I am a worrier. As my dad says, “Ashley, we come from a long line of worriers”. Like it’s something to be proud of or something I’m powerless against. I worry about my kids constantly. I just want to bottle them up and preserve them just as they are. It's excruciating, because my overprotective, helicopter mom tendencies run deep. Knowing where the line is on keeping my children safe vs letting them explore the world is a constant internal battle. 

I worry about my business, a difficult conversation I need to have with someone, how divided we are as a nation and whether or not that can be repaired or if eventually we will descend into complete chaos and ruin the greatest experiment in capitalism the world has ever or may ever know. But I digress. 

This might surprise you given my default worried state, but I don’t worry about money all that much. I don’t worry much about my own money or the money of my clients. I haven’t fully unpacked why that is. I think it’s a combination of experience and self-preservation. I would be a nervous wreck and a terrible advisor to my clients if I worried a lot about money - both my own and their money. I knew that I needed to not allow myself to get rattled by a downturn in the economy, world events, and global stock market meltdowns, because my shakiness would only lead to bigger problems for clients. 

So I don’t react too strongly when the Dow drops by 1000 points or worse. In March last year, when the stock market was in freefall, I was more worried about my clients throwing in the towel on their long-term investment strategy, than I was worried about the state of the economy or the stock market. 

My clients, on the other hand, worry all the time about their money. Some more than others, of course. But it is part of my job to help clients work through their worries, determine if this worry is rational, and what steps we can take to reduce or eliminate a particular worry. 

And that’s what I’m covering this week on the One Minute Retirement Tip podcast - the Biggest money worries for retirees. 

What are those top money worries for retirees? 

• Outliving your money
• Inflation
• A big stock market crash
• Health care costs
• Cuts to social security

Any of these sound familiar? If the answer is yes, you’re most definitely not alone! Just be sure to stick around this week where I’ll share with you how you can take practical steps to reduce or sometimes even eliminate these worries in your own situation. 

That’s it for today. But before you go, I just want to say thank you so much for listening to the One Minute Retirement Tip Podcast! This podcast is aimed at helping you enjoy a meaningful and financially secure retirement. If you’re within 10 years of retirement or you recently made the leap into retirement, then you’ve come to the right place.  

I’m your host, Ashley Micciche, and each week, I take a retirement planning topic and I break that down into digestible daily doses of retirement wisdom, so in just a few minutes a day, you’ll be better equipped to live the retirement you envision.

So come on back tomorrow and in the meantime, I hope you have a blessed day. 

----------

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

It’s Sunday, which means...It’s recap time! The theme this week on the One Minute Retirement Tip was “Try Selling on Facebook Marketplace and Finally Get Rid of Your Clutter”.

Here’s what I covered in each episode this week:

• Facebook Marketplace vs. Craigslist
• How To Get Rid Of Clutter Using Facebook Marketplace
• The Worst Items To Sell On Facebook Marketplace
• The Secret To Selling Fast on Facebook Marketplace
• Finding Bargains on Facebook Marketplace 

Hopefully after listening to the One Minute Retirement Tip podcast this week, you’re inspired to get to work on spring cleaning, decluttering, and experimenting with selling items on Facebook Marketplace. If you’re like me, you may even have some fun selling your items and fattening your wallet in the process. 

Tomorrow, we are starting a brand new theme: biggest money worries for retirees. What are your biggest concerns about your finances as you approach and transition into retirement. I’ll talk about these worries in detail as well as how to calm your fears and take practical steps to prevent these money worries from coming to fruition in next week’s tips. 

And before you go, be sure to check out my YouTube channel - True North Retirement, where I post a new video every Sunday on helping you live a fulfilled and financially secure retirement. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

----------

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

The theme this week on the One Minute Retirement Tip is “Try Selling on Facebook Marketplace and Finally Get Rid of Your Clutter”.

So far this week I have focused solely on selling on Facebook marketplace with the intention of getting rid of those items in your home that you no longer use, you're no longer serving you, and are just taking up valuable real estate in your home. Today I want to do something a little bit different which is focus on buying on  Facebook Marketplace.

Not only have I sold a bunch of stuff on Facebook Marketplace I've also bought a few things as well. If you're new to Facebook Marketplace and you haven't tried it yet as either a buyer or a seller I certainly encourage you to try to as a seller first. After all the theme of this week is about getting rid of your clutter and not increasing your clutter or bringing you clutter into your home. However I'm certain things I have found it to be a very valuable resource especially for those of you who are more frugal minded. let me give you an example:

I just had my third child in September and I've had a jogging stroller since my first child was born in 2014. But my three-year-old still likes to ride in the stroller, my six-year-old is big enough now or she can walk, and I need to push baby in stroller. So I knew I needed to upgrade and buy a double stroller that can fit both my three-year-old and my newborn baby. I knew exactly the type of stroller that I wanted - Baby Jogger City Select double stroller. the problem is I have sticker shock with this stroller because it sells for about $800 brand new on Amazon. and with all the accessories and car seat adapters that I would need to buy I'd probably be spending another couple hundred dollars on this stroller.

Starting in Spring of 2020 I started to casually start looking for baby strollers and particularly this double stroller that I wanted. there were items listed from time to time on Facebook Marketplace, but I always felt that they were a little bit overpriced. so I just kept diligently looking from time to time. I might look on Facebook and type in the stroller I was looking for every few weeks, just to see if anything new had popped up. by the Fall baby have arrived and I still didn't have my double stroller. However one day I typed in My Baby Jogger City Select double stroller into the search on Facebook Marketplace dot-dot-dot and there she was. Exactly the stroller I was looking for, even had this writing board that you hook onto the back of the stroller where an older kid like my six-year-old could ride. I messaged the seller asked if the stroller was still available, I noticed he had listed it a couple weeks prior, he told me that I could have the stroller for $125.  What an amazing find?!

I had my double stroller and not only that I had a triple stroller where all three of my kids then I could go out and walk together and have a good time. It was a practical purchase and it was an economical purchase. Because if I take care of the stroller there's a really good chance that I could turn around and sell it when I no longer need it anymore for about what I paid for it. So even if you're not into selling items on Facebook Marketplace I still think it has value for The penny-pinching Frugal person know when it's smart to buy something second hand versus paying for something you outright. in my situation it took quite a bit of time and patience to find exactly what I was looking for at just the right price, but it worked out in this situation and for certain items that that you are looking to purchase but don't want to spend a lot of money, it can work out well for you too.

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

----------

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

The theme this week on the One Minute Retirement Tip is “Try Selling on Facebook Marketplace and Finally Get Rid of Your Clutter”.

Today, I'm talking about the secret to selling fast on Facebook Marketplace. I have sold things in less than 5 minutes on Facebook Marketplace and I have had things sit with little to no interest for over a month on Facebook Marketplace. A difference I think comes down to pricing. It is all about pricing. if you think about Facebook marketplace with the right mindset, and I think the right mindset is really that it should function as a way to get rid of clutter in your house and things you no longer need but that can be valuable for somebody else, then you can use it to your advantage.

sometimes it can be a real hassle to hack something up and get down to the donation center, especially right now with with a lot more restrictions on that. sometimes if you have something bulky like a Furniture item or a large something it's often easier just to have somebody come to you and get. and if you price it right which sometimes includes pricing it as free you can sell pretty much everything on Facebook Marketplace.

This is kind of a depressing story but our dog died last February in 2020. He was a dachshund and he was nearly 17 years old. In fact on his 16th birthday I put him in my kids Power Wheels Motorized car snapped a picture and joked that y'all better watch out because then he's on the road now it's 16. but little Benny had a dog bed in our living room that I no longer needed after he died. And frankly he didn't use it that much anyways the dog was spoiled and he spent most of his time on the couch and turned up his nose at that dog bed. The dog bed as a result was in excellent condition it didn't think of dog odor and I cleaned up before I listed it on Facebook Marketplace but I listed this dog bed from Costco for free on Facebook and I probably had 25 messages in the first 15 from people who are interested in buying the dog bed. The dog bed was Okie I didn't want to haul it to the donation center, and I knew there was somebody out there who would be interested in that dog bed. And I was right. Now I could have listed that dog bed for money and not listed it as free but at the time I just wanted to get rid of it and I wasn't really sure how I used someone smelly dog bed with sell on Facebook Marketplace. Apparently it probably would have sold quite well even if I requested 10 or $15 for the item.

If you think about pricing your items on Facebook Marketplace similar to how you add items for a yard sale or garage sale I think you will sell items quicker on Facebook. Again as I've mentioned earlier in the week a goal with Facebook Marketplace & is not to get top dollar for your items, but to sell the items quickly and to have successful selling. If you don't have interested buyers within the first day or two of listing an item then that tells you that you've probably priced the item to high. At least that's what I found in my own.

I encourage you to learn from my mistakes price your items attractively as if you were pricing them for a garage sale or yard sale, and I think you'll see that that will lessen the hassle factor of selling items on Facebook and help you sell items quickly and finally get rid of your clutter. 

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

----------

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

The theme this week on the One Minute Retirement Tip is “Try Selling on Facebook Marketplace and Finally Get Rid of Your Clutter”.

Yesterday I talked about the types of items that sell like hotcakes on Facebook Marketplace. Today I'm talking about the other side of the coin to that which is the worst items to sell on Facebook Marketplace. And believe me if there's anything that I can teach you about using Facebook Marketplace is what I can teach you from the mistakes that I have made in the junk that I have tried to sell and unload on Facebook Marketplace. Here are just a few items that I have tried to sell unsuccessfully on Facebook Marketplace:

• A Christmas dinnerware set. I'm actually a little disappointed in this one because I thought this was so fantastic. It's cute, it's Christmas Eve, and the set is complete and has pretty much never been used. By the way this one is still listed on Facebook so contact me if you want to buy it.
•  Another category of items that just sells terribly on Facebook and by terribly I mean not at all or Handbags and wallet I've tried to sell a couple of Coach items on there a really expensive Tumi leather tote bag on there, and have much had zero responses on those items. I think the real trouble here is that I probably want more for them than what they're worth, and I just need to lower the price. but my ego can't bear the thought of parting ways with my $400 Tumi tote bag for less than a hundred bucks considering it's still in excellent condition.
• yesterday I mentioned how well Electronics cell but that needs to be taken with a grain of salt because outdated Electronics I find don't generally sell that well. Last year I actually tried to get rid of one of those big boxy old TVs, and I had actually listed it for free and I couldn't even get rid of it for free. I finally did but it took a really long time to find somebody who wanted that thing. 

An article I stumbled upon while researching ideas for this week's tips was an article titled: Facebook Marketplace: the world's worst flea market. The article was 5 years old and poo poos Facebook Marketplace as a legitimate platform, however five years later that proves to be wrong. There is some truth in the sentiment of this article which is there are just certain things that are junk and should not be sold on Facebook.

I think you can sell pretty much anything on Facebook, especially if it's not too Niche, and it's priced right. I'll talk about pricing in more detail tomorrow, but when it comes to the worst items to sell on Facebook I think the key to keep in mind is that most everything can sell at a good price, that's in good condition.

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

---------

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

The theme this week on the One Minute Retirement Tip is “Try Selling on Facebook Marketplace and Finally Get Rid of Your Clutter”.

Today, I'm talking about the specific process that I used to get rid of clutter using Facebook Marketplace. Since last fall I've been decluttering certain spaces in my house. One week that might be a utensil drawer in my kitchen, the next week I might sell some Christmas decorations, and the week after that I might sell a decorative orb that I have no idea why I purchased in the first place.

As I go through my house and declutter most of the items get packed up to go to the donation center.. but as I declutter things and put stuff in the donation pile, I ask myself which of these items would likely sell quickly on Facebook Marketplace.

I sold enough items on Facebook Marketplace at this point that I have a pretty good sense of what sells well and what I should just pack up in the donation pile, and go ahead and donate.If you’re ready to declutter and start selling a few things on Facebook Marketplace, here’s the process that I use and recommend:

Go through one space in your home at a time. And I don't mean one room at a time because that can seem overwhelming. I do really mean one space. It could be a bookshelf, or a drawer in your kitchen, or a cabinet in your living room that you're not entirely sure what's even in there anymore. 

I like to start with places in my home that I know are going to have a high impact. These are the spaces in my home that I use the most -  my kitchen, my living room, my bedroom, my closet, my bathroom. These are the spaces in my home that I've systematically gone through over the last few months, and thrown out items that need to be trashed, set aside items for the donation pile, and lastly, curated items that I think will sell quickly and for a decent price on Facebook.

The key here is to not waste your time trying to sell things on Facebook Marketplace that simply won’t sell. Trust me when I tell you I have tried to sell numerous things on Facebook Marketplace, only to have it sit there with nobody interested in buying my junk. With that in mind here are the top items that sell well on Facebook Marketplace and even other places like eBay and Craigslist:

• Laptops.
• Televisions.
• Home goods.
• Pet supplies.
• Baby items.
• Yard tools.
• Outdoor recreation items.
• Video games.
• Furniture.
• Jewelry.
• Collectibles.
• Vehicles.

The best way to figure out what’s going to sell  in your situation is just to keep in mind these categories and then just to list your item for a fair price. You can see what other similar items are already selling for and how much competition you already have, which will help you price your item attractively. If you go into it with the mindset of selling quickly, and not getting top dollar, you’ll find that you can sell items quicker. 

And if you're like me at all you may find it a little bit addictive and satisfying to make a quick buck selling some items on Facebook. It also works wonders if you're trying to beef up your savings account, maybe pay off a few hundred dollars of a credit card bill or medical expenses, or cover some type of an emergency. You'd be surprised how quickly you can sell things just laying around your home when you're in a tight spot financially.

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

----------

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

The theme this week on the One Minute Retirement Tip is “Try Selling on Facebook Marketplace and Finally Get Rid of Your Clutter”. If you're on Facebook but you haven't given Marketplace a try I strongly urge you to consider using marketplace to get rid of some clutter and fatten your wallet at the same time - especially as we head into spring, and you start thinking about spring cleaning and getting serious about purging and decluttering.

I just had my third child last September and something weird and hormonal happens after I have a baby. What I've noticed with each of my kids is that while I'm pregnant I go through this intense nesting period. You’ve probably heard of that or experienced it yourself. I buy all of the things in the world – diapers, wipes, and stock my pantry and freezer full of food in preparation for the apocalypse. 

It is intensely comforting to a 3rd trimester mama to have everything that I could possibly need in preparation for baby’s arrival. However as soon as that baby is born I do a complete 180 and all of a sudden I go into purge mode. That's what happened this fall after my 3rd baby was born. I started decluttering throughout my house - getting rid of duplicate items, purging my closet, taking decorative items off of bookshelves that had no sentimental value and were only serving as visual clutter in my home.

So in the spirit of my recent decluttering kick which involves a lot of listing and selling items on Facebook Marketplace, today I want to talk about the difference between Facebook Marketplace and its primary competitor which is Craigslist.

Now if you've ever bought or sold anything on Craigslist, it has this really icky feeling about it. My husband once bought something on Craigslist from somebody years ago, and I remember him taking a co-worker with him for protection as they met this random person in a deserted parking lot somewhere to do the transaction. Oftentimes when you enter into an agreement to buy or sell something to someone on Craigslist, all you have is maybe a phone number, you're not even sure if they are who they say they are, and it just feels like something bad could happen at any time, like a drug deal gone wrong. All to sell a bookshelf or a car part. 

And I think that's the primary difference between Craigslist and Facebook Marketplace. Why you don't necessarily know who that person is that you're selling your item to on Facebook Marketplace, you know that person has a name, because you can look up their profile, you can see their profile photo, where they live, and often times they also have a rating on Facebook Marketplace if they sold or bought on there before. I have a rating of only like 3 stars because I tend to be slow to respond to people. 

So you can get a sense for this person is and whether or not you want to give them your address to come pick up the item that they're going to buy from you

I think that's a number one benefit of Facebook Marketplace to sell and get rid of items quickly, is that there is a higher trust factor with using Facebook Marketplace over a platform like Craigslist.

The other thing I really like about Facebook Marketplace is that it is really really easy to list something quickly and sell it. You can snap a few pictures of the item you want to sell and in less than 5 minutes you can have that item listed. 

And you get to dictate the terms, so most of the time if I'm selling something on Facebook Marketplace, I'm requiring that the person pick it up on my porch and leave cash under the mat, especially for lower ticket items. There is some sort of an honor system involved in this process but if you're selling lower value items for $5, $10, or $25, it's a pretty low-risk way to get rid of items quickly and not have to put in much effort. 

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

----------

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

Last summer I sold a dining patio furniture set on Facebook marketplace for $450. We had bought it a few years ago after we moved into our new house. We thought we would use it a lot more than we did. But instead it was under a covered patio area that we had in our backyard and it was taking up a lot of valuable real estate that my kids could otherwise play in. And in Oregon especially where it rains 8 months out of the year, having a covered outdoor patio space for my kids to play when it's raining and cold was just too valuable to allow to be taken up by a dining room set that we were never using. Also it was collecting all kinds of pollen and dirt, so I just decided last summer that I'm going to sell this thing.

I listed it on Facebook Marketplace and about 2 hours later I had found a buyer after combing through numerous other interested people. 

The great thing about this particular transaction on Facebook Marketplace is that:

• I got exactly what I was asking for price wise. 
• Secondly, this thing was a big bulky giant table with 6 chairs. It would have been a hassle to haul it off somewhere or to donate it. 
• And lastly I was 7 months pregnant at the time and there was no way I was going to lift a finger removing the patio set from my backyard. 

The buyers were excited to get a good deal on an outdoor patio dining set, I was excited to get that thing out of my life, and my kids were over the moon excited to have more play space in our backyard.

Other than being a really convenient way of making money selling things that you no longer need, Facebook Marketplace is a really interesting platform for decluttering and selling your items. 

That's really why I'm focusing on this topic of Facebook Marketplace - because it’s an incredible and unique tool for finally getting rid of your clutter. Yes you can make money selling your stuff. deal. You can even try flipping things on Facebook Marketplace, but that's not the direction of this week's tips. This week I’m focusing on selling items on Facebook Marketplace to get rid of your clutter and why that will help you simplify your life, get rid of your clutter, and it focus more on what's most important to you in the process. 

With spring arriving at the end of this week, it’s the perfect time to think about cleaning up and saying goodbye to those items that you no longer need and are only taking up space and cluttering up your home. 

This week on 1 minute retirement tip podcast I am going to talk about: 

• What I’ve sold on Facebook marketplace 
• What kind of items sell best on Marketplace, as well as the kinds of items that are almost impossible to sell. 
• My secret to selling items fast on Marketplace
• And the sad truth about why some things you own are completely worthless and impossible to sell. 

That’s it for today. But before you go, I just want to say thank you so much for listening to the One Minute Retirement Tip Podcast! This podcast is aimed at helping you enjoy a meaningful and financially secure retirement. If you’re within 10 years of retirement or you recently made the leap into retirement, then you’ve come to the right place.  

I’m your host, Ashley Micciche, and each week, I take a retirement planning topic and I break that down into digestible daily doses of retirement wisdom, so in just a few minutes a day, you’ll be better equipped to live the retirement you envision, and have more clarity about how to make that happen and not run out of money. 

I’ll see you tomorrow and I hope you have a blessed day!

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

It’s Sunday, which means...It’s recap time! This week’s theme was What You Need To Know Before Starting IRA Withdrawals. As my clients approach retirement, and especially as they approach age 72, when required minimum distributions start, I get a lot questions. So this week, I answered the most common questions I get about IRA required minimum distributions. 

Here’s what I covered in each episode this week:

• When Do I Have To Start IRA Required Minimum Distributions?
• How Much Do I Have To Withdraw From My IRA At Age 72?
• The Best Time to Take Your RMD
• How To Avoid Paying Taxes On Your Required Minimum Distributions
• The Big Mistake You’re Making With Your IRA Distributions

Hopefully after listening to the One Minute Retirement Tip podcast this week, you have answers to some of the most commonly asked questions, and know how to avoid some of the more common mistakes when starting your IRA withdrawals. 

Even if you’re still a few years away from starting your RMDs, it’s not too early to understand the do’s and don'ts with required minimum distributions, so you can avoid mistakes and make better decisions. 

Tomorrow, we are starting a brand new theme: Try Selling on Facebook Marketplace and Finally Get Rid of Your Clutter.

If you’re in the mood to do some spring cleaning, next week’s tips are for you! I’ve sold a lot of crap on Facebook marketplace over the last couple years - everything from pianos, to nightstands, to an elliptical, to some really random stuff like plastic hangers and a dog bed. It’s been a game changer for getting rid of clutter and stuff I no longer need or want. I’ve learned a few things along the way and I’ll be sharing with you my tips to help you reduce unwanted clutter and fatten your wallet at the same time. 

And before you go, be sure to check out my YouTube channel - True North Retirement, where I post a new video every Sunday on helping you live a fulfilled and financially secure retirement. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

The theme this week on the One Minute Retirement Tip is What You Need To Know Before Starting IRA Withdrawals. I’m answering the most common questions I get about IRA required minimum distributions. 

Today, I'm talking about the big mistake or actually mistakes that you're making with your IRA distributions. These are the mistakes and they're all kind of related but these are the mistakes that I see clients make over and over and over again. These mistakes usually center around taxes and withholding. 

One of the most common mistakes that I see among people has to do with their first IRA mandatory distribution. The rules allow the first distributionto be deferred to April of the following year, so rather than having to withdraw your first RMD by the end of the year that you turn 72, you don't actually have to take your first required minimum distribution until April of the following year. 

But if you wait until April of the 2nd year - the year that you turn 73 to take that first distribution - you'll actually end up taking 2 required minimum distributions in that second year. That means double the distribution, double the reported income, and double the taxes from your IRA in that year. 

This situation can lead to all kinds of unintended consequences and potentially putting you in a higher tax bracket. So generally I don't advise clients to wait take their required minimum distribution in that first year. 

The other related mistake that I often see with required minimum distributions is improper tax withholding. I can't give you tax advice, and the amount of withholding that you have is completely up to you. I see some clients who withhold nothing and that's perfectly appropriate and I have other clients who withhold up to 25%. That's usually the top end of what I see. 

Where I see people making mistakes is withholding the wrong amount. Either you're in a really low tax bracket and you withhold too much in taxes, or you're in a high tax bracket and you don't withhold enough on taxes.  That's really the big mistake I see - improper withholding.

I strongly urge you to talk with your tax adviser to make sure that you're withholding matches your individual tax situation and that you are withholding an appropriate amount. I also recommend that you revisit your withholding every at least two or three years, since your tax situation will change, your income & your life circumstances will change, and tax laws will change.

Don't set it and forget it. Make sure that you're reviewing your withholding and right now -in the midst of tax season - it's a great time to revisit that and determine if your withholding amount should be adjusted based on this year's estimated income.

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

----------

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast