Future Rich with Barbara Ginty, CFP®

Parents or expecting parents, this episode is for you! CFP Barbara Ginty covers the six essential financial steps for parents to take to make sure they're as financially prepared to be a parent as possible.

She covers...

• The importance of emergency funds for parents
• How to determine the right amount of life insurance
• Different types of accounts for emergency savings
• How to calculate life insurance needs based on income and goals
• The tax advantages of owning your own life insurance policy
• ... and more!

If you'd like to be a guest on the podcast, we are looking specifically for women who want to discuss their personal finances and have questions about retirement planning, Social Security, and more.

💌 DM us on Instagram (@futurerichpodcast) or apply here. Let’s make it happen! ✨ #FutureRichPodcast

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The content in this podcast is for informational purposes only. All investment strategies and investments involve risk of loss. Nothing contained in this podcast should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

In this week of Future Rich, host Barbara Ginty follows up with a previous guest, Katherine. Listen to her episodes 277 and 278 before you listen to today's episode to get up to speed! Katherine is an airline pilot with a significant income and complex financial situation.

Katherine is a 50-year-old pilot making an income that varies between 375-450K a year. She lives with her partner, who has retired, has two children- one is 9, and the other is finishing up schooling/training to be a pilot too- and also provides for her mother-in-law.

They discuss...

• Managing caregiving for her mother-in-law
• Navigating healthcare costs
• Balancing her family's financial priorities
• Backdoor Roth retirement savings
• Managing variable income while also prioritizing starting Katherine's emergency fund and having fun

If you'd like to be a guest on the podcast, we are looking specifically for women who want to discuss their personal finances and have questions about retirement planning, Social Security, and more.

💌 DM us on Instagram (@futurerichpodcast) or apply here. Let’s make it happen! ✨ #FutureRichPodcast

**All of our newsletters have moved to Substack, so subscribe if you want to keep in the loop with all things Future Rich!

Subscriptions are FREE!

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Visit the Future Rich Podcast website for Financial Freebies and Classes

Leaving reviews on the podcast is the best way to boost us on the podcast platforms and help more listeners get #FutureRich

Download a free guide today to help plan your financial future!

The content in this podcast is for informational purposes only. All investment strategies and investments involve risk of loss. Nothing contained in this podcast should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

Happy Friday Future Rich Fam! We hope you're all having a great start to fall!

Today, we're sharing a popular THROWBACK episode #204 with our lovely guest Bernadette. We will have new episode next week!

Bernadette just turned 37, lives in a house that she purchased in upstate New York, and works as a District Manager for a wine supplier. She has a great base salary of 100K per year with variable bonuses. She's a self-proclaimed boater at heart, and exclaims that BOAT stands for, "bust out another thousand".

Barbara and Bernadette discuss...

• Upping Bernadette's emergency fund
• Using her bonus to advance her savings goals 
• How she can start planning out her expenses more to bump up her net worth as quickly as possible
• .... and so much more!

If you'd like to be a guest on the podcast, we are looking specifically for women who want to discuss their personal finances and have questions about retirement planning, Social Security, and more.

💌 DM us on Instagram (@futurerichpodcast) or apply here. Let’s make it happen! ✨ #FutureRichPodcast

**All of our newsletters have moved to Substack, so subscribe if you want to keep in the loop with all things Future Rich!

Subscriptions are FREE!

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Leaving reviews on the podcast is the best way to boost us on the podcast platforms and help more listeners get #FutureRich

Download a free guide today to help plan your financial future!

The content in this podcast is for informational purposes only. All investment strategies and investments involve risk of loss. Nothing contained in this podcast should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

In this EXPERT episode, CFP Barbara Ginty is joined by Matthew Allen, the Co-Founder and CEO of Social Security Advisors, to answer all of your Social Security questions!

Matthew is one of the leading Social Security experts in the country and is often quoted for his expertise in major publications such as The Wall Street Journal, Forbes Magazine, Time Magazine, USA Today, Financial Planning Magazine, and others. He is also a speaker for the Retirement Speakers Bureau and speaks frequently around the country on the topic of Social Security planning.

We're so excited to share Matthew's expert insights on Social Security, including...

• Common mistakes in Social Security planning
• The impact of Roth IRAs on Social Security taxation
• Family benefits and unexpected rules
• Retroactive benefits and withdrawal options
• Retiring abroad and Social Security payments

Listen to this episode to discover how to navigate Social Security effectively and avoid costly errors!

Find Matthew HERE.

Learn more about IRMAA.

If you'd like to be a guest on the podcast, we are looking specifically for women who want to discuss their personal finances and have questions about retirement planning, Social Security, and more.

💌 DM us on Instagram (@futurerichpodcast) or apply here. Let’s make it happen! ✨ #FutureRichPodcast

**All of our newsletters have moved to Substack, so subscribe if you want to keep in the loop with all things Future Rich!

Subscriptions are FREE!

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Visit the Future Rich Podcast website for Financial Freebies and Classes

Leaving reviews on the podcast is the best way to boost us on the podcast platforms and help more listeners get #FutureRich

Download a free guide today to help plan your financial future!

The content in this podcast is for informational purposes only. All investment strategies and investments involve risk of loss. Nothing contained in this podcast should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

Is there a magic number for retirement?

In this episode of Future Rich, CFP® Barbara Ginty sits down with our podcast producer, Potter, to break down the realities of retirement planning and why a 1 million dollar goal might not be enough for retirement.

They discuss:

• Importance of knowing your exact retirement expenses
• The impact of taxes on retirement savings
• How to estimate your withdrawal rate
• The significance of debt-free retirement
• Adjusting investment strategies for the "distribution" phase of retirement
• Planning for variable expenses like healthcare and home repairs
• The role of Social Security and pensions
• Timing your retirement for health insurance benefits

If you'd like to be a guest on the podcast, we are looking specifically for women who want to discuss their personal finances and have questions about retirement planning, Social Security, and more.

💌 DM us on Instagram (@futurerichpodcast) or apply here. Let’s make it happen! ✨ #FutureRichPodcast

**All of our newsletters have moved to Substack, so subscribe if you want to keep in the loop with all things Future Rich!

Subscriptions are FREE!

Subscribe to our YouTube

Follow us on TikTok

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Visit the Future Rich Podcast website for Financial Freebies and Classes

Leaving reviews on the podcast is the best way to boost us on the podcast platforms and help more listeners get #FutureRich

Download a free guide today to help plan your financial future!

The content in this podcast is for informational purposes only. All investment strategies and investments involve risk of loss. Nothing contained in this podcast should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

To retire early, or not retire early?

In this episode of Future Rich, CFP® Barbara Ginty sits down with Simone to discuss her very different retirement options. Simone is 54 years old and lives in Chicago, is child-free, and has her own home separate from her partner. She works as an Executive Assistant and brings home $115K per year plus a 5% bonus.

Simone's savings are impressive. She has around $775K saved across her different accounts and has no debt aside from her mortgage, which is very manageable. Her biggest expenses are dining out and traveling, which she prioritizes and saves for in a high-yield savings account.

In this episode, Barb and Simone discuss:

• Simone's current financial situation and savings
• The impact of ESOP on retirement wealth
• Strategies for retiring early and managing health insurance
• Balancing lifestyle expenses like travel and dining
• Planning for income gaps before Social Security kicks in
• Timing and planning for early retirement
• Social Security benefits and planning
• Balancing her current lifestyle with future security

If you'd like to be a guest on the podcast, we are looking specifically for women who want to discuss their personal finances and have questions about retirement planning, Social Security, and more.

💌 DM us on Instagram (@futurerichpodcast) or apply here. Let’s make it happen! ✨ #FutureRichPodcast

**All of our newsletters have moved to Substack, so subscribe if you want to keep in the loop with all things Future Rich!

Subscriptions are FREE!

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Visit the Future Rich Podcast website for Financial Freebies and Classes

Leaving reviews on the podcast is the best way to boost us on the podcast platforms and help more listeners get #FutureRich

Download a free guide today to help plan your financial future!

The content in this podcast is for informational purposes only. All investment strategies and investments involve risk of loss. Nothing contained in this podcast should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

In this replay episode of Future Rich, we're sharing a segment of the Babylist Family Money podcast with Lindsey Stanberry! In this episode, Future Rich host CFP Barbara Ginty breaks down how she's weighing Trump Accounts against 529s for her own daughter.

We hope you enjoy this episode! Listen to the full episode here.

If you'd like to learn more about Trump Accounts, we have another dedicated episode that you can listen to here.

If you'd like to be a guest on the podcast, we are looking specifically for women who want to discuss their personal finances and have questions about retirement planning, Social Security, and more.

💌 DM us on Instagram (@futurerichpodcast) or apply here. Let’s make it happen! ✨ #FutureRichPodcast

**All of our newsletters have moved to Substack, so subscribe if you want to keep in the loop with all things Future Rich!

Subscriptions are FREE!

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Visit the Future Rich Podcast website for Financial Freebies and Classes

Leaving reviews on the podcast is the best way to boost us on the podcast platforms and help more listeners get #FutureRich

Download a free guide today to help plan your financial future!

The content in this podcast is for informational purposes only. All investment strategies and investments involve risk of loss. Nothing contained in this podcast should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

She's 26, freshly married, living in the Midwest, and working as a barista to make ends meet — while simultaneously training to become a doctor.

Meet Carla. She's a medical student pursuing family medicine and psychiatry, navigating one of the most financially demanding seasons of life: medical school, a brand new marriage, and a future that's full of potential but tight on cash right now.

In this episode of Future Rich, CFP® Barbara Ginty sits down with Carla to untangle her financial picture and build a real plan, one that works on a barista's income, medical school grants, and a whole lot of determination.

The good news? Carla's situation is more manageable than it might seem. She's already saving $200K in tuition through her program, has $16,500 in grants, and has a partner working and going to school simultaneously. Barb helps her see the full picture and what to do with it.

In this episode, Barb and Carla discuss:

• How to manage $39K in student loans while still in school
• What saving and investing looks like on a $12K barista salary + medical school grants
• Why Carla's tuition-free program is a bigger financial win than she realizes
• Retirement planning strategies for future doctors, when to start and how
• How Carla and her husband can build a financial foundation together
• Family planning considerations during medical training: what to think about financially before having kids.
• The financial reality of pursuing family medicine and psychiatry and what income looks like on the other side.

If you'd like to be a guest on the podcast, we are looking specifically for women who want to discuss their personal finances and have questions about retirement planning, Social Security, and more.

💌 DM us on Instagram (@futurerichpodcast) or apply here. Let’s make it happen! ✨ #FutureRichPodcast

**All of our newsletters have moved to Substack, so subscribe if you want to keep in the loop with all things Future Rich!

Subscriptions are FREE!

Subscribe to our YouTube

Follow us on TikTok

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Visit the Future Rich Podcast website for Financial Freebies and Classes

Leaving reviews on the podcast is the best way to boost us on the podcast platforms and help more listeners get #FutureRich

Download a free guide today to help plan your financial future!

The content in this podcast is for informational purposes only. All investment strategies and investments involve risk of loss. Nothing contained in this podcast should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

In this week's episode of Future Rich, CFP Barbara Ginty interviews the wonderful Alice!

Alice is 32, lives in Utah with her husband, works as a CPA, and has spent the past decade of her life aggressively saving (she's the highest Roth account holder that we've ever had on the pod!)

If you're curious about how Alice and her husband saved over $500K in their combined Roth Accounts throughout her 20s, this episode is packed with the kind of specific, practical advice you actually need. 🎙️

If you'd like to be a guest on the podcast, we are looking specifically for women who want to discuss their personal finances and have questions about retirement planning, social security, and more.

💌 DM us on Instagram (@futurerichpodcast) or apply here. Let’s make it happen! ✨ #FutureRichPodcast

**All of our newsletters have moved to Substack, so subscribe if you want to keep in the loop with all things Future Rich!

Subscriptions are FREE!

Subscribe to our YouTube

Follow us on TikTok

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Visit the Future Rich Podcast website for Financial Freebies and Classes

Leaving reviews on the podcast is the best way to boost us on the podcast platforms and help more listeners get #FutureRich

Download a free guide today to help plan your financial future!

The content in this podcast is for informational purposes only. All investment strategies and investments involve risk of loss. Nothing contained in this podcast should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

In this follow-up birth story episode, Barbara shares more details about her intense postpartum health journey, highlighting the importance of listening to your body, advocating for yourself, and the impact of financial preparedness on healthcare choices.

*TRIGGER WARNING!* This episode discusses Barbara's traumatic birth experience. If you’re currently pregnant or are sensitive to medical and/or birth stories, we do not recommend this episode for you! 

This episode highlights:

• Postpartum complications and infections
• Importance of advocating for your health
• Impact of healthcare costs and insurance
• Role of financial planning in medical emergencies
• Lessons learned from a severe postpartum health crisis

If you'd like to be a guest on the podcast, we have 8 guest spots available for the year!

💌 DM us on Instagram (@futurerichpodcast) or apply here. Let’s make it happen! ✨ #FutureRichPodcast

**All of our newsletters have moved to Substack, so subscribe if you want to keep in the loop with all things Future Rich!

Subscriptions are FREE!

Subscribe to our YouTube

Follow us on TikTok

Follow us on Instagram

Visit the Future Rich Podcast website for Financial Freebies and Classes

Leaving reviews on the podcast is the best way to boost us on the podcast platforms and help more listeners get #FutureRich

Download a free guide today to help plan your financial future!

The content in this podcast is for informational purposes only. All investment strategies and investments involve risk of loss. Nothing contained in this podcast should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.