Are you ready to take control of your financial future? In this episode I am joined by Anthony Ruffalo, CFP and we have a candid and authentic conversation about core financial planning essentials. Financial Planning can be broken down into 3 key parts; Retirement, Education and Survivorship. Something Anthony calls RES. We will be guiding you through the key strategies to build a stable financial foundation. 

Helping you to be wise with your money!
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Do taxes go away when you retire? Well, some do. Like FICA and Medicare that was deducted from your paycheck when you were working. But there are certain taxes that still would come into play when you retire that takes some tax planning strategies.
Lets get into those taxes you may face when you retire and ways to help minimize taxes in retirement.

Here is the IRS social security tax calculator: https://itap1.for.irs.gov/owda/0/inve...

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Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
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Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
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To schedule a complimentary consultation with me: 👉...

Retiring early requires a LOT of planning. Here are 5 things to consider.

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📝 Get your Free Retirement Plan checkup
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To schedule a complimentary consultation with me: 👉https:

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
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For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
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Want to open an investment account for your child? Well, custodial accounts come in different flavors and it depends on what your goal is for the account. Is it saving for college? Investing for their future retirement? Or just getting them started with investing?
Custodial accounts can be a great way to start building wealth for your children. In this video I will be discussing advantages and disadvantages of each type of account to help you decide what is best for both you and your child.

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Helping you to be wise with your money!
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📝 Get your Free Retirement Plan checkup
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Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
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For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
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I've been a financial advisor for over 35 years and have seen some common financial mistakes that people make like:
Going to cash when the market goes down. This can be a mistake because you could miss out when a rebound happens.
Lifestyle Creep. As your income increases you should still maintain your savings rate. Don't keep up with the Jones'!
Credit card usage. Credit card debt is a big issue. Get a debt reduction plan. Use the "snowball effect" or the "Avalanche Effect"
Not automating their savings: Set up a automated savings plan from your bank account to your savings. Start with your emergency fund, then graduate to your 401k and other savings goal.  Don't save what's left over pay yourself first!
Not having a financial plan: by having a financial plan you have a plan of action that will answer the questions of , How much should I be saving? How do I get out of debt? How much to save for college savings plan for the kids?
Taking 401k loans. 401k's are meant for retirement. Not for vacation, cars or other luxury items. 401k loans are taking away from your future retirement income.
Procrastinating on getting a will and Power of Attorney: without a will the court will decide who takes care of the children and who gets what.
Buying too much of a car. A car is a depreciating asset. Use these guidelines, 20% down, car payment should be 10% of your net income and don't finance more than 3 years.
 

Helping you to be wise with your money!
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📝 Get your Free Retirement Plan checkup

Helping you to be wise with your money!
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In this episode of That Financial Guy I talk with, my brother, Kevin Wilson. We discuss his somewhat recent move to Prescott Arizona, What are some of the changes that he experienced as far as cost of living, housing costs, and quality of life since he has moved there. Could this be a retirement destination!!! According to a recent study from The Motley Fool, quality of life ranked the #1 factor in considering where to retire. But there are other factors to consider when thinking about your destination to retirement. 

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
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Are you ready for retirement? If you are in your 50's, here are some things to check off your list to be prepared for retirement:
- Evaluate your current plan to make sure it's on track
- Review your investment strategies
- Review your social security statements for accuracies
- Consider Roth conversions
- Get out of debt
- Consider Long Term Care Insurance
- Make sure estate planning documents are in place and review beneficiary designations.

Check out the YouTube video version of this podcast here: https://youtu.be/NfEI_cPLtqo

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
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For more resources: 👉   https://wfa-nc.com/insights

 📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-check-up

To schedule a complimentary consultation with me: 👉 https://wfa-nc.com/connect

I want you to be more confident in your future: 
whether that be through preparing for retirement, 
financial planning, portfolio analysis, or college planning. 

I trust the information you receive through these videos
proves helpful with your personal financial situation!

Website: www.wfa-nc.com
Facebook: https://www.facebook.com/KeithWilsonF...
Linkedin: https://www.linkedin.com/in/keithwils...

I am looking forward to seeing you achieve your financial goals!

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-ch...

To schedule a complimentary consultation with me: 👉...

Sarah, a 24 year old entering the workforce as a pharmacist, wants to retire at age 50. Lofty goals! Kudos to her for thinking about retirement at age 24, but can she do it? Mike and Lisa, ages 32 and 33, are small business owners with 2 small children and would like to retire in their 50's at the same time fund their children's education. That's their story, let's see how Keith and Jack can shed some light on their situation!

To see the podcast on YouTube: https://youtu.be/cGcehv4IWVk

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉   https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-ch...

To schedule a complimentary consultation with me: 👉 https://wfa-nc.com/connect

I want you to be more confident in your future:
whether that be through preparing for retirement,
financial planning, portfolio analysis, or college planning.

I trust the information you receive through these podcasts and videos
proves helpful with your personal financial situation!

Website:   https://wfa-nc.com
Facebook:

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-ch...

To schedule a complimentary consultation with me: 👉...

Randy and Linda have a difficult situation. Age 66 and 70. $550,000 in retirement accounts. No emergency fund, 100k in debt, wants to buy a house in a few years, Term insurance is expiring.  He is crazy about roth conversions!! How do we handle this one?

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
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For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
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So you got a cash money gift for Christmas or Birthday. Maybe it was a $1,000 gift! What do you do with it? Here are some wise ideas.

For the video link of this podcast: https://youtu.be/8PMcMKx3_Io

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉   https://wfa-nc.com/insights

 📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-check-up

To schedule a complimentary consultation with me: 👉 https://wfa-nc.com/connect

I want you to be more confident in your future: 
whether that be through preparing for retirement, 
financial planning, portfolio analysis, or college planning. 

I trust the information you receive through these videos
proves helpful with your personal financial situation!

Website: www.wfa-nc.com
Facebook: https://www.facebook.com/KeithWilsonF...
Linkedin: https://www.linkedin.com/in/keithwils...

I am looking forward to seeing you achieve your financial goals!

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-ch...

To schedule a complimentary consultation with me: 👉...