Retirement: Redefined

With half of the wealth in the United States resting in the hands of the Boomer generation, the landscape is set for a shift as they age. In this episode, we discuss the complexities of the great wealth transfer, explaining potential pitfalls, the crucial consideration of taxes during the transfer, and the misconception that money alone can solve all problems.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/70

Discover the secret to your long-term financial well-being in this episode as we dive into Brad's concept of "real net worth." While net worth is commonly used to gauge financial success and retirement readiness, the calculation is often misunderstood. In this episode, you'll learn about the nuances of your true assets and liabilities, going beyond conventional measures to see where you truly stand.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/69

Choosing a financial advisory firm is a critical decision, and today, we'll dive into why Fiat stands out among the rest. We'll break down how, unlike firms dealing with trust funds or perpetual wealth, Fiat focuses on those transitioning from their working years to retirement, fostering relationships with clients they genuinely care about. Listen in to discover the significance of liking your financial advisor and the benefits of seeking help for retirement planning.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/68

Today we dive deep into the question of whether it makes sense to own a home as you transition into retirement. As retirement brings various life-changing decisions, the choice between owning and renting a home is a critical one. We'll present both sides of the argument, exploring the advantages and drawbacks.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/67

Today we dive into the insights and experiences gained over the years. We reflect on the lessons that have shaped our approach, the things we wish we knew when starting, and the areas where we might have taken a different path. From stepping into the unknown world of our first jobs to the realization that financial planning is not just about investments, we discuss the complexities of the industry.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/66

Today we dive into the age-old debate: is all debt really bad? While it's true that debt always carries some level of risk, we challenge the notion that it's universally detrimental. We explore various scenarios where debt can be a useful financial tool and why taking out a mortgage, for example, might not be the financial bad guy it's often portrayed as.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/65

How does the act of saving money impact your financial well-being, and why is it often underestimated or overlooked? In this episode, we will discuss Chapter 10 of The Psychology of Money by Morgan Housel, titled "Save Money." We dissect the influence your savings have on wealth-building—an aspect even more crucial than your income or investment returns.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/64

Today we sit down with two special guests, William and Hudson, to have a candid conversation about an essential aspect of parenting: teaching kids about money. Raising financially savvy children is a challenge many parents face, and it's crucial to equip them with the knowledge and skills to make sound financial decisions as they grow. Whether you're a parent, grandparent, or simply someone eager to nurture the financial acumen of the young minds in your life, this episode is designed to provide valuable tips and strategies for navigating the delicate subject of money with children.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/63

What are the critical aspects of estate planning and the common pitfalls that people often face? In this episode, we delve into these questions and more with Jay Organek, VP of Legal Product at Wealth.com. Navigating the emotional complexities tied to inherited assets and finances can be challenging, so we start off by addressing a fundamental question: Why is it so important to think about your mortality and plan for the inevitable—especially when it comes to securing your family's future as beneficiaries of your estate?

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/62

Ever wondered about the difference between being rich and being truly wealthy? In this episode, Matt and Brad delve into the world of wealth, riches, and the perceptions that surround them. Drawing inspiration from The Psychology of Money by Morgan Housel, they explore the difference between being rich and being wealthy—and why it's essential to understand this distinction.

You can find show notes and more information by clicking here: https://www.fiatwm.com/podcast/61