Tag: Investments

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

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

By |

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.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
#51 Unveiling the Hidden Value of Financial Advice

#51 Unveiling the Hidden Value of Financial Advice

By |

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.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Episode 50 – Navigating Your Retirement Milestones

Episode 50 – Navigating Your Retirement Milestones

By |

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!

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

FEATURE
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)

By |

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:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

FEATURE
Is It Ever Too Late To Start Planning For Retirement? With Rick Gallacher (Ep.5)

Is It Ever Too Late To Start Planning For Retirement? With Rick Gallacher (Ep.5)

By |

It’s never too late to start planning for your retirement or is it?

In this episode, Austyn Whittenburg is joined by Rick Gallacher to discuss some strategies he uses when crafting financial plans with his clients. He also shares how he can work with you to potentially optimize your plan.

Austyn discusses:

  • Why you should start paying your bills automatically
  • How much money should be in your emergency savings
  • When is it considered too late to plan for retirement
  • Where you should consider keeping your money
  • And more

Resources:

Connect with Austyn Whittenburg:

Connect with Rick Gallacher:

About Our Guest:

Rick Gallacher 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.

All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

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.

 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

FEATURE
The First Step to Your Successful Financial Future With Rick Gallacher (Ep.3)

The First Step to Your Successful Financial Future With Rick Gallacher (Ep.3)

By |

When it comes to achieving your financial goal, there are some risks that you have to take. As a financial advisor, we are here to help you understand the risks to get you to that financial goal that you have.

In this episode, Austyn Whittenburg, CFP® talks with Rick Gallacher, CFP® financial planning director and private wealth advisor at Whittenburg Wealth Partners. They share insights on what it means to be a financial planner and how it has allowed them to make an impact on many people’s lives. Find out how they can help impact yours too. 

Rick discusses:

  • People’s negative and positive relationships with money
  • How much should you risk within your investment portfolio
  • Special risk management resources used at Whittenburg Wealth for planning investments
  • How to stay invested in the markets without making emotional decisions
  • And more!

Resources: 

Connect with Austyn Whittenburg:

Connect with Rick Gallacher:

About Our Guest:

Rick Gallacher 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.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Archives

Categories