Ignition to Wealth

In Today’s Episode

Eric and Brandon discuss what documents and information you need for your individual income tax preparation. The more prepared and organized you are, the easier and quicker it will be to file your tax return.

What You’ll Get Out of Today’s Show

• Additional documents you need if it’s your first ever tax return
• Income documents:
• • 1099-INT
  • 1099-DIV
  • 1099-R
  • Brokerage statements
  • W-2’s
• Deductions:
• • Medical expense documents (subject to AGI threshold)
  • Charitable deductions
  • Property taxes
  • State and local taxes
  • IRA and HSA contributions
• Credits
• • AOTC - American Opportunity Tax Credit for college students
  • Child credit tax
• Self-Employment records:
• • Credit card statements
  • Bank statements
  • Receipts
  • Mileage
  • Quarterly estimates

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric and Brandon discuss one of the hottest topics in the financial world right now, Short Squeezes! You’ve probably heard about GameStop and AMC, but do you know what’s actually going on? Check out today’s episode to learn about what’s going on and why it matters.

What You’ll Get Out of Today’s Show

• What shorting a stock means
• How a short squeeze occurs
• Explanation of the GameStop situation
• What hedge funds are doing because of the short squeeze
• Robinhood’s involvement
• Our opinions on the matter 
• Some potential alternatives for brokerage accounts

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric and Brandon discuss one of their favorite topics, Dividends! Aren’t all Dividend stocks safe? Well, not necessarily. Join us on this episode to find out how to look for relatively safe Dividend stocks and some strategies to utilize them in your portfolio.

What You’ll Get Out of Today’s Show

• What Dividends are and how they work
• Explanation of Dividend Aristocrats and Dividend Kings
• Things to look for with Dividend Safety
• Description of High Dividend Yield and High Dividend Growth Rate
• What a Monthly Dividend Portfolio looks like
• What type of accounts to house these investments in based on your individual situation

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric and Brandon talk about the ever exciting topic of...Social Security. How much do you know about Social Security? Do you think it’ll be around when you retire? Join the guys in today’s episode to hear more!

What You’ll Get Out of Today’s Show

• What is Social Security and how does it work?
• The different types of benefits
• • Retirement
  • Disability
  • Survival
• How to incorporate Social Security into your Retirement Planning

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric and Brandon continue their discussion with part two of Retirement Planning. The guys broke down a simple strategy to get you started on your retirement planning in part one, but today they break down some other strategies to get you started!

What You’ll Get Out of Today’s Show

• Strategies to give you a good idea of where to start now that you know what you’re looking for in retirement from part one.
• What the most common strategies are being talked about:
• • 4% rule and what it actually means
  • Million dollar target number and why it might not work for everyone and could be outdated
  • Why the 100% Current Income Rule would be a good number to start with

Links Mentioned in This Episode 

ignitiontowealth.com/risk-tolerance

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric and Brandon start a two part episode on Retirement Planning. Have you thought about at what age you’d like to retire? How much money will you need in retirement? The guys break down a simple strategy to get you started on your retirement planning.

What You’ll Get Out of Today’s Show

• The first steps you should take when looking to retire
• • Planning out a timeline
  • Map out your retirement needs
  • Map out your retirement wants
  • Some other tips
  • Figuring out a net worth number that works for you

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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Subscribe to the podcast 

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Eric and Brandon continue the discussion on Travel Rewards, except this time it’s on Non-Branded Credit Cards. The first two companies they go over are Capital One and Chase!

What You’ll Get Out of Today’s Show

• Capital One
• • List of partners
  • Breakdown of their two most popular cards: Venture Rewards and VentureOne Rewards
  • What to expect with:
  • • Annual fees 
    • Bonus miles 
    • Strategies
    • Perks
• Chase
• • List of partners
  • Breakdown of their two most popular cards: Sapphire Preferred and Sapphire Reserve
  • What to expect with:
  • • Annual fees
    • Bonus miles
    • Strategies
    • Perks

Links Mentioned in This Episode

Thepointsguy.com

ignitiontowealth.com/creditcards

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

If You Want to Support Ignition to Wealth

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In Today’s Episode

Eric and Brandon discuss what to look for when searching for a financial advisor! They discuss the qualities a good financial advisor possesses, what services they provide, and the value they can add to your financial well being.

What You’ll Get Out of Today’s Show

• The definition of a good financial advisor 
• An outline of the processes a good financial advisor will assist with 
• Situations in which having a financial advisor will provide the most value
• Specific qualities to look for in a financial advisor
• An explanation of the different certifications a financial advisor may hold.
• The different types of fees you may encounter when working with a financial advisor 
• • Client fees
  • Commissions
  • Hourly fees
  • Fixed or flat fees
  • Assets Under Management fees 
• Definition of a Registered Investment Advisory Firms 
• How to utilize your financial advisor as a teacher 

Links Mentioned in This Episode

brokercheck.finra.org

ignitiontowealth.com/resources

ignitiontowealth.com/tools

Ignitiontowealth.com

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In Today’s Episode

Eric and Brandon continue the series on financial crimes and fraud with the story of Enron!

What You’ll Get Out of Today’s Show

• The rise and fall of Enron
• An explanation of how much of an impact this had on so many people and their well-being 
• Comparison to Amazon or Apple in today’s terms
• Types of crimes they committed
• How they were able to function for so long without being caught
• What lead them to being caught
• The final outcome of all individuals involved

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

If You Want to Support Ignition to Wealth

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In Today’s Episode

Eric and Brandon introduce the very exciting and broad topic of Travel Rewards! The guys talk about some of the ways to earn points and even some different Airline Travel Rewards programs that are available. They also talk about the best way to look at points programs, is it similar to a savings account or checking account?

What You’ll Get Out of Today’s Show

• Most efficient ways to earn points 
• • Sign Up Bonuses
  • Shopping Portals
  • Strategic Spending
  • Using Branded Cards
• List of Airlines that offer rewards programs
• • Delta
  • United
  • American Airlines
  • Hawaiian Airlines
  • Southwest
  • And many others
• Other tips and things to look for 
• • How do you justify an annual fee?
  • What types of perks are out there?
  • How do you choose which card to use?

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

thepointsguy.com

If You Want to Support Ignition to Wealth

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Subscribe to the podcast 

Leave us a 5 star rating and written review