Retire Confidently Podcast

There are many ways to celebrate success. Here are a few ideas:

·       Take some time for yourself. After working hard towards a goal, it's important to take some time to relax and recharge. This could mean taking a day off, going on vacation, or simply spending some time doing something you enjoy.

·       Spend time with loved ones. Celebrating your success with the people you care about is a great way to feel supported and loved. This could mean going out to dinner, having a party, or simply spending some quality time together.

·       Do something you've been wanting to do. When you achieve a goal, it's a great time to do something you've been wanting to do but haven't had the time for. 

·       Give back to others. One of the best ways to celebrate success is to give back to others. This could mean volunteering your time, donating to charity, or simply being kind to someone in need.

·       Celebrate in your own way. There is no right or wrong way to celebrate success. The most important thing is to do something that makes you feel good. So get creative and have fun!

·       Be specific about what you're celebrating. What did you achieve? Why is it important to you? Taking the time to reflect on your success will help you appreciate it even more.

·       Be grateful for your support system. Chances are, you didn't achieve your success on your own. Take some time to thank the people who helped you along the way.

·       Don't forget to enjoy the moment. It's easy to get caught up in the next goal or challenge. But it's important to take some time to enjoy your success. Soak it in and savor the moment!

Are you getting what you want or are you putting yourselves in a position someone could try and get the better of you?

Find out more about the Retire Confidently Program

Purchase The Secure Solution: Creating a High-Quality Retirement in a Low-Interest-Rate World

Telton W Hall, CFP® is a husband, father, retirement planning expert, small-town-boy at heart, nationally published author, sought-after speaker, former college basketball player, founder/owner/team member of Utah based Advanced Financial Planning LLC, hiking enthusiast, Jesus follower, business leader, team builder, and to the core Telton is an educator.

Investing in oneself is a crucial aspect of personal development, growth, and success. Here are some ways you can invest in yourself:

1. Learning: Invest in your education by taking courses, attending workshops, and reading books to acquire new skills and knowledge. You can also enroll in online courses or pursue a degree program.
2. Health: Invest in your health by eating nutritious food, exercising regularly, and getting enough sleep. You can also consider investing in therapy or counseling to address any mental health concerns.
3. Networking: Invest in building relationships with people in your industry or community. Attend networking events, join professional organizations, and connect with others on social media platforms.
4. Personal development: Invest in your personal development by setting goals, practicing mindfulness, and cultivating a positive mindset. You can also seek out mentors or coaches to guide you along the way.
5. Financial stability: Invest in your financial stability by creating a budget, saving money, and investing in stocks or real estate. You can also consider seeking out financial advice from a professional.

Remember, investing in yourself takes time and effort, but the rewards are well worth it. By investing in yourself, you can improve your overall well-being and achieve your personal and professional goals.

Learn More about the Ortons

Get a copy of Knock for just $1 - Use Promo Code: TELTON

Are you getting what you want or are you putting yourselves in a position someone could try and get the better of you?

Find out more about the Retire Confidently Program

Purchase The Secure Solution: Creating a High-Quality Retirement in a Low-Interest-Rate World

Telton W Hall, CFP® is a husband, father, retirement planning expert, small-town-boy at heart, nationally published author, sought-after speaker, former college basketball player, founder/owner/team member of Utah based Advanced Financial Planning LLC, hiking enthusiast, Jesus follower, business leader, team builder, and to the core Telton is an educator.

We work to plan our lives out, think we know how it will all end up. But what about when it doesn't. What next? For the Orton's it was a mini-retirement.

A MINI RETIREMENT?!

A mini-retirement is a temporary break from work or career responsibilities that typically lasts between six months and two years. Unlike a traditional retirement, a mini-retirement is intended to be a short-term break that allows individuals to step away from their current life and explore new opportunities, interests, and experiences.

During a mini-retirement, individuals may choose to travel, learn a new skill, volunteer, or pursue a personal project or passion that they have been putting off. The idea behind a mini-retirement is to take a step back from the daily grind of work and routine, and to focus on personal growth, self-discovery, and rejuvenation.

Many people choose to take a mini-retirement during their mid-career years, when they have established a solid financial foundation and are looking to recharge their batteries and gain a new perspective on life. A mini-retirement can also be a great option for those who are feeling burned out, stuck in a rut, or simply looking for a change of pace.

Overall, a mini-retirement is a unique opportunity to step out of the rat race, re-energize, and explore new opportunities, while still having the ability to return to one's career or work responsibilities at a later time.

Learn More about the Ortons

Get a copy of Knock for just $1 - Use Promo Code: TELTON

Are you getting what you want or are you putting yourselves in a position someone could try and get the better of you?

Find out more about the Retire Confidently Program

Purchase The Secure Solution: Creating a High-Quality Retirement in a Low-Interest-Rate World

Telton W Hall, CFP® is a husband, father, retirement planning expert, small-town-boy at heart, nationally published author, sought-after speaker, former college basketball player, founder/owner/team member of Utah based Advanced Financial Planning LLC, hiking enthusiast, Jesus follower, business leader, team builder, and to the core Telton is an educator.

Erik and Emily Orton went from broke to bootstrapping life aboard a sailboat in the Caribbean for a year with their five children. They are the authors of the New York Times Top 10 Travel Book Seven at Sea. They teach, write and speak about how to create unforgettable memories with your kids before they leave home. They coach moms and dads on how to live their best lives and inspire your kids to do the same. Family first doesn't mean mom and dad last.

Learn More about the Ortons

Get a copy of Knock for just $1 - Use Promo Code: TELTON

Are you getting what you want or are you putting yourselves in a position someone could try and get the better of you?

Find out more about the Retire Confidently Program

Purchase The Secure Solution: Creating a High-Quality Retirement in a Low-Interest-Rate World

Telton W Hall, CFP® is a husband, father, retirement planning expert, small-town-boy at heart, nationally published author, sought-after speaker, former college basketball player, founder/owner/team member of Utah based Advanced Financial Planning LLC, hiking enthusiast, Jesus follower, business leader, team builder, and to the core Telton is an educator.

Just because we repeat something over and over doesn't make it true. Similarly, just because someone believes something to be true, that also doesn't make it true.

Enter the confusion around the Personal Residence Exclusion.

If you meet certain conditions, you may exclude the first $250,000 of gain from the sale of your home from your income and avoid paying taxes on it. The exclusion is increased to $500,000 for a married couple filing jointly. There are also several exceptions to the exclusions as well. For example, a death in the family, losing your job and qualifying for unemployment, not being able to afford the house anymore because of a change in employment or marital status, a natural disaster that destroys your house, or you or your spouse have twins or another multiple birth.

But don't do something based on what your neighbor says, what you've heard, or what you think you might remember. Count on someone who works in this space, knows the ins and out, and can help you move forward confidently.

Are you getting what you want or are you putting yourselves in a position someone could try and get the better of you?

Find out more about the Retire Confidently Program

Purchase The Secure Solution: Creating a High-Quality Retirement in a Low-Interest-Rate World

Telton W Hall, CFP® is a husband, father, retirement planning expert, small-town-boy at heart, nationally published author, sought-after speaker, former college basketball player, founder/owner/team member of Utah based Advanced Financial Planning LLC, hiking enthusiast, Jesus follower, business leader, team builder, and to the core Telton is an educator.

1. Eligibility: You can contribute to a Roth IRA if you have earned income and your modified adjusted gross income (MAGI) is within the limits set by the IRS. For 2022, the contribution limit is $6,000 for those under 50, and $7,000 for those 50 or older.
2. Tax Treatment: Contributions to a Roth IRA are made with after-tax dollars, meaning you don't get an immediate tax deduction. However, qualified withdrawals are tax-free.
3. Withdrawals: You can withdraw contributions at any time without penalty, but earnings can only be withdrawn tax-free if you're 59 1/2 or older, and the account has been open for at least five years. There are also exceptions for certain life events, such as disability or first-time home purchase.
4. Conversion: You can convert a traditional IRA or other eligible retirement plan to a Roth IRA, but you'll have to pay taxes on the amount converted.

It's important to note that Roth IRA rules and limits can change from year to year, so it's important to stay up to date with the latest information from the IRS - If you have any questions please make an appointment with me

Are you getting what you want or are you putting yourselves in a position someone could try and get the better of you?

Find out more about the Retire Confidently Program

Purchase The Secure Solution: Creating a High-Quality Retirement in a Low-Interest-Rate World

Telton W Hall, CFP® is a husband, father, retirement planning expert, small-town-boy at heart, nationally published author, sought-after speaker, former college basketball player, founder/owner/team member of Utah based Advanced Financial Planning LLC, hiking enthusiast, Jesus follower, business leader, team builder, and to the core Telton is an educator.

The Saver's Tax Credit is referred to in IRS tax forms as the “Credit for Qualified Retirement Savings Contributions.” This non-refundable credit may be helpful if matched-savings plans, such as Individual Development Accounts (IDAs), are not available or when saving for retirement is a high priority.

The Saver's Credit is a great way for low- and moderate-income individuals or couples to save for retirement while also saving money on their taxes. The credit is worth a maximum of $1,000 ($2,000 if you file jointly) and there are three tiers of the credit.

Have your eyes glossed over? 

Reach out to me and let me help you understand the "Savers Credit"

Are you getting what you want or are you putting yourselves in a position someone could try and get the better of you?

Find out more about the Retire Confidently Program

Purchase The Secure Solution: Creating a High-Quality Retirement in a Low-Interest-Rate World

Telton W Hall, CFP® is a husband, father, retirement planning expert, small-town-boy at heart, nationally published author, sought-after speaker, former college basketball player, founder/owner/team member of Utah based Advanced Financial Planning LLC, hiking enthusiast, Jesus follower, business leader, team builder, and to the core Telton is an educator.

There are NO RULES!

Problems in your life could be solved by daydreaming

Problems in our society could be overcome by daydreaming

The first rule of daydreaming there are no rules.

So often what stands in your way is you. You don’t allow yourself to really consider that things COULD be possible. We talk ourselves out of something before we even allowed ourselves to see if the thing is even possible.

Daydream now about what you want your life to be and what you want your retirement to look like.

Are you getting what you want or are you putting yourselves in a position someone could try and get the better of you?

Find out more about the Retire Confidently Program

Purchase The Secure Solution: Creating a High-Quality Retirement in a Low-Interest-Rate World

Telton W Hall, CFP® is a husband, father, retirement planning expert, small-town-boy at heart, nationally published author, sought-after speaker, former college basketball player, founder/owner/team member of Utah based Advanced Financial Planning LLC, hiking enthusiast, Jesus follower, business leader, team builder, and to the core Telton is an educator.

Getting reflective about the year 2022. Markets were down. My father passed away. Many events will be touchstones for the rest of my life.

Life gives us the opportunity to get better, grow stronger, see new perspectives…but it doesn’t always mean that we want to do it. It similarly doesn’t mean that we aren’t afraid of it either. 

If you are able to move forward in uncertainty your connections and relationships deepen because of the closeness that comes through dealing through the hard time.

ASSIGNMENT

Where are some areas that you have some pushback that you believe you will actually rise above it?

Are you getting what you want or are you putting yourselves in a position someone could try and get the better of you?

Find out more about the Retire Confidently Program

Purchase The Secure Solution: Creating a High-Quality Retirement in a Low-Interest-Rate World

Telton W Hall, CFP® is a husband, father, retirement planning expert, small-town-boy at heart, nationally published author, sought-after speaker, former college basketball player, founder/owner/team member of Utah based Advanced Financial Planning LLC, hiking enthusiast, Jesus follower, business leader, team builder, and to the core Telton is an educator.

Growing up in a small town I had my share of “learning experiences” One such experience came about when my friend “Bodie” said we drive to the nearby town to where the road is inclined and drive my Chrysler Plymouth of a “jump” – Luckily I lived to tell the tale of the Chrysler Plymouth

Where you are and what you need to retire creates vision. When you have an exact vision misunderstandings disappear – Clarity = Confidence

Are you getting what you want or are you putting yourselves in a position someone could try and get the better of you?

Find out more about the Retire Confidently Program

Purchase The Secure Solution: Creating a High-Quality Retirement in a Low-Interest-Rate World

Telton W Hall, CFP® is a husband, father, retirement planning expert, small-town-boy at heart, nationally published author, sought-after speaker, former college basketball player, founder/owner/team member of Utah based Advanced Financial Planning LLC, hiking enthusiast, Jesus follower, business leader, team builder, and to the core Telton is an educator.