Tag: Savings

FEATURE
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!

 

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FEATURE
Is It Time To Start Saving For Your Child’s Education? With Rick Gallacher, CFP® (Ep.16)

Is It Time To Start Saving For Your Child’s Education? With Rick Gallacher, CFP® (Ep.16)

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As college costs continue to rise, more parents and grandparents are looking into ways to save for their children’s education. But with the potential for taxes and penalties, is a 529 plan the right choice?

In this episode, Austyn Whittenburg talks with Rick Gallacher, CFP®, to discuss how you can start helping your kids save money for college with a college savings plan. When used right, you are able to use the money tax free on almost everything school related.

Rick discusses:

  • Options for paying for college
  • What you can use 529 funds for
  • How the family legacy pyramid works
  • Pros and cons of college savings plans
  • And more

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.

Prior to investing in 529 Plan investors should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.

Austyn Whittenburg, Rick Gallacher, Whittenburg Wealth Partners, and LPL Financial do not offer tax advice or services.



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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)

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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.

 

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