Tax loss harvesting - what is it and how can we help you?

 In this episode, Heather Townsend and Dave Grants discuss the complexities of managing increased income, particularly when it grows rapidly. They explore the challenges of lifestyle creep, the importance of having a financial plan, and the common pitfalls that individuals face when their income rises. The conversation emphasizes the need for strategic financial planning to avoid overspending and to ensure long-term financial stability.

Dave Grant and Heather Townsend discuss the critical concept of diversification in wealth building and financial planning. They explore the importance of not putting all investments in one asset class, the current market trends, and how diversification can help maintain wealth during volatile times.

Income during retirement is a big subject and there are lots of ways to structure it. A stock portfolio is part of it. Diversification is important. Dave and Heather talk about different "buckets" for your income.

Housing Decisions after Retirement - Heather and Dave dive in to the financial implications, tax considerations, and the need to align housing choices with lifestyle goals.

They discuss:

• the evolving nature of retirement housing
• the impact of family dynamics
• the benefits of renting before making a permanent move
• the complexities of retirement housing
• the hidden costs of moving
• the implications of reverse mortgages
• the importance of planning for lifestyle changes
• the challenges of assisted living
• the significance of passing down family homes
• the need for flexibility in retirement housing decisions

They offer practical advice for listeners on navigating these transitions and making informed financial decisions.

Handling your emotions will help you manage the volatility of the stock market! Bear market, bull market, up and down, it's all part of investing. Dave and Heather talk about what to do when your emotions drive you to make changes. The recent tariffs have gotten a reaction from the stock market and it's causing an emotional response from a lot of people!

Dave and Heather are digging into the mailbag to answer your questions!

Dive in with us and hear about the mistakes we see on tax returns.

From starter homes to family homes and second homes, Dave and Heather discuss various decision factors related to “leveling up” to your next home and what should be factored in when buying a second or vacation home. In addition, Heather shares how to calculate your Return on Investment on your primary home using her own situation.

Dave and Heather explore current financial events taking place, including how to prepare for a recession, the knock-on effects of current tariffs put in place, and the challenges US citizens face if they want to move money abroad.