual funds, and treasuries
  • Learn about a strategic approach to safeguarding emergency funds within your bank account
  • Understand the significance of regularly monitoring interest rate fluctuations
  • And much more!

 

Connect with Austyn Whittenburg:

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5 Financial Concepts Your Kids Should Know (Ep.32)

5 Financial Concepts Your Kids Should Know (Ep.32)

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It’s no secret that financial literacy is something that *isn’t* taught in school.

In this episode, Austyn welcomes Rick Gallacher, CFP®, CPA/PFS back onto the podcast to talk about five key financial principles that your kids should know. From interest to taxes, Austyn and Rick use real examples so you can teach your kids everything they need to know about money.

Austyn and Rick discuss:

  • Albert Einstein’s Eighth Wonder of the World.
  • How taxes can affect your investments.
  • The difference between investing and gambling.
  • A dollar today is worth less than a dollar tomorrow.
  • And more!

Connect with Austyn Whittenburg:

Connect with Rick Gallacher:

About our guest:

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. Through professional and personal experience, he has learned 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 facts.

Rick, his wife Kate, and their daughters Remi and Addi live in Sandy, Utah, and love to travel. They have jokingly been told that their residence is more of a vacation home because it seems they are rarely there. Between them, Rick and Kate have traveled to 36 countries. Rick enjoys golfing, skiing, soccer, jet skiing, and being in the mountains. He’s been skydiving three times and has not broken a bone! Any time spent with family is time well spent for him.

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