Financial Bliss with Kelley Long

How much do you know about your 401k plan? In this episode, Kelley C. Long, CPA/PFS, CFP® shares five things that she's found are most surprising to people about their 401ks, which she learned during her time as an unbiased financial coach working for a workplace retirement wellness provider.

Resources to support further learning on the topics presented in this episode:

Income limits to deduct traditional IRA contributions if you have a 401k or other retirement plan at work

How to do a back-door Roth IRA

2023 Roth IRA income limits

What's the difference between traditional and Roth IRA?

When it comes to getting started with optimizing your finances, sometimes the hardest part is just getting started. In this episode, Kelley C. Long, CPA/PFS, CFP® shares 6 tips to help overcome the various barriers that can get in the way, whether it's fear, perfectionism, a lack of confidence or knowledge or something else.

The traditional financial planning industry will tell you that there is a retirement savings crisis in the US and that most people are at risk of running out of money in retirement, but those statistics are based on outdated systems and an unrealistic idea of what retirement even is. This episode explores where the modern ideal of retirement came from and introduces a shift in perspective in how to think about careers, saving for retirement and what retirement might look like for people in their 50's and younger. If you are worried about your financial future because you aren't able to save enough to stop working at 65 or sooner, this episode is for you. It won't tell you how to get there, but it will offer ideas to shift your thinking around what the point of it all is anyway.

In her work with over 2,500 individuals from all walks of life as a money coach, Kelley C. Long, CPA/PFS, CFP® has pretty much seen it all. But if there is one thing she could tell EVERYONE, it's that there are very few money mistakes that you can't overcome. In this episode, you'll hear 5 common mishaps she's encountered in her work as an unbiased financial wellness coach along with practical financial planning tips to make the most of your finances. There's something for everyone in this one, even if you're lucky enough to feel like you've done pretty great with money so far!

Resources to support the topics presented:

• 3 common HSA mistakes to avoid
• Why you should max out your HSA before your 401(k)
• 3 strategic uses for Roth IRA besides retirement
• How to do a backdoor Roth IRA
• Avoid these 5 mistakes when paying off debt

When Kelley asked several smart, responsible women who felt like they didn't have what it takes to optimize their money, she found a really interesting recurring theme. This episode digs into that one thing, what it really stems from, and how anyone, regardless of money in the bank, can move beyond it.

Resources mentioned:

www.financialblisscoach.com

Oriah Mountain Dreamer poem

The Alchemist, by Paolo Coehlo

The Simple Path to Wealth, by JL Collins

This episode is geared toward those who, despite all their best efforts to "be better with money," can't seem to escape the cycle of boom or bust. It seems as soon as you get to a better place financially, BOOM, something happens to take you right back to where you were. While having a good money management system in place can help, the real fix for this goes much deeper into our money psychology. Listen as Kelley Long gets into what's behind these endless cycles and a step-by-step way to break it for good. Special appearances by Larry the cat, who couldn't be edited out entirely...

In this introductory episode, host Kelley C. Long, CPA/PFS, CFP® shares her frustration with how challenging it is for everyday people to access unbiased and reliable guidance and advice around their money decisions, along with how she has worked to find a way to solve that challenge throughout her career. You'll also learn a powerful exercise that Kelley uses to make important life decisions, including the decision to leave a great-paying and really fun job in order to go out on her own in the middle of a pandemic. 

Financial Bliss with Kelley Long was created to share insights, lessons, tips and stories around WHY we do the things we do with our money along with HOW to actually do them when we are ready to make financial planning moves. Focused on helping you find the root cause of your financial challenges, the goal is to help smart, responsible women find their own version of financial bliss.

Learn more at www.financialblisscoach.com.