Tag: Investing

Maximizing Unexpected Cash: Smart Strategies for Financial Success (Ep 53)

Maximizing Unexpected Cash: Smart Strategies for Financial Success (Ep 53)

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Are you ready to take control of your wealth and design the life you envision for yourself and your family? Welcome to Wealth of Insight with Austyn Whittenburg from Whittenburg Wealth Partners. In this episode, Austyn guides you through practical strategies for incorporating unexpected cash into your financial plan, empowering you with creative investment opportunities and planning ideas to achieve your long-term goals.

Join us as we delve into effective methods for managing unexpected inflows of money, whether from bonuses, inheritances, or insurance settlements. Austyn’s insights will help you gain confidence in your financial future and make informed decisions.

In this episode, we’ll cover:

  • The 50/50 rule: Balancing enjoyment and future planning
  • Building and topping off your emergency fund
  • Paying down high-interest debt and credit cards
  • Strategies for managing tax implications from unexpected cash
  • Investing in retirement accounts and long-term growth options
  • Paying down your mortgage and understanding the impact
  • Incorporating charitable donations for personal and tax benefits

Discover how these approaches can provide peace of mind and financial security, while also allowing for some immediate enjoyment. Learn how to structure your financial plan to accommodate windfalls and prepare for the unexpected with Austyn’s expert guidance.

Practical benefits include:

  • Gaining a clear framework for managing unexpected money
  • Understanding the tax implications and strategic responses
  • Achieving a balanced approach to spending and saving
  • Exploring investment options that align with your goals
  • Enhancing your overall financial well-being

Engage with us by asking questions or sharing your thoughts! Contact us through our website at whittenburgwealth.com or text us at (801) 839-7056. Don’t forget to like and subscribe to the Wealth of Insight podcast and share it with your friends and family.

Tune in to this episode for valuable insights that will help you navigate the complexities of unexpected financial gains and take meaningful steps toward a secure and prosperous future.

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#51 Unveiling the Hidden Value of Financial Advice

#51 Unveiling the Hidden Value of Financial Advice

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Are you curious about the real impact of financial advice beyond just managing investments? Join us on Wealth of Insight with Austyn Whittenburg as we delve into the layers of value that a financial advisor can provide to enhance your financial well-being.

In this episode, Austyn sheds light on the multifaceted role of financial advisors and uncovers the often-overlooked areas where they add substantial value to your financial journey.

Here’s what you can expect to learn:

  • Personalized Financial Planning: Explore how experienced advisors tailor plans to fit your unique goals, risk tolerance, retirement plans, estate planning, and tax strategies.
  • Behavioral Coaching: Discover the art of managing client behavior, avoiding rash decisions during market volatility, and staying true to your long-term financial plan.
  • Tax Efficiency: Learn about asset allocation strategies, investment placement, and tax-efficient investment vehicles that seek to minimize taxes and maximize returns.
  • Implementation Excellence: Understand the importance of timely plan implementation, fee management, and estate planning for wealth transfer efficiency.

Join us as we uncover the substantial value beyond mere investment management that financial advisors can bring to your financial journey. Gain insights, actionable strategies, and a deeper understanding of how personalized financial guidance can empower you to pursue your financial goals.

Have questions or insights to share? Connect with Austyn at Whittenburg Wealth Partners to explore further. Don’t forget to subscribe and share the Wealth of Insight podcast with your friends and family for more valuable financial wisdom.

Thank you for tuning in to Wealth of Insight, where we illuminate the path to financial empowerment and success.

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Episode 50 – Navigating Your Retirement Milestones

Episode 50 – Navigating Your Retirement Milestones

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Are you ready to seize control of your financial future and make informed decisions about your retirement?

In this episode of Wealth of Insight with Austyn Whittenburg, we delve into the crucial milestones leading up to retirement and how you can navigate them strategically to enhance your financial well-being. Join Austyn as he shares experienced insights and practical advice on optimizing your retirement planning journey.

Key Points Discussed:

 Understanding catch-up contributions and their benefits starting at age 50.

 Exploring the Rule of 55 and how it impacts accessing retirement funds.

 Discussing the significance of age 59 and a half in relation to penalty-free withdrawals.

 Analyzing the implications of starting Social Security benefits at age 62 versus waiting until full retirement age.

 Exploring the complexities of Medicare eligibility and planning for healthcare expenses.

 Highlighting the impact of delaying Social Security benefits until age 70 and the considerations involved.

 Understanding required minimum distributions (RMDs) and strategies to manage tax implications effectively. Benefits for Listeners:

 Gain clarity on important retirement milestones and how they affect your financial plans.

 Learn practical strategies to maximize retirement savings and minimize tax burdens.

 Receive professional guidance on making informed decisions about Social Security, Medicare, and RMDs.

 Empower yourself to design a retirement plan that aligns with your long-term financial goals.

 

Engagement and Contact Information:

Have questions or want to learn more? Visit our website at www.whittenburgwealth.com or text Austyn directly at 801-839-7056. Share this episode with your friends and family to help them optimize their retirement planning.

Don’t forget to subscribe for future episodes packed with valuable insights and advice.

Thank you for tuning in to the Wealth of Insight Podcast!

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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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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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The Passive or Active Management Debate (Ep.30)

The Passive or Active Management Debate (Ep.30)

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Are you wondering whether you should use passive or active asset management when investing? It’s a million-dollar question that every investor faces.

But fear not, in this podcast episode, Austyn Whittenburg dives deep into this polarizing debate in the financial industry, exploring the pros and cons of each strategy, and even how to get the best of both worlds!

In this episode, Austyn covers a range of important topics such as:

  • The heated debate between passive and active management, and the factors that contribute to this debate
  • How to determine which investing strategy is better suited for your goals
  • The differences between active and passive managers, and which type of manager is right for you
  • The history of these investing strategies and the key factors that have influenced their evolution over the years
  • And much more

Connect with Austyn Whittenburg:

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.  The Russell 3000 Growth Index is an unmanaged index comprised of those Russell 3000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 3000 Value Index measures the performance of those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values. Socially Responsible Investing (SRI) / Environmental Social Governance (ESG) / Biblically Responsible Investing (BRI) investing / Faith Driven Investing (FRI) has certain risks based on the fact that the criteria excludes securities of certain issuers for non-financial reasons and, therefore, investors may forgo some market opportunities and the universe of investments available will be smaller.

 

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Most Common Mistakes In Financial Planning (Ep.26)

Most Common Mistakes In Financial Planning (Ep.26)

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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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Navigating Volatility and Bear Markets (Ep.19)

Navigating Volatility and Bear Markets (Ep.19)

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Some of the best days that you’ll see as an investor happen in bear markets and over the course of your investment life it can make a significant difference in your portfolio.

In this episode, Austyn Whittenburg discusses how his firm approaches periods of extended volatility and how he helps clients survive the bear market. He also explains some of the sound investment principles and why you should maintain a long term investing perspective.

Austyn discusses:

  • Why there is no such thing as short-term investing
  • What a bear market is––and how long they typically last
  • How critical it is to stay invested so that you’re not missing those best days
  • Taking advantage of the times when people are fearful in the market
  • And more

Connect With Austyn Whittenburg:

 

https://www.whittenburgwealth.com/navigating-volatility

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.  All performance referenced is historical and is no guarantee of future results.  All indices are unmanaged and may not be invested in to directly.

All investing involves risk including loss of principal. No strategy assures success or protects against loss.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio.  Diversification and asset allocation do not protect against market risk.

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